Slaughter Cattle Review - Morning

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LM_CT130
St. Joseph, MO    Mon, July 29, 2013    USDA Market News Service

Morning National Slaughter Cattle Review for Friday, 7/26/2013

Friday trading in the Southern Plains was limited on light demand. Not enough sales 
for a market trend. The last reported market was on Thursday with live sales at 
119.00. In Nebraska trading has been moderate with good demand. Compared to last week 
live sales sold 1.00 to 2.00 higher from 121.00 to 122.00 and dressed sales sold 2.00 
higher at 195.00. In Colorado trading was inactive on very light demand. Not enough 
sales for a market trend. The last reported market was Thursday with live sales at 
120.50. In the Western Cornbelt trading has been moderate with good demand. Compared 
to last week live sales sold steady to 1.00 higher from 120.00 to 122.00. Dressed 
sales sold 2.00 higher from 193.00 to 195.00.

Negotiated sales:
Confirmed:    61,929    Week ago:           84,897    Year ago:           28,724
Wk to Date:   98,170    Week ago to Date:   94,201    Year ago to Date:  110,508

Negotiated, Formula and contract purchases delivered to packers today:
Today:       108,700    Week Ago:          111,500    Year Ago:           83,200
Wk to Date:  442,200    Week Ago to Date:  450,500    Year Ago to Date:  420,900

Negotiated, Formula and contract commitments today: (generally for slaughter
within 7 days)
Today:       197,100    Week Ago:          183,300    Year Ago:           91,000
Wk to Date:  499,200    Week Ago to Date:  477,800    Year Ago to Date:  433,600

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      121.00-123.50 avg 121.42   121.00-123.00 avg 121.73
65 - 80% Choice      119.00-123.00 avg 121.39   121.00-122.00 avg 121.45
35 - 65% Choice      120.00-122.00 avg 121.73   122.00-122.00 avg 122.00
0 - 35% Choice             -       avg                -       avg
Total all grades     119.00-123.50 avg 121.42   121.00-123.00 avg 121.60

Dressed basis              Steers                     Heifers
Over 80% Choice      192.00-195.00 avg 194.55   192.00-195.00 avg 194.37
65 - 80% Choice      192.00-195.00 avg 194.41   193.00-195.00 avg 194.57
35 - 65% Choice      193.00-195.00 avg 194.18   194.00-195.00 avg 194.46
0 - 35% Choice             -       avg                -       avg
Total all grades     192.00-195.00 avg 194.43   192.00-195.00 avg 194.47

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

Beef Type:                   Domestic:
Head count priced today:        26,800
Weighted avg weight:               824
Weighted avg net price:         187.47


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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