Slaughter Cattle Review - Morning

LM_CT130
St. Joseph, MO    Wed, June 20, 2012    USDA Market News Service

Morning National Slaughter Cattle Review for Tuesday, 6/19/12

   Trading was mostly inactive in all feeding regions Tuesday on light demand.
Not enough sales in any area for an adequate market test. The latest established
market in the Texas Panhandle was last Thursday with live sales at 119.00. 
Kansas traded last Wednesday at 119.00. Nebraska traded last Thursday with live
sales at 119.00-119.50, and dressed sales at mostly 190.00-192.00. Colorado live
sales last Thursday were at 119.00. The latest market in Iowa-Minnesota was 
Thursday with live sales at 121.00-122.00, and dressed sales at 190.00-193.00.

Negotiated sales:
Confirmed:     2,136    Week ago:              867    Year ago:            1,449
Wk to Date:    2,942    Week ago to Date:    1,258    Year ago to Date:    2,178

Negotiated, Formula and contract purchases delivered to packers today:
Today:        90,700    Week Ago:           91,300    Year Ago:           89,500
Wk to Date:  178,200    Week Ago to Date:  183,000    Year Ago to Date:  185,800

Negotiated, Formula and contract commitments today: (generally for slaughter
within 7 days)
Today:        80,900    Week Ago:           79,800    Year Ago:           53,400
Wk to Date:  174,800    Week Ago to Date:  173,800    Year Ago to Date:  153,700

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   118.00- 118.00avg 118.00
65 - 80% Choice            -       avg                -       avg
35 - 65% Choice            -       avg                -       avg
0 - 35% Choice             -       avg                -       avg
Total all grades     120.00- 120.00avg 120.00   118.00- 118.00avg 118.00

Dressed basis              Steers                     Heifers
Over 80% Choice            -       avg          190.50- 191.00avg 190.61
65 - 80% Choice            -       avg                -       avg
35 - 65% Choice            -       avg                -       avg
0 - 35% Choice             -       avg                -       avg
Total all grades           -       avg          190.50- 191.00avg 190.61

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

Beef Type:                   Domestic:
Head count priced today:        30,500
Weighted avg weight:               829
Weighted avg net price:         196.36


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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2. U.S. 2012/13 corn export prospects cut as global trade boosted
3. Feed grain supply prospects lowered on delayed plantings
4. Corn conditions a tad better than last year
5. Brent crude oil dips before U.S. Fed meeting
6. Grain markets proved mixed on Monday

1. Cattle crush Calif. dairy worker
2. Uncertainty hangs over milk futures market
3. Chobani pushes back against UK Greek yogurt ban
4. Will Smith dethroned in latest Peterson Farm Bros. parody
5. WASDE: Corn price outlook lowered
6. Bush criticizes Farm Bill

1. Commentary: On the meaning of ‘natural’
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