Slaughter Cattle Review - Afternoon

LM_CT131
St. Joseph, MO    Thu, May 31, 2012    USDA Market News Service

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

Thus far for Thursday, negotiated cash trade was moderate on moderate to good demand 
in Nebraska. Compared to last week, dressed sales are steady to 1.00 higher from 
194.00-195.00. Few early live sales trade at 121.00, however not enough sales for an 
adequate market test. Last week the bulk of live sales traded at 123.00. Trade and 
demand was light to moderate in the Western Cornbelt with a few dressed sales at 
195.00. Trade was mostly inactive on light demand in the Southern Plains and 
Colorado. The latest established market in the Southern Plains was last week, with 
live sales at 121.00. In Colorado last week, live sales traded from 120.50-122.00 on 
a light test.

Negotiated sales:
Confirmed:      13,097            Week ago:   15,246          Year ago:    7,187
Week to Date:   17,435            Week ago:   69,430          Year ago:  141,420

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      122.00- 124.00avg 122.36      122.00- 122.00avg 122.00
65 - 80% Choice      121.00- 122.00avg 121.71      121.00- 121.00avg 121.00
35 - 65% Choice      121.00- 121.00avg 121.00            -       avg
0 - 35% Choice             -       avg                   -       avg
Total all grades     121.00- 124.00avg 121.29      121.00- 122.00avg 121.22

Dressed basis              Steers                        Heifers
Over 80% Choice      193.00- 195.00avg 194.51      195.00- 195.00avg 195.00
65 - 80% Choice      193.00- 195.00avg 194.95      193.00- 195.00avg 194.33
35 - 65% Choice      194.00- 195.00avg 194.87      194.00- 195.00avg 194.78
0 - 35% Choice             -       avg                   -       avg
Total all grades     193.00- 195.00avg 194.73      193.00- 195.00avg 194.57


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

Beef Type:                   Domestic:
Head count priced today:        15,800
Weighted avg weight:               854
Weighted avg net price:         195.20

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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