Slaughter Cattle Review - Morning

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LM_CT130
St. Joseph, MO    Wed, August 20, 2014    USDA Market News Service

Morning National Slaughter Cattle Review for Tuesday, 8/19/2014

On Tuesday in the Southern Plains trading was at a standstill. In the Northern Plains
trading was mostly inactive and in the Western Cornbelt traidng was very limited with
very light demand in both regions. Not enough sales for a market trend. Last week in 
the Texas Panhandle live sales sold at 155.00 on a very light test. In Kansas live 
sales sold at 155.00. For the prior week in Nebraska live sales sold mostly from 
154.00-156.00 and dressed sales sold mostly from 244.00-245.00. In Colorado live 
sales sold at 157.00 on a very light test. For the previous weekin the Western 
Cornbelt live sales sold from 154.00-155.00 and dressed sales sold mostly at 240.00.

Negotiated sales:
Confirmed:     2,915    Week ago:           20,770    Year ago:            1,562
Wk to Date:    3,201    Week ago to Date:   22,448    Year ago to Date:    2,473

Negotiated, Formula and contract purchases delivered to packers today:
Today:        83,600    Week Ago:           87,100    Year Ago:           79,500
Wk to Date:  164,100    Week Ago to Date:  164,900    Year Ago to Date:  165,400

Negotiated, Formula and contract commitments today: (generally for slaughter
within 7 days)
Today:        64,900    Week Ago:           81,000    Year Ago:           88,800
Wk to Date:  153,000    Week Ago to Date:  177,600    Year Ago to Date:  179,600

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      153.00-153.00 avg 153.00         -       avg
65 - 80% Choice      153.00-153.00 avg 153.00   155.00-155.00 avg 155.00
35 - 65% Choice      155.00-155.00 avg 155.00   153.00-153.00 avg 153.00
0 - 35% Choice             -       avg                -       avg
Total all grades     153.00-155.00 avg 153.92   153.00-155.00 avg 154.20

Dressed basis              Steers                     Heifers
Over 80% Choice            -       avg          243.00-243.00 avg 243.00
65 - 80% Choice            -       avg                -       avg
35 - 65% Choice            -       avg                -       avg
0 - 35% Choice             -       avg                -       avg
Total all grades           -       avg          243.00-243.00 avg 243.00

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

Beef Type:                   Domestic:
Head count priced today:        36,300
Weighted avg weight:               867
Weighted avg net price:         252.72

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)-676-7000 e-mail:  stjoe.lpgmn@ams.usda.gov
         www.ams.usda.gov/mnreports/lm_ct130.txt

1100c  staff





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