Slaughter Cattle Review - Afternoon

LM_CT131
St. Joseph, MO    Fri, February 01, 2013    USDA Market News Service

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

So far for Friday trading in the Texas Panhandle has been at a standstill. The last 
reported market was on Wednesday with live sales at 125.00. In Kansas trading has 
been limited on light demand. Live sales have sold steady with Wednesday's market at 
125.00. In Nebraska trading has been limited on light demand. Not enough sales for a 
market test. However, a few dressed sales have sold at 200.00. Last week live sales 
sold from 122.00-124.00 and dressed sales mostly at 198.00. In Colorado trading has 
been at a standstill. The last reported market was on Wednesday with live sales at 
125.00. In the Western Cornbelt trading has been limited on light demand. Not enough 
sales for a market trend. However, a few live and dressed sales have sold at 125.00 
and 200.00, respectively. Last week live sales sold from 123.00-124.00 and dressed 
sales from 198.00-200.00.

Negotiated sales:
Confirmed:      13,340            Week ago:    5,250          Year ago:   40,079
Week to Date:   48,339            Week ago:  105,405          Year ago:   61,710

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      124.00- 127.00avg 124.86      125.00- 125.00avg 125.00
65 - 80% Choice      125.00- 125.00avg 125.00      125.00- 125.00avg 125.00
35 - 65% Choice      125.00- 125.00avg 125.00      125.00- 125.00avg 125.00
0 - 35% Choice             -       avg                   -       avg
Total all grades     124.00- 127.00avg 124.96      125.00- 125.00avg 125.00

Dressed basis              Steers                        Heifers
Over 80% Choice      200.00- 201.00avg 200.31      200.00- 200.00avg 200.00
65 - 80% Choice      200.00- 200.00avg 200.00      200.00- 200.00avg 200.00
35 - 65% Choice      200.00- 200.00avg 200.00            -       avg
0 - 35% Choice             -       avg                   -       avg
Total all grades     200.00- 201.00avg 200.13      200.00- 200.00avg 200.00


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

Beef Type:                   Domestic:
Head count priced today:         8,400
Weighted avg weight:               826
Weighted avg net price:         191.63

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





.

1. 4 rules for growing a business or industry
2. Corn planting pace turns from record slow to record fast
3. Ag markets seemed to follow gold higher Monday afternoon
4. Online systems keeps exporters abreast of market regulations
5. April milk production up 0.3 percent
6. New crop cottonseed market rallies in face of tight supplies

1. D.C. Watch: Farm bill progressing
2. Class III futures close out quietly last week
3. April milk production up 0.3 percent
4. 4 rules for growing a business or industry
5. What are the drivers of profit in your dairy herd?
6. Lowfat dairy may cut diabetes risk

1. Analysis: Dairy Security Act better for farmers, taxpayers
2. Commentary: Slanting the statistics
3. World food supply depends on character, virtuous leadership
4. Buffet concerned about soil and starvation
5. Cold spring stunts upper Midwest hay crop
6. N.M. rancher charged with 43 counts of animal cruelty