Slaughter Cattle Review - Afternoon

LM_CT131
St. Joseph, MO    Thu, January 24, 2013    USDA Market News Service

Afternoon National Slaughter Cattle Review as of 2:00 pm Thursday

Thus far on Thursday, negotiated cash trade in the Texas Panhandle is mostly 
inactive.  Not enough sales for a market trend.  The last established market was 
Wednesday when live sales sold at 122.00.  In Kansas, trading mostly inactive, the 
last established market was Wednesday when live sales selling at 122.00.  In 
Nebraska, trading was light on light to moderate demand.  Compared to Wednesday, live 
sales sold mostly steady from 122.00 to 123.00.  Dressed sales compared to last 
week sold 2.00 to 3.00 lower from 195.00 to 196.00.  In Colorado, trading was mostly 
inactive.  The last established market was Wednesday when live sales sold mostly at 
122.00 with instances of 122.50.  Trading in the Western Cornbelt is light on light 
demand.  A few yearly sales sold mostly from 121.50 to 122.00.  A few early dressed 
sales sold at 195.00.  The last established market was last week, with live sales 
selling at 122.00 and dressed sales from 195.00 to 198.00 on a light test.  

Negotiated sales:
Confirmed:       7,403            Week ago:    6,467          Year ago:      188
Week to Date:   38,316            Week ago:   50,357          Year ago:    1,183

Negotiated: prices paid for Domestic Slaughter steers and heifers:
(Information derived from the 5 area weighted average LM_CT100)

Live basis                 Steers                        Heifers
Over 80% Choice      122.00- 124.00avg 122.28      122.00- 122.50avg 122.22
65 - 80% Choice      121.50- 122.50avg 121.98      122.00- 122.50avg 122.04
35 - 65% Choice      122.00- 122.50avg 122.02      122.00- 122.50avg 122.08
0 - 35% Choice             -       avg                   -       avg
Total all grades     121.50- 124.00avg 122.04      122.00- 122.50avg 122.09

Dressed basis              Steers                        Heifers
Over 80% Choice            -       avg                   -       avg
65 - 80% Choice            -       avg             192.50- 195.00avg 193.35
35 - 65% Choice      192.50- 195.00avg 194.16      192.50- 192.50avg 192.50
0 - 35% Choice       192.50- 192.50avg 192.50            -       avg
Total all grades     192.50- 195.00avg 193.91      192.50- 195.00avg 193.01


Formula purchases: prices established thus far today for slaughtered 
cattle.

Beef Type:                   Domestic:
Head count priced today:         6,000
Weighted avg weight:               833
Weighted avg net price:         198.34

Covers transactions reported at 2:00 pm today.  Comments and market conditions
may include information gathered from voluntary sources, all prices, weights
and head counts are only those gathered through the mandatory reporting system.

Source:  USDA Market News Service, St Joseph, MO
         (816)-238-0678 or (816)-676-7000 e-mail:  stjoe.lgmn@ams.usda.gov
         www.ams.usda.gov/mnreports/lm_ct131.txt

1530c  staff





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