Slaughter Cattle Review - Morning

LM_CT130
St. Joseph, MO    Thu, December 13, 2012    USDA Market News Service

Morning National Slaughter Cattle Review for Wednesday, 12/12/12

On Wednesday, negotiated cash trade was mostly inactive in major feeding regions.  
Not enough sales to establish an adequate market trend.  The last established market 
was last week.  In the Southern Plains live sales sold at 124.00.   The previous 
week, in Nebraska live sales sold from 123.00-124.00.  Dressed sales sold at 197.00, 
with a few at 198.00.  In Colorado, live sales sold from 123.00 to 123.50.  The prior 
week, in the Western Cornbelt, live sales sold from 123.00 to 124.00.  Dressed sales 
sold from 196.00 to 198.00.  


Negotiated sales:
Confirmed:     1,161    Week ago:            1,222    Year ago:            2,302
Wk to Date:    4,676    Week ago to Date:    4,855    Year ago to Date:    9,620

Negotiated, Formula and contract purchases delivered to packers today:
Today:        78,000    Week Ago:           84,600    Year Ago:           75,200
Wk to Date:  255,300    Week Ago to Date:  252,600    Year Ago to Date:  241,300

Negotiated, Formula and contract commitments today: (generally for slaughter
within 7 days)
Today:        67,200    Week Ago:           71,400    Year Ago:           56,800
Wk to Date:  265,000    Week Ago to Date:  240,500    Year Ago to Date:  161,500

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            -       avg                -       avg
65 - 80% Choice            -       avg          122.50- 122.50avg 122.50
35 - 65% Choice            -       avg                -       avg
0 - 35% Choice             -       avg                -       avg
Total all grades           -       avg          122.50- 122.50avg 122.50

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

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

Beef Type:                   Domestic:
Head count priced today:        49,900
Weighted avg weight:               874
Weighted avg net price:         199.54


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





.

1. UK beef study: Birth/weaning weight
2. Early preparation key to a good calving season
3. Oil gains moderately, trading sluggish ahead of Fed
4. House cafeterias to discontinue "Meatless Mondays"
5. Crude oil expected to peak and cost of electricity to go down
6. Ag markets mixed again Tuesday

1. 3,000 pounds of copper wire stolen from Oklahoma ranch
2. Will Smith dethroned in latest Peterson Farm Bros. parody
3. Changes in U.S.-Mexican cattle and beef trade
4. Experts weigh in on lowest beef supply in 60 years
5. Peterson Brothers: What summer vacation?
6. Pasture and range conditions improve

1. COOL isn’t working
2. NIAA releases white paper on FMD preparedness
3. Feedyard margins a train wreck, packers cozy
4. Finding the comedy in ag-gag
5. Vilsack: A bill to grow local, regional markets
6. Expert offers tips to reduce hay-drying time