Slaughter Cattle Review - Morning

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LM_CT130
St. Joseph, MO    Thu, May 03, 2012    USDA Market News Service

Morning National Slaughter Cattle Review for Wednesday, 5/2/2012

Wednesday trading in the Texas Panhandle and Colorado was at a standstill. In 
Kansas, Nebraska and the Western Cornbelt trading was limited on very light 
demand. Not enough sales to fully establish 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:    10,027    Week ago:            2,617    Year ago:           15,241
Wk to Date:   13,323    Week ago to Date:    8,120    Year ago to Date:  149,833

Negotiated, Formula and contract purchases delivered to packers today:
Today:        85,400    Week Ago:           83,000    Year Ago:           92,800
Wk to Date:  268,900    Week Ago to Date:  268,800    Year Ago to Date:  284,300

Negotiated, Formula and contract commitments today: (generally for slaughter
within 7 days)
Today:        60,700    Week Ago:           60,400    Year Ago:           73,700
Wk to Date:  244,500    Week Ago to Date:  230,000    Year Ago to Date:  392,900

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- 121.00avg 120.28   120.00- 120.00avg 120.00
65 - 80% Choice      119.00- 120.00avg 119.28   116.00- 120.00avg 118.15
35 - 65% Choice            -       avg                -       avg
0 - 35% Choice             -       avg                -       avg
Total all grades     119.00- 121.00avg 119.62   116.00- 120.00avg 118.47

Dressed basis              Steers                     Heifers
Over 80% Choice      190.00- 190.00avg 190.00   190.00- 191.00avg 190.75
65 - 80% Choice      188.00- 191.00avg 190.26   188.00- 193.00avg 190.80
35 - 65% Choice            -       avg          192.00- 192.00avg 192.00
0 - 35% Choice             -       avg                -       avg
Total all grades     188.00- 191.00avg 190.25   188.00- 193.00avg 190.91

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

Beef Type:                   Domestic:
Head count priced today:        39,000
Weighted avg weight:               833
Weighted avg net price:         194.44


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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