Slaughter Cattle Review - Morning

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LM_CT130
St. Joseph, MO    Mon, February 25, 2013    USDA Market News Service

Morning National Slaughter Cattle Review for Friday, 2/22/13

On Friday negotiated cash trade in the Texas Panhandle was limited on very light 
demand.  The last established market was on Wednesday with live sales selling steady 
at 123.00.  In Kansas, trading was moderate on moderate demand. Compared to last 
week, live sales sold 2.00 higher at 125.00.  In Nebraska, trading was light to 
moderate on light to moderate demand.  Compared to last week, live sales sold steady 
to 2.00 higher from 123.00 to 125.00.  Dressed sales sold mostly steady at 198.00.  
In Colorado, trading was limited on light demand. The last established market was on 
Wednesday with live sales selling steady at 123.00.  In the Western Cornbelt trading 
was light to moderate on light to moderate demand.  Compared to last week, live sales 
sold 1.00 to 2.00 higher from 123.00 to 125.00 with dressed sales selling 1.00 to 
2.00 higher from 197.00 to 198.00  


Negotiated sales:
Confirmed:    54,045    Week ago:            8,754    Year ago:           91,308
Wk to Date:   94,702    Week ago to Date:   64,398    Year ago to Date:  104,047

Negotiated, Formula and contract purchases delivered to packers today:
Today:        82,200    Week Ago:           80,800    Year Ago:           78,800
Wk to Date:  377,800    Week Ago to Date:  399,300    Year Ago to Date:  406,100

Negotiated, Formula and contract commitments today: (generally for slaughter
within 7 days)
Today:       112,300    Week Ago:           75,800    Year Ago:          144,400
Wk to Date:  375,300    Week Ago to Date:  363,000    Year Ago to Date:  379,800

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- 125.00avg 123.78   123.00- 125.00avg 124.02
65 - 80% Choice      121.00- 125.00avg 124.24   123.00- 125.00avg 124.79
35 - 65% Choice      124.00- 125.00avg 124.94   124.00- 125.00avg 124.98
0 - 35% Choice             -       avg                -       avg
Total all grades     121.00- 125.00avg 124.56   123.00- 125.00avg 124.77

Dressed basis              Steers                     Heifers
Over 80% Choice      196.00- 198.00avg 197.91   198.00- 199.00avg 198.10
65 - 80% Choice      196.00- 198.00avg 197.83   197.00- 198.00avg 197.83
35 - 65% Choice      196.00- 198.00avg 197.82   197.50- 198.00avg 197.60
0 - 35% Choice             -       avg                -       avg
Total all grades     196.00- 198.00avg 197.85   197.00- 199.00avg 197.80

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

Beef Type:                   Domestic:
Head count priced today:        22,200
Weighted avg weight:               846
Weighted avg net price:         193.10


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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