Slaughter Cattle Review - Morning

LM_CT130
St. Joseph, MO    Thu, November 29, 2012    USDA Market News Service

Morning National Slaughter Cattle Review for Wednesday, 11/28/12

Negotiated cash trade was mostly inactive on light demand in the Southern Plains and 
Colorado on Wednesday. Trade was limited on light demand in Nebraska and the Western 
Cornbelt. Not enough sales in any feeding region for an adequate market test. The 
last established market in the Texas Panhandle was last week with live sales at 
128.00. In Kansas live sales sold at 127.00. In Nebraska live sales traded from 
126.00-128.00 and dressed sales from 200.00-201.00. In Colorado live sales sold from 
128.00-128.50. In the Western Cornbelt live sales sold from 127.00-128.00 and dressed 
sales sold mostly at 200.00.

Negotiated sales:
Confirmed:     3,819    Week ago:            5,370    Year ago:            2,660
Wk to Date:    7,743    Week ago to Date:    7,833    Year ago to Date:    6,158

Negotiated, Formula and contract purchases delivered to packers today:
Today:        83,100    Week Ago:           26,100    Year Ago:           81,400
Wk to Date:  254,800    Week Ago to Date:  206,400    Year Ago to Date:  259,000

Negotiated, Formula and contract commitments today: (generally for slaughter
within 7 days)
Today:        71,300    Week Ago:           27,400    Year Ago:           64,100
Wk to Date:  259,800    Week Ago to Date:  191,100    Year Ago to Date:  211,000

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

Dressed basis              Steers                     Heifers
Over 80% Choice      202.00- 202.00avg 202.00   202.00- 202.00avg 202.00
65 - 80% Choice      200.00- 202.00avg 201.82   202.00- 204.00avg 203.48
35 - 65% Choice      202.00- 202.00avg 202.00   202.00- 202.00avg 202.00
0 - 35% Choice             -       avg                -       avg
Total all grades     200.00- 202.00avg 201.93   202.00- 204.00avg 203.16

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

Beef Type:                   Domestic:
Head count priced today:        29,400
Weighted avg weight:               854
Weighted avg net price:         199.22


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





.

1. Will Smith dethroned in latest Peterson Farm Bros. parody
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’
2. Commentary: Clueless consumers
3. Commentary: Why should we care about the farm bill?