Slaughter Cattle Review - Afternoon

LM_CT131
St. Joseph, MO    Fri, April 13, 2012    USDA Market News Service

Afternoon National Slaughter Cattle Review as of 2:00 pm Friday

Thus far for Friday, negotiated cash trade was light on light to moderate demand in 
the Southern Plains. Few live sales traded at 122.00 in the Texas Panhandle with a 
few sales at 122.50 in Kansas. Not enough sales in these regions for an adequate 
market test. For the week, in the Southern Plains the bulk of live sales traded at 
122.00. In the Northern Plains and Western Cornbelt trade was mostly inactive on 
light demand on Friday. The latest established market in Nebraska was on Wednesday 
with live sales from 122.00-123.50 with the bulk of dressed sales from 194.00-195. In 
Colorado on Wednesday live sales traded at 122.00. The latest established market in 
the Western Cornbelt was on Thursday with live sales from 122.00-124.00 with dressed 
sales from 196.00-200.00.

Negotiated sales:
Confirmed:       4,995            Week ago:    1,205          Year ago:   57,458
Week to Date:  113,789            Week ago:   85,015          Year ago:  107,567

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      125.00- 125.00avg 125.00      123.00- 125.00avg 124.34
65 - 80% Choice      124.00- 125.00avg 124.76            -       avg
35 - 65% Choice      122.00- 125.00avg 122.59      121.00- 123.00avg 122.12
0 - 35% Choice       122.00- 122.00avg 122.00            -       avg
Total all grades     122.00- 125.00avg 123.03      121.00- 125.00avg 122.80

Dressed basis              Steers                        Heifers
Over 80% Choice            -       avg                   -       avg
65 - 80% Choice            -       avg             200.00- 200.00avg 200.00
35 - 65% Choice      197.00- 201.00avg 200.23            -       avg
0 - 35% Choice             -       avg                   -       avg
Total all grades     197.00- 201.00avg 200.23      200.00- 200.00avg 200.00


Formula purchases: prices established thus far today for slaughtered 
cattle.

Beef Type:                   Domestic:
Head count priced today:        11,700
Weighted avg weight:               789
Weighted avg net price:         191.26

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_ct131.txt

1530c  staff





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