Advice and Tips

Slaughter Cattle Review - Afternoon

LM_CT131

St. Joseph, MO    Fri, May 16, 2014    USDA Market News Service



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



   Trading is inactive in the Texas Panhandle Friday. Less than 1,500 head

traded on Thursday where scattered sales ranged from 144.00-146.00.  Trading and

demand has been light to moderate in Kansas Friday with live sales mostly 1.00

lower than last week at 145.00. Trading has been limited in Nebraska and Iowa-

Minnesota Friday. Not enough sales to establish a market today but a weaker

undertone has been noted on available sales, with several of those for delivery more

than two weeks out. The bulk of the trade there occurred Thursday with live sales

in Nebraska at 147.00-147.50, and dressed sales from 233.00-235.00, mostly 234.00.

In Iowa Thursday live sales were mostly 147.00-147.50, and dressed sales were

234.00-235.00. Trading is inactive in Colorado today but live sales Thursday

traded at mostly 147.00.





Negotiated sales:

Confirmed:      16,962            Week ago:   10,323          Year ago:   19,354

Week to Date:   84,771            Week ago:   25,354          Year ago:   55,176



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      145.00-147.00 avg 146.80   144.00-147.50 avg 145.94

65 - 80% Choice      145.00-148.00 avg 146.21   144.00-147.50 avg 145.94

35 - 65% Choice      144.00-145.00 avg 144.98   145.00-145.00 avg 145.00

0 - 35% Choice             -       avg                -       avg

Total all grades     144.00-148.00 avg 145.39   144.00-147.50 avg 145.36



Dressed basis              Steers                     Heifers

Over 80% Choice      229.00-234.00 avg 231.44   229.00-230.00 avg 229.18

65 - 80% Choice      230.00-235.00 avg 233.49   230.00-235.00 avg 232.96

35 - 65% Choice      232.00-235.00 avg 234.49   229.00-235.00 avg 231.94

0 - 35% Choice             -       avg                -       avg

Total all grades     229.00-235.00 avg 233.21   229.00-235.00 avg 232.19





Formula purchases: prices established thus far today for slaughtered 

cattle.



Beef Type:                   Domestic:

Head count priced today:        10,000

Weighted avg weight:               819

Weighted avg net price:         234.14



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)-676-7000 e-mail:  stjoe.lpgmn@ams.usda.gov

         www.ams.usda.gov/mnreports/lm_ct131.txt



1530c  staff











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