Slaughter Cattle Review - Morning

LM_CT130
St. Joseph, MO    Wed, March 06, 2013    USDA Market News Service

Morning National Slaughter Cattle Review for Tuesday, 3/5/2013

Tuesday trading was mostly inactive with very light demand in all major feeding 
regions. Not enough sales for a market trend. Last week live sales sold at 128.00
in the Southern Plains and Nebraska. Dressed sales in Nebraska sold mostly at 
204.00. In Colorado, last week, live sales sold at 129.00 and a few dressed sales 
sold at 205.00. In Iowa-Minnesota live sales sold from 126.00-128.00 and dressed 
sales sold mostly from 202.00-203.00.

Negotiated sales:
Confirmed:     1,048    Week ago:              493    Year ago:           65,558
Wk to Date:    1,658    Week ago to Date:    1,027    Year ago to Date:   68,391

Negotiated, Formula and contract purchases delivered to packers today:
Today:        80,100    Week Ago:           78,800    Year Ago:           92,600
Wk to Date:  161,500    Week Ago to Date:  142,900    Year Ago to Date:  184,700

Negotiated, Formula and contract commitments today: (generally for slaughter
within 7 days)
Today:        87,600    Week Ago:           70,400    Year Ago:          135,600
Wk to Date:  133,800    Week Ago to Date:  120,900    Year Ago to Date:  238,000

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        -      avg              -      avg
65 - 80% Choice        -      avg              -      avg
35 - 65% Choice        -      avg              -      avg
0 - 35% Choice         -      avg              -      avg
Total all grades       -      avg              -      avg

Dressed basis          Steers                  Heifers
Over 80% Choice  203.00-203.00avg203.00  203.00-203.00avg203.00
65 - 80% Choice  204.00-204.00avg204.00        -      avg
35 - 65% Choice        -      avg              -      avg
0 - 35% Choice         -      avg              -      avg
Total all grades 203.00-204.00avg203.46  203.00-203.00avg203.00

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

Beef Type:                   Domestic:
Head count priced today:        42,100
Weighted avg weight:               833
Weighted avg net price:         196.64


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

1. Vilsack: Taking time to remember the fallen
2. Ag markets diverge just before the long holiday weekend
3. Study suggests dairy herd water quality linked to milk production
4. Wis. lawmakers question challenges to large wells
5. Traders evening up positions ahead of the weekend Friday
6. Bio-Vet and Keller break ground on new facility

1. Commentary: Milk faces branding dilemma
2. 4 rules for growing a business or industry
3. Salma Hayek: Milk part of 'perfect' breakfast
4. Chocolate milk a top post-workout food
5. Seven jobs more dangerous than farming
6. What do dairy exports mean for Minnesota?

1. Seven jobs more dangerous than farming
2. White House urges Senate to cut crop insurance in farm bill
3. Class III futures close out quietly last week
4. 4 rules for growing a business or industry
5. Drop in U.S. underground water levels has accelerated
6. Ongoing wave of Calif. metal theft prompts further legislation