Slaughter Cattle Review - Afternoon

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LM_CT131
St. Joseph, MO    Wed, March 20, 2013    USDA Market News Service

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

Thus far for Wednesday trading in the Southern Plains and Colorado has been mostly
at a standstill. In Nebraska and Iowa-Minnesota trading has been limited on light
demand. Not enough sales in any feeding region for market trend. In the Southern 
Plains, last week, live sales sold at 127.00. However, a few live sales sold in
the Texas Panhandle on Tuesday at 125.00. In Nebraska on Wednesday a few live and
dressed sales have sold at 125.50 and 198.00, respectively. The last fully reported 
market on Tuesday saw live sales selling from 124.00-125.00. Last week dressed sales
sold at 201.00. In Colorado the last reported market saw live sales at 125.00. In
Iowa-Minnesota the last fully established market was last week with live sales from
124.00-125.00 and dressed sales at 200.00.

Negotiated sales:
Confirmed:      10,551            Week ago:      619          Year ago:   79,002
Week to Date:   39,040            Week ago:    1,989          Year ago:   85,123

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- 125.00avg 124.68      124.00- 125.50avg 125.37
65 - 80% Choice      124.00- 125.50avg 125.21      125.00- 125.50avg 125.33
35 - 65% Choice      124.00- 125.00avg 124.26            -       avg
0 - 35% Choice             -       avg                   -       avg
Total all grades     124.00- 125.50avg 124.93      124.00- 125.50avg 125.36

Dressed basis              Steers                        Heifers
Over 80% Choice            -       avg             198.00- 201.00avg 198.92
65 - 80% Choice      194.00- 198.00avg 197.17      198.00- 198.00avg 198.00
35 - 65% Choice      194.00- 194.00avg 194.00            -       avg
0 - 35% Choice             -       avg                   -       avg
Total all grades     194.00- 198.00avg 196.11      198.00- 201.00avg 198.29


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

Beef Type:                   Domestic:
Head count priced today:        15,500
Weighted avg weight:               859
Weighted avg net price:         203.38

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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