Slaughter Cattle Review - Morning

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LM_CT130
St. Joseph, MO    Mon, December 10, 2012    USDA Market News Service

Morning National Slaughter Cattle Review for Friday, 12/07/2012

On Friday in the Southern Plains trading was slow on light demand. Compared to 
last week in the Texas Panhandle live sales sold 2.00 to 4.00 lower at 124.00.
In Kansas live sales sold 1.00 lower at 124.00. Friday saw trading moderate on
light demand in the Northern Plains and Iowa-Minnesota. Compared to last week
in Nebraska live sales sold 1.50 to 2.50 lower from 123.00 to 124.00. Dressed 
sales sold 2.00 to 5.00 lower at 197.00, with a few at 198.00. In Colorado
live sales sold 2.00 to 2.50 lower from 123.00 to 123.50. In Iowa-Minnesota live 
sales sold 1.00 to 2.00 lower from 123.00 to 124.00. Dressed sales sold 2.00 to 
4.00 lower from 196.00 to 198.00.

Negotiated sales:
Confirmed:    53,414    Week ago:           37,094    Year ago:           95,966
Wk to Date:   60,942    Week ago to Date:   53,318    Year ago to Date:  108,927

Negotiated, Formula and contract purchases delivered to packers today:
Today:        80,900    Week Ago:           80,000    Year Ago:           74,500
Wk to Date:  413,400    Week Ago to Date:  419,700    Year Ago to Date:  399,900

Negotiated, Formula and contract commitments today: (generally for slaughter
within 7 days)
Today:       108,000    Week Ago:          128,800    Year Ago:          167,000
Wk to Date:  377,300    Week Ago to Date:  445,900    Year Ago to Date:  399,500

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      123.00- 125.00avg 123.83   124.00- 124.00avg 124.00
65 - 80% Choice      123.00- 125.00avg 123.75   123.00- 125.00avg 123.57
35 - 65% Choice      123.00- 124.00avg 123.86   123.00- 124.00avg 123.86
0 - 35% Choice             -       avg                -       avg
Total all grades     123.00- 125.00avg 123.82   123.00- 125.00avg 123.77

Dressed basis              Steers                     Heifers
Over 80% Choice      196.00- 198.00avg 197.25   196.00- 198.00avg 197.41
65 - 80% Choice      196.00- 198.00avg 197.09   195.00- 198.00avg 196.77
35 - 65% Choice      194.50- 197.00avg 195.66   194.50- 197.00avg 195.59
0 - 35% Choice             -       avg                -       avg
Total all grades     194.50- 198.00avg 197.07   194.50- 198.00avg 196.68

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

Beef Type:                   Domestic:
Head count priced today:        21,900
Weighted avg weight:               860
Weighted avg net price:         198.21


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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