Slaughter Cattle Review - Morning

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LM_CT130
St. Joseph, MO    Mon, May 07, 2012    USDA Market News Service

Morning National Slaughter Cattle Review for Friday, 5/4/2012

On Friday in the Texas Panhandle trading and demand were moderate. Compared to
last week live sales sold 1.00 higher at 120.00. In Kansas and Nebraska trading 
was moderate to active with moderate to good demand. Compared to prior week live
sales in Kansas sold steady at 120.00. In Nebraska live sales sold 1.00 higher
from 121.00 to 123.00. Dressed sales sold steady at 194.00 with a few up to
195.00. Friday in Colorado trading was limited on moderate demand. Compared to
last week on a light test live sales sold 1.00 to 2.00 higher from 121.00 to 123.00.
In the Western Cornbelt for Friday trading and demand were moderate. Compared to
last week live sales sold 1.00 to 3.00 higher from 121.00 to 123.00. Dressed sales
sold unevenly steady from 192.00 to 195.00.

Negotiated sales:
Confirmed:    92,711    Week ago:           43,387    Year ago:            7,022
Wk to Date:  116,843    Week ago to Date:   95,772    Year ago to Date:  170,175

Negotiated, Formula and contract purchases delivered to packers today:
Today:        91,700    Week Ago:           78,400    Year Ago:           97,900
Wk to Date:  446,900    Week Ago to Date:  429,700    Year Ago to Date:  473,800

Negotiated, Formula and contract commitments today: (generally for slaughter
within 7 days)
Today:       155,200    Week Ago:          100,500    Year Ago:           51,500
Wk to Date:  452,300    Week Ago to Date:  415,600    Year Ago to Date:  500,900

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- 125.00avg 122.34   121.00- 123.00avg 122.40
65 - 80% Choice      120.00- 123.00avg 121.06   120.00- 123.00avg 120.97
35 - 65% Choice      117.00- 123.00avg 120.22   118.00- 123.00avg 120.15
0 - 35% Choice       119.00- 120.00avg 119.26   119.00- 120.00avg 119.51
Total all grades     117.00- 125.00avg 120.69   118.00- 123.00avg 120.56

Dressed basis              Steers                     Heifers
Over 80% Choice      192.00- 195.00avg 194.06   191.00- 194.50avg 193.57
65 - 80% Choice      190.00- 195.00avg 193.74   190.00- 195.00avg 193.81
35 - 65% Choice      192.00- 195.00avg 194.08   190.50- 194.00avg 192.49
0 - 35% Choice             -       avg                -       avg
Total all grades     190.00- 195.00avg 193.89   190.00- 195.00avg 193.70

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

Beef Type:                   Domestic:
Head count priced today:        17,900
Weighted avg weight:               801
Weighted avg net price:         191.14


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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