Slaughter Cattle Review - Morning

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LM_CT130
St. Joseph, MO    Wed, September 11, 2013    USDA Market News Service

Morning National Slaughter Cattle Review for Tuesday, 9/10/13

On Tuesday negotiated cash trade was inactive on light demand in the Southern and 
Northern Plains with limited trade on light demand in the Western Cornbelt. Not 
enough sales in any region for an adequate market test. The latest established market 
was last week with live sales mostly at 123.00 in the Southern Plains and Nebraska. 
Last week in Nebraska dressed sales traded mostly at 194.00 with a few up to 195.00. 
In Colorado last week, live sales traded mostly at 124.00. In the Western Cornbelt 
for the previous week, live sales traded from 122.00-122.50 with dressed sales from 
193.00-195.00.


Negotiated sales:
Confirmed:     2,984    Week ago:              682    Year ago:            3,000
Wk to Date:    3,635    Week ago to Date:      682    Year ago to Date:    3,894

Negotiated, Formula and contract purchases delivered to packers today:
Today:        85,100    Week Ago:           88,000    Year Ago:           87,400
Wk to Date:  174,400    Week Ago to Date:   88,000    Year Ago to Date:  177,700

Negotiated, Formula and contract commitments today: (generally for slaughter
within 7 days)
Today:        67,600    Week Ago:          111,400    Year Ago:           96,400
Wk to Date:  170,100    Week Ago to Date:  111,400    Year Ago to Date:  156,700

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      121.50-121.50 avg 121.50         -       avg
65 - 80% Choice            -       avg                -       avg
35 - 65% Choice            -       avg                -       avg
0 - 35% Choice             -       avg                -       avg
Total all grades     121.50-121.50 avg 121.50         -       avg

Dressed basis              Steers                     Heifers
Over 80% Choice      194.00-194.00 avg 194.00         -       avg
65 - 80% Choice      193.00-193.00 avg 193.00   193.00-193.00 avg 193.00
35 - 65% Choice            -       avg                -       avg
0 - 35% Choice             -       avg                -       avg
Total all grades     193.00-194.00 avg 193.07   193.00-193.00 avg 193.00

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

Beef Type:                   Domestic:
Head count priced today:        45,300
Weighted avg weight:               851
Weighted avg net price:         196.50

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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