Slaughter Cattle Review - Afternoon

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LM_CT131
St. Joseph, MO    Thu, February 27, 2014    USDA Market News Service

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

Thus far for Thursday, negotiated cash trade was mostly inactive on light demand in 
the Southern Plains with light trade on light to moderate demand in the Northern 
Plains and Western Cornbelt. Not enough sales in any feeding region for an adequate 
market test. The latest established market was on Wednesday with live sales at 150.00 
in the Southern Plains. In Nebraska live sales sold mostly at 152.00 with dressed 
sales at 240.00. In Colorado live sales sold from 152.00-152.50. In the Western 
Cornbelt live sales sold mostly at 150.00 with dressed sales at 240.00.

Negotiated sales:
Confirmed:       8,231            Week ago:      256          Year ago:    5,906
Week to Date:  100,458            Week ago:    2,710          Year ago:    7,517

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      148.00-152.00 avg 149.71         -       avg
65 - 80% Choice      150.00-152.50 avg 151.18   152.50-152.50 avg 152.50
35 - 65% Choice      150.00-152.50 avg 152.26   150.00-152.50 avg 152.14
0 - 35% Choice             -       avg                -       avg
Total all grades     148.00-152.50 avg 151.23   150.00-152.50 avg 152.26

Dressed basis              Steers                     Heifers
Over 80% Choice      240.00-240.00 avg 240.00   240.00-240.00 avg 240.00
65 - 80% Choice      239.00-242.00 avg 240.10   238.00-240.00 avg 239.23
35 - 65% Choice      240.00-240.00 avg 240.00         -       avg
0 - 35% Choice             -       avg                -       avg
Total all grades     239.00-242.00 avg 240.06   238.00-240.00 avg 239.49


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

Beef Type:                   Domestic:
Head count priced today:        10,100
Weighted avg weight:               831
Weighted avg net price:         228.16

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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