Slaughter Cattle Review - Morning

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LM_CT130
St. Joseph, MO    Mon, March 25, 2013    USDA Market News Service

Morning National Slaughter Cattle Review for Friday, 3/22/13

On Friday in the Texas Panhandle trading was limited on demand. Live sales sold 
steady at 125.00 compared to Thursday's last reported market.  In Kansas trading 
was slow on light demand. Live sales sold 2.00 lower at 125.00 when compared to 
last week. Friday saw trading limited on light demand in the Northern Plains and 
Western Cornbelt. Not enough sales to fully establish a market trend. On Wednesday
in the Northern Plains was the last reported live sales market. In Nebraska live 
sales ranged from 124.00-125.50. In Colorado live sales sold at 125.00. Last week 
dressed sales in Nebraska sold at 201.00. In the Western Cornbelt last week live 
sales sold from 124.00-125.00 and dressed sales sold at 200.00.

Negotiated sales:
Confirmed:    19,590    Week ago:           53,149    Year ago:            2,400
Wk to Date:   73,554    Week ago to Date:   77,254    Year ago to Date:  143,498

Negotiated, Formula and contract purchases delivered to packers today:
Today:        79,300    Week Ago:           79,000    Year Ago:           76,300
Wk to Date:  412,400    Week Ago to Date:  407,800    Year Ago to Date:  421,800

Negotiated, Formula and contract commitments today: (generally for slaughter
within 7 days)
Today:        66,700    Week Ago:          121,800    Year Ago:           44,100
Wk to Date:  372,000    Week Ago to Date:  374,700    Year Ago to Date:  449,800

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      123.50- 125.00avg 124.45   123.50- 125.00avg 124.53
65 - 80% Choice      123.50- 125.00avg 124.72   123.50- 125.00avg 124.32
35 - 65% Choice      124.50- 125.00avg 124.98   125.00- 125.00avg 125.00
0 - 35% Choice       125.00- 125.00avg 125.00         -       avg
Total all grades     123.50- 125.00avg 124.82   123.50- 125.00avg 124.62

Dressed basis              Steers                     Heifers
Over 80% Choice      198.00- 200.00avg 198.21   198.00- 198.50avg 198.03
65 - 80% Choice      196.00- 198.00avg 197.62   197.00- 198.00avg 197.82
35 - 65% Choice      198.00- 198.00avg 198.00   197.00- 197.00avg 197.00
0 - 35% Choice             -       avg                -       avg
Total all grades     196.00- 200.00avg 197.89   197.00- 198.50avg 197.87

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

Beef Type:                   Domestic:
Head count priced today:        17,800
Weighted avg weight:               819
Weighted avg net price:         198.59


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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