Direct Slaughter Cattle - Negotiated Purchases - Summary

LM_CT115
St Joseph, MO    Wed May 02, 2012    USDA Market News Service

NATIONAL DAILY DIRECT SLAUGHTER CATTLE - NEGOTIATED PURCHASES - Summary
Roundup for: Tuesday, 05/01/2012

On Tuesday in the Texas Panhandle and Colorado trading was at a standstill. In
Kansas, Nebraska and the Western Cornbelt trading was mostly inactive on very
light demand. Not enough sales in these feeding regions for a market trend.
Last week in the Texas Panhandle live sales sold at 119.00. In Kansas live sales
sold mostly at 120.00. In Nebraska live sales sold from 120.00-122.00 and dressed
mostly at 194.00. In Colorado live sales sold from 120.00-121.00. In the Western 
Cornbelt live and dressed sales sold with a light test at 120.00 and 194.00, 
respectively.

Domestic source only. Live sales based on net weights FOB the feedlot after a
3-4% shrink. Dressed sales based on hot carcass weights delivered to the plant.

NEGOTIATED CASH:
Confirmed:       2,117            Week ago:    4,304          Year ago:  118,400
Week to Date:    3,296            Week ago:    5,503          Year ago:  134,592

NEGOTIATED GRID BASE:
Confirmed:       1,894            Week ago:    2,717          Year ago:   21,818
Week to Date:    4,138            Week ago:    5,363          Year ago:   23,865


NEGOTIATED CASH SALES
(Includes all transactions regardless of delivery day)

                     Head    Wtd Avg    Avg Wt    Wtd Avg      Price     Wtd Avg
                    Count   Dress Pct    Range     Weight      Range      Price
STEER - LIVE - FOB
 Over 80% Choice      230     63.5   1,350-1,350  1,350.0  120.00-120.00  120.00
 65 - 80% Choice      416     63.4   1,150-1,375  1,354.0  119.00-120.00  119.90
 35 - 65% Choice      914     62.2   1,325-1,325  1,325.0  120.00-120.00  120.00
  0 - 35% Choice                          -                      -
 Total all grades   1,560     62.7   1,150-1,375  1,336.4  119.00-120.00  119.97
STEER - DRESSED - DELIVERED
 No Reportable Trade.
HEIFER - LIVE - FOB
 Over 80% Choice       88     63.2   1,125-1,200  1,161.6  121.00-121.75  121.37
 65 - 80% Choice      238     63.5   1,225-1,225  1,225.0  120.00-120.00  120.00
 35 - 65% Choice                          -                      -
  0 - 35% Choice                          -                      -
 Total all grades     326     63.4   1,125-1,225  1,207.9  120.00-121.75  120.37
HEIFER - DRESSED - DELIVERED
 Over 80% Choice       43     63.5     750-750      750.0  190.00-190.00  190.00
 65 - 80% Choice                          -                      -
 35 - 65% Choice                          -                      -
  0 - 35% Choice                          -                      -
 Total all grades      43     63.5     750-750      750.0  190.00-190.00  190.00
MIXED STEER/HEIFER 
 No Reportable Trade.
ALL BEEF TYPE STEERS AND HEIFERS - LIVE - FOB
 Total all grades   1,886     62.8   1,125-1,375  1,314.2  119.00-121.75  120.04
ALL BEEF TYPE STEERS AND HEIFERS - DRESSED - DELIVERED
 Total all grades      43     63.5     750-750      750.0  190.00-190.00  190.00
DAIRYBRED STEER/HEIFER - LIVE - FOB
 No Reportable Trade.
DAIRYBRED STEER/HEIFER - DRESSED - DELIVERED
 Over 80% Choice       60     62.0     791-870      819.9  186.00-187.00  186.33
 65 - 80% Choice                          -                      -
 35 - 65% Choice                          -                      -
  0 - 35% Choice                          -                      -
 Total all grades      60     62.0     791-870      819.9  186.00-187.00  186.33
MIXED STEER/HEIFER/COW 
 No Reportable Trade.

NEGOTIATED GRID BASE PRICE SALES: FINAL NET PRICES TO BE DETERMINED LATER AND
SHOWN ON THE LM_CT109 FORMULATED PURCHASES REPORT
(Includes all transactions regardless of delivery day)

                     Head    Wtd Avg    Avg Wt    Wtd Avg      Price     Wtd Avg
                    Count   Dress Pct    Range     Weight      Range      Price
STEER - LIVE - FOB
 Over 80% Choice      149     63.5   1,225-1,225  1,225.0  122.50-122.50  122.50
 65 - 80% Choice                          -                      -
 35 - 65% Choice                          -                      -
  0 - 35% Choice                          -                      -
 Total all grades     149     63.5   1,225-1,225  1,225.0  122.50-122.50  122.50
STEER - DRESSED - DELIVERED
 Over 80% Choice       80     62.6     765-800      782.8  196.00-196.00  196.00
 65 - 80% Choice       88     62.7     787-806      792.8  195.00-197.00  195.91
 35 - 65% Choice                          -                      -
  0 - 35% Choice       21     62.0     775-775      775.0  195.00-195.00  195.00
 Total all grades     189     62.6     765-806      786.6  195.00-197.00  195.85
HEIFER - LIVE - FOB
 No Reportable Trade.
HEIFER - DRESSED - DELIVERED
 Over 80% Choice       44     61.4     722-722      722.6  200.00-200.00  200.00
 65 - 80% Choice       45     63.5     809-809      809.6  193.00-193.00  193.00
 35 - 65% Choice                          -                      -
  0 - 35% Choice                          -                      -
 Total all grades      89     62.5     722-809      766.6  193.00-200.00  196.46
MIXED STEER/HEIFER - LIVE - FOB
 No Reportable Trade.
MIXED STEER/HEIFER - DRESSED - DELIVERED
 Over 80% Choice      354     62.5     740-850      788.2  190.00-196.00  193.03
 65 - 80% Choice      376     61.9     666-784      764.6  189.00-198.00  193.38
 35 - 65% Choice      125     61.5     718-843      783.5  190.00-198.00  193.76
  0 - 35% Choice                          -                      -
 Total all grades     855     62.1     666-850      777.1  189.00-198.00  193.29
ALL BEEF TYPE STEERS AND HEIFERS - LIVE - FOB
 Total all grades     149     63.5   1,225-1,225  1,225.0  122.50-122.50  122.50
ALL BEEF TYPE STEERS AND HEIFERS - DRESSED - DELIVERED
 Total all grades   1,133     62.2     666-850      777.9  189.00-200.00  193.97
DAIRYBRED STEER/HEIFER - LIVE - FOB
 No Reportable Trade.
DAIRYBRED STEER/HEIFER - DRESSED - DELIVERED
 Over 80% Choice      374     59.8     775-808      776.1  185.00-186.00  185.97
 65 - 80% Choice      220     60.2     775-825      819.8  186.00-191.00  188.38
 35 - 65% Choice                          -                      -
  0 - 35% Choice                          -                      -
 Total all grades     594     59.9     775-825      792.3  185.00-191.00  186.86
MIXED STEER/HEIFER/COW - LIVE - FOB
 No Reportable Trade.
MIXED STEER/HEIFER/COW - DRESSED - DELIVERED
 Over 80% Choice       18     61.4     829-829      829.2  195.00-195.00  195.00
 65 - 80% Choice                          -                      -
 35 - 65% Choice                          -                      -
  0 - 35% Choice                          -                      -
 Total all grades      18     61.4     829-829      829.2  195.00-195.00  195.00

NATIONAL - All States

Source:    USDA Market News Service, St. Joseph, MO
           816-238-0678      email:  stjoe.lgmn@usda.gov
           http://www.ams.usda.gov/LSMarketNews
1130C







.

1. U.S. electricity prices grows 1.1% in 2013
2. Consider oats as a double crop after wheat
3. Jolley: What is to become of beef?
4. Ag markets moved generally higher Wednesday
5. U.S. coal prices steadily increase value
6. Angus breeders honored by the Beef Improvement Federation

1. Will Smith dethroned in latest Peterson Farm Bros. parody
2. 3,000 pounds of copper wire stolen from Oklahoma ranch
3. Changes in U.S.-Mexican cattle and beef trade
4. Crude oil expected to peak and cost of electricity to go down
5. Peterson Brothers: What summer vacation?
6. 2100: 11 billion mouths to feed

1. COOL isn’t working
2. Feedyard margins a train wreck, packers cozy
3. Canadian CJD cases are “classical" form
4. Jolley: What is to become of beef?
5. Will Smith dethroned in latest Peterson Farm Bros. parody
6. New ads emphasize agriculture’s role in economic recovery