Slaughter Cattle Review - Morning

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LM_CT130
St. Joseph, MO    Thu, March 21, 2013    USDA Market News Service

Morning National Slaughter Cattle Review for Wednesday, 3/20/13

On Wednesday trading in the Southern Plains was mostly inactive on very light
demand. Not enough sales for a market trend. Last week live sales sold at 
127.00. In the Northern Plains and Western Cornbelt on Wednesday saw trading
slow on light demand. In Nebraska compared to Tuesday live sales sold unevenly
steady from 124.00-125.00. Not enough dressed sales for a market trend. The last
fully reported dressed market was last week at 201.00. In Colorado live sales
sold steady at 125.00 when compared to Tuesday. In the Western Cornbelt the last
fully established market was last week with live sales from 124.00-125.00 and
dressed sales at 200.00. 

Negotiated sales:
Confirmed:    16,972    Week ago:              782    Year ago:          123,903
Wk to Date:   45,461    Week ago to Date:    2,152    Year ago to Date:  130,024

Negotiated, Formula and contract purchases delivered to packers today:
Today:        80,700    Week Ago:           80,000    Year Ago:           83,200
Wk to Date:  253,400    Week Ago to Date:  246,400    Year Ago to Date:  264,700

Negotiated, Formula and contract commitments today: (generally for slaughter
within 7 days)
Today:        72,600    Week Ago:           78,900    Year Ago:          205,100
Wk to Date:  251,500    Week Ago to Date:  197,500    Year Ago to Date:  350,700

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      121.00- 125.00avg 124.12   124.00- 125.50avg 125.32
65 - 80% Choice      121.00- 125.50avg 125.06   124.00- 125.50avg 125.39
35 - 65% Choice      124.00- 125.00avg 124.14         -       avg
0 - 35% Choice             -       avg                -       avg
Total all grades     121.00- 125.50avg 124.70   124.00- 125.50avg 125.36

Dressed basis              Steers                     Heifers
Over 80% Choice      198.00- 198.00avg 198.00   198.00- 198.00avg 198.00
65 - 80% Choice      194.00- 198.00avg 197.49   198.00- 198.00avg 198.00
35 - 65% Choice      194.00- 194.00avg 194.00   198.00- 198.00avg 198.00
0 - 35% Choice             -       avg                -       avg
Total all grades     194.00- 198.00avg 196.74   198.00- 198.00avg 198.00

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

Beef Type:                   Domestic:
Head count priced today:        25,800
Weighted avg weight:               847
Weighted avg net price:         202.94


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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