Slaughter Cattle Review - Morning

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LM_CT130
St. Joseph, MO    Mon, October 08, 2012    USDA Market News Service

Morning National Slaughter Cattle Review for Friday, 10/5/2012

For Friday in the Southern Plains trading was mostly inactive on very light 
demand. Not enough sales for an adequate market trend. Last established market was 
Thursday with live sales at 124.00 and a few in Kansas at 124.50.  In Nebraska 
trading was limited on light demand.  Live and dressed sales sold steady compared to 
the last reported market on Thursday. On a light test lives sales sold from 122.00-
124.00 and dressed sales 190.00 with a few at 192.00.  In Colorado trading was at a 
standstill.  On Thursday the last reported market live sales sold at 124.00.  In the 
Western Cornbelt trading was limited on light demand. Not enough sales for an 
adequate market trend.  The last established market was Thursday with live sales from 
120.00-123.00 and dressed sales at 190.00.   

Negotiated sales:
Confirmed:     9,682    Week ago:            6,478    Year ago:              871
Wk to Date:  104,181    Week ago to Date:   74,206    Year ago to Date:  128,797

Negotiated, Formula and contract purchases delivered to packers today:
Today:        82,200    Week Ago:           97,600    Year Ago:           86,500
Wk to Date:  419,200    Week Ago to Date:  436,600    Year Ago to Date:  449,200

Negotiated, Formula and contract commitments today: (generally for slaughter
within 7 days)
Today:        73,900    Week Ago:           77,300    Year Ago:           63,300
Wk to Date:  417,000    Week Ago to Date:  422,300    Year Ago to Date:  472,000

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- 122.00avg 121.32   122.00- 124.00avg 122.87
65 - 80% Choice      120.00- 122.00avg 121.30   123.50- 124.00avg 123.89
35 - 65% Choice      124.00- 124.00avg 124.00   123.00- 124.00avg 123.83
0 - 35% Choice             -       avg                -       avg
Total all grades     120.00- 124.00avg 121.46   122.00- 124.00avg 123.24

Dressed basis              Steers                     Heifers
Over 80% Choice      190.00- 192.00avg 190.47   190.00- 192.00avg 190.28
65 - 80% Choice      190.00- 192.00avg 190.07   190.00- 190.00avg 190.00
35 - 65% Choice            -       avg          188.00- 188.00avg 188.00
0 - 35% Choice             -       avg                -       avg
Total all grades     190.00- 192.00avg 190.25   188.00- 192.00avg 189.87

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

Beef Type:                   Domestic:
Head count priced today:        21,900
Weighted avg weight:               843
Weighted avg net price:         192.38


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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