Slaughter Cattle Review - Morning

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LM_CT130
St. Joseph, MO    Thu, July 25, 2013    USDA Market News Service

Morning National Slaughter Cattle Review for Wednesday, 7/24/2013

On Wednesday in the Texas Panhandle trading was mostly inactive on very light demand.
Not enough sales for a market trend. Last week live sales sold at 119.00. In Kansas
trading and demand were light. Compared to last week live sales sold steady at 
119.00.
In Nebraska and the Western Cornbelt trading was limited on light demand. In Colorado
trading was at a standstill. Not enough sales in these regions for a market trend. 
Last week in Nebraska live sales sold mostly at 120.00 and dressed sales at 193.00.
In Colorado live sales sold at 120.50 for the prior week. In the Western Cornbelt 
live sales sold from 120.00-121.00 and dressed sales sold from 191.00-193.00 for the
previous week.


Negotiated sales:
Confirmed:    15,000    Week ago:            4,363    Year ago:            3,363
Wk to Date:   17,254    Week ago to Date:    6,396    Year ago to Date:    5,058

Negotiated, Formula and contract purchases delivered to packers today:
Today:        82,500    Week Ago:           84,200    Year Ago:           81,100
Wk to Date:  254,100    Week Ago to Date:  255,300    Year Ago to Date:  257,400

Negotiated, Formula and contract commitments today: (generally for slaughter
within 7 days)
Today:        90,200    Week Ago:           85,200    Year Ago:           77,100
Wk to Date:  242,700    Week Ago to Date:  248,300    Year Ago to Date:  231,500

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      120.00-120.50 avg 120.05         -       avg
65 - 80% Choice      119.00-120.25 avg 119.08   119.00-120.25 avg 119.29
35 - 65% Choice      118.00-119.00 avg 118.99   119.00-120.25 avg 119.40
0 - 35% Choice             -       avg          118.00-118.00 avg 118.00
Total all grades     118.00-120.50 avg 119.12   118.00-120.25 avg 119.35

Dressed basis              Steers                     Heifers
Over 80% Choice      191.00-191.00 avg 191.00         -       avg
65 - 80% Choice            -       avg          191.00-193.00 avg 191.67
35 - 65% Choice            -       avg                -       avg
0 - 35% Choice             -       avg                -       avg
Total all grades     191.00-191.00 avg 191.00   191.00-193.00 avg 191.67

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

Beef Type:                   Domestic:
Head count priced today:        50,400
Weighted avg weight:               843
Weighted avg net price:         189.95


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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