Slaughter Cattle Review - Morning

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LM_CT130
St. Joseph, MO    Thu, January 17, 2013    USDA Market News Service

Morning National Slaughter Cattle Review for Wednesday, 1/16/13

Wednesday in the Southern and Northern Plains saw trading slow on light demand.
Compared to last week in the Texas Panhandle live sales sold 2.00 to 3.00 lower,
in Kansas live sales sold 1.00, at 125.00, respectively. Compared to the prior 
week in Nebraska live sales sold 2.00 lower from 123.00 to 125.00 and dressed
sales sold 4.00 to 7.00 lower mostly at 198.00. In Colorado live sales sold 2.00-
2.50 lower at 123.00. No dressed sales for a market test, last week dressed sales
were from 203.00 to 205.00. Wednesday in the Western Cornbelt trading was limited
on very light demand. Not enough sales for a market trend. Last week live sales
sold mostly at 125.00 and dressed sales sold from 202.00 to 203.00.

Negotiated sales:
Confirmed:    42,967    Week ago:           14,475    Year ago:              497
Wk to Date:   43,890    Week ago to Date:   29,603    Year ago to Date:    1,439

Negotiated, Formula and contract purchases delivered to packers today:
Today:        80,000    Week Ago:           80,700    Year Ago:           76,300
Wk to Date:  254,500    Week Ago to Date:  255,500    Year Ago to Date:  246,900

Negotiated, Formula and contract commitments today: (generally for slaughter
within 7 days)
Today:        93,200    Week Ago:           95,500    Year Ago:           46,900
Wk to Date:  263,100    Week Ago to Date:  283,800    Year Ago to Date:  179,400

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- 125.00avg 123.46   122.00- 124.00avg 122.51
65 - 80% Choice      122.50- 125.00avg 124.13   122.00- 125.00avg 124.08
35 - 65% Choice      120.00- 125.00avg 124.60   123.00- 125.00avg 124.23
0 - 35% Choice       124.00- 125.00avg 124.71         -       avg
Total all grades     120.00- 125.00avg 124.35   122.00- 125.00avg 124.04

Dressed basis              Steers                     Heifers
Over 80% Choice      198.00- 203.00avg 198.52   196.00- 199.00avg 198.00
65 - 80% Choice      196.00- 199.00avg 198.07   196.00- 199.00avg 197.64
35 - 65% Choice      196.00- 198.00avg 196.16   196.00- 198.00avg 196.70
0 - 35% Choice             -       avg                -       avg
Total all grades     196.00- 203.00avg 198.01   196.00- 199.00avg 197.76

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

Beef Type:                   Domestic:
Head count priced today:        33,700
Weighted avg weight:               870
Weighted avg net price:         203.07


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

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