Slaughter Cattle Review - Morning

LM_CT130
St. Joseph, MO    Thu, October 11, 2012    USDA Market News Service

Morning National Slaughter Cattle Review for Wednesday, 10/10/12

On Wednesday in the Southern Plains and Colorado negotiated cash trading was at
a standstill. In Nebraska and Iowa/Minnesota trading was mostly inactive with
very light demand. Not enough sales for a market trend in any major feeding region.
Last week in the Southern and Northern Plains live sales sold at 124.00. Dressed 
sales in Nebraska sold at 190.00.  In the Western Cornbelt live sales sold from 
120.00-123.00 and with dressed sales at 190.00.  

Negotiated sales:
Confirmed:       520    Week ago:              822    Year ago:            2,548
Wk to Date:    2,098    Week ago to Date:    1,334    Year ago to Date:    3,730

Negotiated, Formula and contract purchases delivered to packers today:
Today:        80,400    Week Ago:           80,500    Year Ago:           86,300
Wk to Date:  266,400    Week Ago to Date:  257,900    Year Ago to Date:  270,300

Negotiated, Formula and contract commitments today: (generally for slaughter
within 7 days)
Today:        64,400    Week Ago:           46,800    Year Ago:           57,000
Wk to Date:  224,700    Week Ago to Date:  211,700    Year Ago to Date:  205,400

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      123.00- 123.00avg 123.00         -       avg
65 - 80% Choice            -       avg                -       avg
35 - 65% Choice            -       avg                -       avg
0 - 35% Choice             -       avg                -       avg
Total all grades     123.00- 123.00avg 123.00         -       avg

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

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

Beef Type:                   Domestic:
Head count priced today:        51,100
Weighted avg weight:               869
Weighted avg net price:         193.31


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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