IA-MN Weekly Wtd Avg Direct Slaughter Cattle - Negotiated Sales

LM_CT167
St Joseph, MO    Mon May 7, 2012    USDA Market News

IOWA/MINNESOTA WEEKLY WEIGHTED AVERAGE CATTLE REPORT - NEGOTIATED PURCHASES
(Includes all transactions regardless of delivery day)
For Week Ending Sunday, 5/6/2012

Confirmed:       23,676      Last Week:     9,925        Last Year:    28,406

                           LIVE FOB BASIS - Beef Breeds
                         Head       Weight       Wtd Avg      Price    Wtd Avg
                         Count      Range        Weight       Range     Price
STEERS
 Over 80% Choice         3,028    1,190-1,500     1,391   120.00-125.00  122.09
 65 - 80% Choice         4,066    1,275-1,490     1,359   119.00-123.00  121.13
 35 - 65% Choice           534    1,300-1,350     1,335   120.00-121.00  120.85
  0 - 35% Choice                       -                        -
 Total all grades        7,628    1,190-1,500     1,370   119.00-125.00  121.49
HEIFERS
 Over 80% Choice           681    1,115-1,325     1,244   120.00-123.00  121.81
 65 - 80% Choice         2,599    1,200-1,440     1,259   116.00-122.00  119.79
 35 - 65% Choice           332    1,200-1,325     1,257   121.00-122.00  121.45
  0 - 35% Choice                       -                        -
 Total all grades        3,612    1,115-1,440     1,256   116.00-123.00  120.32

                      DRESSED DELIVERED BASIS - Beef Breeds
                         Head       Weight       Wtd Avg      Price    Wtd Avg
                         Count      Range        Weight       Range     Price
STEERS
 Over 80% Choice         1,381      850-913        891    190.00-195.00  193.67
 65 - 80% Choice         1,845      787-950        873    190.00-195.00  193.22
 35 - 65% Choice           162      853-950        878    192.00-195.00  192.78
  0 - 35% Choice                       -                        -
 Total all grades        3,388      787-950        881    190.00-195.00  193.38
HEIFERS
 Over 80% Choice           944      713-819        777    190.00-194.00  192.60
 65 - 80% Choice           723      725-950        814    190.00-195.00  192.12
 35 - 65% Choice                       -                        -
  0 - 35% Choice                       -                        -
 Total all grades        1,667      713-950        793    190.00-195.00  192.39

                        LIVE DELIVERED BASIS - Beef Breeds
                         Head       Weight       Wtd Avg      Price    Wtd Avg
                         Count      Range        Weight       Range     Price
STEERS
 Over 80% Choice           699    1,300-1,475     1,416   120.00-124.00  122.19
 65 - 80% Choice           172    1,350-1,375     1,370   124.00-124.00  124.00
 35 - 65% Choice                       -                        -
  0 - 35% Choice                       -                        -
 Total all grades          871    1,300-1,475     1,407   120.00-124.00  122.55
HEIFERS
 Over 80% Choice            57    1,250-1,275     1,262   120.00-122.00  120.95
 65 - 80% Choice                       -                        -
 35 - 65% Choice                       -                        -
  0 - 35% Choice                       -                        -
 Total all grades           57    1,250-1,275     1,262   120.00-122.00  120.95

                         DRESSED FOB BASIS - Beef Breeds
                         Head       Weight       Wtd Avg      Price    Wtd Avg
                         Count      Range        Weight       Range     Price
STEERS
 Over 80% Choice           870      816-945        903    190.00-193.25  191.98
 65 - 80% Choice                       -                        -
 35 - 65% Choice                       -                        -
  0 - 35% Choice                       -                        -
 Total all grades          870      816-945        903    190.00-193.25  191.98
HEIFERS
 Over 80% Choice           210      819-819        819    192.00-192.00  192.00
 65 - 80% Choice                       -                        -
 35 - 65% Choice                       -                        -
  0 - 35% Choice                       -                        -
 Total all grades          210      819-819        819    192.00-192.00  192.00


WEEKLY ACCUMULATED     Head Count    Avg Weight      Avg Price
  Live    Steer             7,628     1,369.90        $121.49
  Live    Heifer            3,612     1,255.80        $120.32
  Dressed Steer             3,388       880.80        $193.38
  Dressed Heifer            1,667       793.20        $192.39

SAME PERIOD LAST WEEK  Head Count    Avg Weight      Avg Price
  Live    Steer             2,335     1,374.50        $120.94
  Live    Heifer            1,421     1,235.30        $120.04
  Dressed Steer             2,409       865.50        $193.61
  Dressed Heifer              151       934.30        $194.00

SAME PERIOD LAST YEAR  Head Count    Avg Weight      Avg Price
  Live    Steer             6,883     1,326.70        $115.44
  Live    Heifer            2,201     1,214.20        $115.63
  Dressed Steer             7,384       843.50        $184.98
  Dressed Heifer            1,893       757.00        $185.19


WEEKLY PRICE DISTRIBUTION

Live FOB                                 Dressed Delivered
Head       Price                         Head       Price
460        116.00-116.49                 20         189.00-189.49
0          116.50-116.99                 0          189.50-189.99
0          117.00-117.49                 991        190.00-190.49
0          117.50-117.99                 0          190.50-190.99
45         118.00-118.49                 427        191.00-191.49
0          118.50-118.99                 41         191.50-191.99
1,063      119.00-119.49                 1,891      192.00-192.49
164        119.50-119.99                 0          192.50-192.99
2,642      120.00-120.49                 457        193.00-193.49
0          120.50-120.99                 0          193.50-193.99
3,297      121.00-121.49                 2,146      194.00-194.49
253        121.50-121.99                 0          194.50-194.99
2,980      122.00-122.49                 1,548      195.00-195.49
149        122.50-122.99
1,676      123.00-123.49
0          123.50-123.99
0          124.00-124.49
0          124.50-124.99
156        125.00-125.49


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

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