Slaughter Cattle Review - Morning

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LM_CT130
St. Joseph, MO    Wed, May 02, 2012    USDA Market News Service

Morning National Slaughter Cattle Review for Tuesday, 5/1/2012

On Tuesday in the Texas Panhandle and Colorado trading was at a standstill. In
Kansas, Nebraska and the Western Cornbelt trading was mostly inactive on very
light demand. Not enough sales in these feeding regions for a market trend.
Last week in the Texas Panhandle live sales sold at 119.00. In Kansas live sales
sold mostly at 120.00. In Nebraska live sales sold from 120.00-122.00 and dressed
mostly at 194.00. In Colorado live sales sold from 120.00-121.00. In the Western 
Cornbelt live and dressed sales sold with a light test at 120.00 and 194.00, 
respectively.

Negotiated sales:
Confirmed:     2,117    Week ago:            4,304    Year ago:          118,400
Wk to Date:    3,296    Week ago to Date:    5,503    Year ago to Date:  134,592

Negotiated, Formula and contract purchases delivered to packers today:
Today:        92,900    Week Ago:           91,400    Year Ago:           94,300
Wk to Date:  183,500    Week Ago to Date:  185,700    Year Ago to Date:  191,500

Negotiated, Formula and contract commitments today: (generally for slaughter
within 7 days)
Today:        94,200    Week Ago:           76,900    Year Ago:          230,700
Wk to Date:  183,700    Week Ago to Date:  169,600    Year Ago to Date:  319,100

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      120.00- 120.00avg 120.00         -       avg
65 - 80% Choice      120.00- 120.00avg 120.00   120.00- 120.00avg 120.00
35 - 65% Choice      120.00- 120.00avg 120.00         -       avg
0 - 35% Choice             -       avg                -       avg
Total all grades     120.00- 120.00avg 120.00   120.00- 120.00avg 120.00

Dressed basis              Steers                     Heifers
Over 80% Choice            -       avg          190.00- 190.00avg 190.00
65 - 80% Choice            -       avg                -       avg
35 - 65% Choice            -       avg                -       avg
0 - 35% Choice             -       avg                -       avg
Total all grades           -       avg          190.00- 190.00avg 190.00

Formula purchases: prices established on previous reporting day for 
slaughtered cattle.

Beef Type:                   Domestic:
Head count priced today:        33,400
Weighted avg weight:               817
Weighted avg net price:         196.16


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_ct130.txt

1100c  staff





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