Slaughter Cattle Review - Morning

LM_CT130
St. Joseph, MO    Fri, March 30, 2012    USDA Market News Service

Morning National Slaughter Cattle Review for Thursday, 3/29/12

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Thursday negotiated cash trade in the Texas Panhandle was moderate on moderate to 
good demand. Compared to last week live sales sold 1.00 lower at 125.00. In Kansas 
and Nebraska trade and demand were moderate. In Kansas compared to the prior week 
live sales sold 1.00 lower at 125.00. In Nebraska a few live sales sold steady to 
1.00 higher compared to Wednesday at 127.00 and dressed sales compared to last week 
sold 1.00-2.00 lower at 202.00. In Colorado trade was inactive on light demand. Not 
enough sales to establish an adequate market trend. Wednesday live sales sold from 
126.50-127.00. In the Western Cornbelt trade and demand were moderate. Compared to 
last week live sales sold steady to 2.00 lower from 126.00-128.00 with dressed sales 
1.00 lower at 202.00.


Negotiated sales:
Confirmed:    86,539    Week ago:           11,074    Year ago:           15,773
Wk to Date:  119,113    Week ago to Date:  141,098    Year ago to Date:  180,220

Negotiated, Formula and contract purchases delivered to packers today:
Today:        77,300    Week Ago:           80,800    Year Ago:           87,800
Wk to Date:  347,100    Week Ago to Date:  345,500    Year Ago to Date:  359,700

Negotiated, Formula and contract commitments today: (generally for slaughter
within 7 days)
Today:       130,700    Week Ago:           55,000    Year Ago:           61,700
Wk to Date:  379,000    Week Ago to Date:  405,600    Year Ago to Date:  434,600

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      124.00- 129.00avg 126.73   125.00- 128.00avg 127.30
65 - 80% Choice      124.00- 128.00avg 126.02   124.00- 127.00avg 125.43
35 - 65% Choice      121.50- 127.00avg 125.08   121.50- 127.50avg 125.16
0 - 35% Choice       123.50- 123.50avg 123.50         -       avg
Total all grades     121.50- 129.00avg 125.41   121.50- 128.00avg 125.35

Dressed basis              Steers                     Heifers
Over 80% Choice      201.00- 204.00avg 202.22   201.00- 203.00avg 201.98
65 - 80% Choice      200.00- 204.00avg 202.13   200.00- 204.00avg 202.00
35 - 65% Choice      199.00- 204.00avg 202.39   199.00- 204.00avg 201.85
0 - 35% Choice             -       avg                -       avg
Total all grades     199.00- 204.00avg 202.19   199.00- 204.00avg 201.98

Formula purchases: prices established on previous reporting day for 
slaughtered cattle.

Beef Type:                   Domestic:
Head count priced today:        13,200
Weighted avg weight:               808
Weighted avg net price:         199.41

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_ct130.txt

1100c  staff





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