Slaughter Cattle Review - Morning

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LM_CT130
St. Joseph, MO    Thu, January 24, 2013    USDA Market News Service

Morning National Slaughter Cattle Review for Wednesday, 1/23/13

On Wednesday, negotiated cash trade in the Texas Panhandle trade and demand was 
light to moderate.  Compared to last week, live sales sold 3.00 lower at 
122.00.  In Kansas, trading and demand was light to moderate.  Compared to last 
week, live sales sold 1.00 to 3.00 lower at 122.00.  Trading in Nebraska was 
light on light demand.  Compared to last week, live sales sold 1.00 to 2.50 
lower from 122.00 to 122.50. The last established dressed sales in Nebraska were 
last week, with sales mostly at 198.00.   Trading in Colorado was moderate on 
moderate demand.  Compared to last week, live sales sold 1.00 lower at 122.00, 
with instances up to 122.50.  In the Western Cornbelt, trading was mostly 
inactive. Not enough sales for an adequate market trend.  The last established 
market was last week.  On a light test, live sales sold at 122.00 with dressed 
sales selling from 195.00 to 198.00.  

Negotiated sales:
Confirmed:    29,639    Week ago:           42,967    Year ago:              343
Wk to Date:   30,913    Week ago to Date:   43,890    Year ago to Date:      995

Negotiated, Formula and contract purchases delivered to packers today:
Today:        88,900    Week Ago:           80,000    Year Ago:           76,100
Wk to Date:  264,200    Week Ago to Date:  254,500    Year Ago to Date:  241,400

Negotiated, Formula and contract commitments today: (generally for slaughter
within 7 days)
Today:        95,700    Week Ago:           93,300    Year Ago:           45,200
Wk to Date:  256,000    Week Ago to Date:  263,100    Year Ago to Date:  181,700

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      122.00- 124.00avg 122.28   122.00- 122.50avg 122.22
65 - 80% Choice      121.50- 122.50avg 121.98   122.00- 122.50avg 122.04
35 - 65% Choice      122.00- 122.50avg 122.02   122.00- 122.50avg 122.08
0 - 35% Choice             -       avg                -       avg
Total all grades     121.50- 124.00avg 122.04   122.00- 122.50avg 122.09

Dressed basis              Steers                     Heifers
Over 80% Choice            -       avg                -       avg
65 - 80% Choice            -       avg          192.50- 195.00avg 193.35
35 - 65% Choice      192.50- 195.00avg 194.16   192.50- 192.50avg 192.50
0 - 35% Choice       192.50- 192.50avg 192.50         -       avg
Total all grades     192.50- 195.00avg 193.91   192.50- 195.00avg 193.01

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

Beef Type:                   Domestic:
Head count priced today:        28,700
Weighted avg weight:               854
Weighted avg net price:         199.69


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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