Slaughter Cattle Review - Morning

LM_CT130
St. Joseph, MO    Fri, October 05, 2012    USDA Market News Service

Morning National Slaughter Cattle Review for Thursday, 10/4/2012

On Thursday trading and demand was moderate in all major feeding regions. Compared
to last week in the Southern Plains live sales sold 1.00 higher at 124.00, with a
few in Kansas at 124.50. In Nebraska live sales sold 1.00 to 2.00 higher at 124.00.
Dressed sales in Nebraska sold unevenly steady at 190.00 with a few up to 192.00.
In Colorado live sales sold 2.00 higher at 124.00. In the Western Cornbelt live
sales sold steady to 1.00 higher from 120.00 to 123.00. Dressed sales sold steady
to 2.00 lower at 190.00.

Negotiated sales:
Confirmed:    93,319    Week ago:           25,261    Year ago:            4,514
Wk to Date:   94,653    Week ago to Date:   67,728    Year ago to Date:  127,926

Negotiated, Formula and contract purchases delivered to packers today:
Today:        79,000    Week Ago:           83,500    Year Ago:           87,200
Wk to Date:  336,900    Week Ago to Date:  339,000    Year Ago to Date:  362,700

Negotiated, Formula and contract commitments today: (generally for slaughter
within 7 days)
Today:       131,400    Week Ago:           60,200    Year Ago:           51,600
Wk to Date:  343,100    Week Ago to Date:  345,100    Year Ago to Date:  408,600

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- 124.00avg 122.26   120.00- 124.50avg 122.76
65 - 80% Choice      119.00- 124.00avg 123.21   122.00- 124.50avg 123.84
35 - 65% Choice      122.00- 124.50avg 124.07   120.00- 124.50avg 123.97
0 - 35% Choice       123.00- 124.00avg 123.90   122.00- 122.00avg 122.00
Total all grades     119.00- 124.50avg 123.57   120.00- 124.50avg 123.77

Dressed basis              Steers                     Heifers
Over 80% Choice      188.00- 196.00avg 190.46   188.00- 192.00avg 190.45
65 - 80% Choice      184.00- 192.00avg 189.87   188.00- 195.00avg 190.70
35 - 65% Choice      185.00- 195.00avg 188.11   188.00- 196.00avg 195.62
0 - 35% Choice             -       avg                -       avg
Total all grades     184.00- 196.00avg 189.85   188.00- 196.00avg 191.90

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

Beef Type:                   Domestic:
Head count priced today:        19,600
Weighted avg weight:               829
Weighted avg net price:         193.42


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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