Slaughter Cattle Review - Morning

LM_CT130
St. Joseph, MO    Wed, January 09, 2013    USDA Market News Service

Morning National Slaughter Cattle Review for Tuesday, 1/8/13

On Tuesday, negotiated cash trade in Texas and Nebraska was light on light demand.   
Compared to last week in Texas, early live sales traded steady at 128.00. Compared to 
last week in Nebraska, early dressed sales sold steady at 205.00.  In Kansas, 
Colorado, and the Western Cornbelt trading was mostly in active.  Not enough sales 
for an adequate market trend.  The last established market was last week.  In the 
Southern Plains, live sales sold at 128.00.  In Nebraska, live sales sold from 128.00 
to 128.50.  Dressed sales sold at 205.00.  In Colorado last week, live sales sold 
from 128.00 to 130.00.  In the Western Cornbelt last week, live sales sold from 
127.00 to 129.00.  Dressed sales sold at 205.00.  


Negotiated sales:
Confirmed:    14,480    Week ago:            1,726    Year ago:              729
Wk to Date:   15,120    Week ago to Date:    2,434    Year ago to Date:    1,671

Negotiated, Formula and contract purchases delivered to packers today:
Today:        88,000    Week Ago:           42,300    Year Ago:           79,600
Wk to Date:  174,800    Week Ago to Date:   59,200    Year Ago to Date:  168,100

Negotiated, Formula and contract commitments today: (generally for slaughter
within 7 days)
Today:        96,200    Week Ago:           37,600    Year Ago:           56,400
Wk to Date:  188,200    Week Ago to Date:   54,100    Year Ago to Date:  122,600

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      127.00- 129.00avg 127.92         -       avg
65 - 80% Choice      128.00- 128.00avg 128.00         -       avg
35 - 65% Choice      128.00- 128.00avg 128.00   128.00- 128.00avg 128.00
0 - 35% Choice             -       avg                -       avg
Total all grades     127.00- 129.00avg 127.99   128.00- 128.00avg 128.00

Dressed basis              Steers                     Heifers
Over 80% Choice      205.00- 205.00avg 205.00   205.00- 205.00avg 205.00
65 - 80% Choice      205.00- 205.00avg 205.00   205.00- 205.00avg 205.00
35 - 65% Choice            -       avg                -       avg
0 - 35% Choice             -       avg                -       avg
Total all grades     205.00- 205.00avg 205.00   205.00- 205.00avg 205.00

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

Beef Type:                   Domestic:
Head count priced today:        36,000
Weighted avg weight:               867
Weighted avg net price:         202.23


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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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?