Slaughter Cattle Review - Morning

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LM_CT130
St. Joseph, MO    Thu, August 29, 2013    USDA Market News Service

Morning National Slaughter Cattle Review for Wednesday, 8/28/13

 Trading was inactive in all regions on light demand Wednesday. Not enough
sales for an adequate market test.  The latest established market in all
regions was last Friday with live sales in the Texas Panhandle and Kansas at
123.00. Nebraska and Colorado live sales were mostly 125.00, with dressed sales
in Nebraska mostly 197.00. In the Western Cornbelt, live sales traded from
124.00-125.00 with dressed sales at mostly 197.00.

Negotiated sales:
Confirmed:     1,280    Week ago:            1,971    Year ago:            3,514
Wk to Date:    3,135    Week ago to Date:    4,444    Year ago to Date:    9,133

Negotiated, Formula and contract purchases delivered to packers today:
Today:        80,700    Week Ago:           78,600    Year Ago:           84,400
Wk to Date:  246,200    Week Ago to Date:  244,000    Year Ago to Date:  263,500

Negotiated, Formula and contract commitments today: (generally for slaughter
within 7 days)
Today:        70,600    Week Ago:           73,700    Year Ago:           55,000
Wk to Date:  249,700    Week Ago to Date:  253,300    Year Ago to Date:  216,300

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      124.00-126.00 avg 124.78   124.00-126.00 avg 124.98
65 - 80% Choice            -       avg                -       avg
35 - 65% Choice      121.00-121.00 avg 121.00         -       avg
0 - 35% Choice             -       avg                -       avg
Total all grades     121.00-126.00 avg 124.28   124.00-126.00 avg 124.98

Dressed basis              Steers                     Heifers
Over 80% Choice            -       avg          196.00-196.00 avg 196.00
65 - 80% Choice            -       avg                -       avg
35 - 65% Choice            -       avg                -       avg
0 - 35% Choice             -       avg                -       avg
Total all grades           -       avg          196.00-196.00 avg 196.00

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

Beef Type:                   Domestic:
Head count priced today:        40,500
Weighted avg weight:               843
Weighted avg net price:         196.01

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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