Slaughter Cattle Review - Morning

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LM_CT130
St. Joseph, MO    Fri, December 07, 2012    USDA Market News Service

Morning National Slaughter Cattle Review for Thursday, 12/6/2012

Thursday trading in the Southern Plains and Colorado was at a standstill. In
Nebraska and the Western Cornbelt trading was limited on very light demand.
Not enough sales for a market trend. The latest established market was last 
week with live sales in the Texas Panhandle from 126.00-128.00. In Kansas live
sale sold at 125.00. In the Northern Plains live sales sold at 125.50 with 
dressed sales from 199.00-202.00 in Nebraska. In the Western Cornbelt live sale
sold at 125.00 and dressed sales ranged from 198.00-202.00.

Negotiated sales:
Confirmed:     2,673    Week ago:            8,481    Year ago:            6,701
Wk to Date:    7,528    Week ago to Date:   16,224    Year ago to Date:   12,961

Negotiated, Formula and contract purchases delivered to packers today:
Today:        79,800    Week Ago:           84,900    Year Ago:           76,000
Wk to Date:  332,500    Week Ago to Date:  339,700    Year Ago to Date:  325,400

Negotiated, Formula and contract commitments today: (generally for slaughter
within 7 days)
Today:        28,800    Week Ago:           57,400    Year Ago:           39,100
Wk to Date:  269,300    Week Ago to Date:  317,200    Year Ago to Date:  232,500

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          124.00- 124.00avg 124.00
35 - 65% Choice            -       avg                -       avg
0 - 35% Choice             -       avg                -       avg
Total all grades           -       avg          124.00- 124.00avg 124.00

Dressed basis              Steers                     Heifers
Over 80% Choice            -       avg          196.00- 197.00avg 196.93
65 - 80% Choice      196.00- 196.00avg 196.00   196.00- 196.00avg 196.00
35 - 65% Choice            -       avg                -       avg
0 - 35% Choice             -       avg                -       avg
Total all grades     196.00- 196.00avg 196.00   196.00- 197.00avg 196.39

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

Beef Type:                   Domestic:
Head count priced today:        25,300
Weighted avg weight:               857
Weighted avg net price:         199.06


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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