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

LM_CT167
St Joseph, MO    Mon Jul 16, 2012    USDA Market News

IOWA/MINNESOTA WEEKLY WEIGHTED AVERAGE CATTLE REPORT - NEGOTIATED PURCHASES
(Includes all transactions regardless of delivery day)
For Week Ending Sunday, 7/15/2012

Confirmed:       25,319      Last Week:    28,907        Last Year:    10,992

                           LIVE FOB BASIS - Beef Breeds
                         Head       Weight       Wtd Avg      Price    Wtd Avg
                         Count      Range        Weight       Range     Price
STEERS
 Over 80% Choice         1,638    1,275-1,450     1,387   114.00-118.00  115.09
 65 - 80% Choice         3,435    1,350-1,475     1,418   113.00-115.00  113.92
 35 - 65% Choice                       -                        -
  0 - 35% Choice                       -                        -
 Total all grades        5,073    1,275-1,475     1,408   113.00-118.00  114.30
HEIFERS
 Over 80% Choice         1,246    1,200-1,266     1,229   113.50-116.00  114.47
 65 - 80% Choice           920    1,165-1,275     1,220   115.00-115.25  115.06
 35 - 65% Choice                       -                        -
  0 - 35% Choice                       -                        -
 Total all grades        2,166    1,165-1,275     1,225   113.50-116.00  114.72

                      DRESSED DELIVERED BASIS - Beef Breeds
                         Head       Weight       Wtd Avg      Price    Wtd Avg
                         Count      Range        Weight       Range     Price
STEERS
 Over 80% Choice         2,119      671-915        869    180.00-186.00  182.79
 65 - 80% Choice         3,396      793-944        889    180.00-184.00  181.43
 35 - 65% Choice           197      790-889        822    181.00-182.00  181.61
  0 - 35% Choice                       -                        -
 Total all grades        5,712      671-944        879    180.00-186.00  181.94
HEIFERS
 Over 80% Choice         1,494      703-839        778    182.00-186.00  183.53
 65 - 80% Choice         2,061      747-950        794    180.00-186.00  182.69
 35 - 65% Choice           431      756-950        902    182.00-183.00  182.75
  0 - 35% Choice                       -                        -
 Total all grades        3,986      703-950        800    180.00-186.00  183.01

                        LIVE DELIVERED BASIS - Beef Breeds
                         Head       Weight       Wtd Avg      Price    Wtd Avg
                         Count      Range        Weight       Range     Price
STEERS
 Over 80% Choice           853    1,350-1,500     1,406   114.00-118.00  115.98
 65 - 80% Choice            89    1,275-1,425     1,345   114.00-115.50  114.74
 35 - 65% Choice                       -                        -
  0 - 35% Choice                       -                        -
 Total all grades          942    1,275-1,500     1,400   114.00-118.00  115.86
HEIFERS
 Over 80% Choice           168    1,175-1,175     1,175   115.00-115.00  115.00
 65 - 80% Choice           232    1,175-1,225     1,209   114.00-115.50  114.93
 35 - 65% Choice                       -                        -
  0 - 35% Choice                       -                        -
 Total all grades          400    1,175-1,225     1,195   114.00-115.50  114.96

                         DRESSED FOB BASIS - Beef Breeds
                         Head       Weight       Wtd Avg      Price    Wtd Avg
                         Count      Range        Weight       Range     Price
STEERS
 Over 80% Choice           266      873-873        873    181.00-181.00  181.00
 65 - 80% Choice                       -                        -
 35 - 65% Choice                       -                        -
  0 - 35% Choice                       -                        -
 Total all grades          266      873-873        873    181.00-181.00  181.00
HEIFERS
 Over 80% Choice           583      752-832        795    181.00-183.00  182.01
 65 - 80% Choice                       -                        -
 35 - 65% Choice                       -                        -
  0 - 35% Choice                       -                        -
 Total all grades          583      752-832        795    181.00-183.00  182.01


WEEKLY ACCUMULATED     Head Count    Avg Weight      Avg Price
  Live    Steer             5,073     1,408.10        $114.30
  Live    Heifer            2,166     1,225.20        $114.72
  Dressed Steer             5,712       879.20        $181.94
  Dressed Heifer            3,986       799.60        $183.01

SAME PERIOD LAST WEEK  Head Count    Avg Weight      Avg Price
  Live    Steer             9,093     1,393.90        $117.39
  Live    Heifer            4,227     1,245.20        $117.09
  Dressed Steer             5,230       878.00        $187.07
  Dressed Heifer              967       856.10        $187.10

SAME PERIOD LAST YEAR  Head Count    Avg Weight      Avg Price
  Live    Steer             2,310     1,332.20        $112.24
  Live    Heifer              960     1,218.30        $112.13
  Dressed Steer             1,658       869.50        $179.57
  Dressed Heifer              368       748.80        $177.54


WEEKLY PRICE DISTRIBUTION

Live FOB                                 Dressed Delivered
Head       Price                         Head       Price
2,616      113.00-113.49                 943        180.00-180.49
200        113.50-113.99                 0          180.50-180.99
890        114.00-114.49                 1,952      181.00-181.49
0          114.50-114.99                 0          181.50-181.99
4,749      115.00-115.49                 5,807      182.00-182.49
86         115.50-115.99                 38         182.50-182.99
456        116.00-116.49                 2,344      183.00-183.49
0          116.50-116.99                 0          183.50-183.99
42         117.00-117.49                 614        184.00-184.49
0          117.50-117.99                 0          184.50-184.99
143        118.00-118.49                 76         185.00-185.49
                                         84         185.50-185.99
                                         684        186.00-186.49
Source:    USDA Market News Service, St. Joseph, MO
           816-238-0678    email:  stjoe.lgmn@usda.gov
           www.ams.usda.gov/LSMarketNews

1100C






.

1. U.S. cattle placements rise in April as feed costs subside
2. Beef bull management refresher
3. Beef research and resources update
4. Workshop to discuss nutrient application, management, stewardship
5. Help for flood affected farmers
6. Representative Lucas discusses new Farm Bill

1. New school lunch beef recipes win approval from kids, foodservice
2. Prices for corn and soybeans, five years from now
3. The relationship between retail gasoline prices and futures prices
4. Drier weather to give big boost to U.S. corn plantings
5. Domestic ethanol production starts to grow again
6. Agriculture is expected to remain strong in the coming decade

1. Insects. They’re what’s for dinner!
2. Tyson selects panel to monitor animal welfare program
3. World food supply depends on character, virtuous leadership
4. Commentary: Slanting the statistics
5. Buffet concerned about soil and starvation
6. Cold spring stunts upper Midwest hay crop