Advice and Tips

Slaughter Cattle Review - Morning

LM_CT130

St. Joseph, MO    Mon, July 07, 2014    USDA Market News Service



Morning National Slaughter Cattle Review for Thursday, 7/3/2014 through Holiday 

7/4/2014



On Thursday trading in the Southern Plains was inactive on very light demand. Not

enough sales for a market trend. The last reported market was on Wednesday with

live sales at 158.00. In the Northern Plains on Thursday trading was slow on good

demand. Not enough sales for a fully established market trend. The last reported 

market in these regions was on Wednesday. In Nebraska live sales sold from 158.00 

to 159.00, mostly at 159.00. Dressed sales sold at 250.00. In Colorado live sales

sold from 158.00 to 159.00. Thursday in the Western Cornbelt saw trading limited

on good demand. Not enough sales for a market trend. The last reported market was

on Wednesday with live sales from 155.00 to 158.00 and dressed sales from 248.00 

to 250.00.



Negotiated sales:

Confirmed:    20,275    Week ago:          108,355    Year ago:           67,335

Wk to Date:  113,391    Week ago to Date:  111,157    Year ago to Date:   87,542



Negotiated, Formula and contract purchases delivered to packers today:

Today:       102,600    Week Ago:          189,500    Year Ago:          195,200

Wk to Date:  354,700    Week Ago to Date:  448,800    Year Ago to Date:  402,400



Negotiated, Formula and contract commitments today: (generally for slaughter

within 7 days)

Today:       116,600    Week Ago:          244,500    Year Ago:          212,500

Wk to Date:  397,700    Week Ago to Date:  442,000    Year Ago to Date:  401,500



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      156.00-159.00 avg 158.37   156.50-159.00 avg 158.17

65 - 80% Choice      157.00-159.00 avg 158.44   157.00-159.00 avg 158.83

35 - 65% Choice      158.00-159.00 avg 158.87   159.00-159.00 avg 159.00

0 - 35% Choice             -       avg                -       avg

Total all grades     156.00-159.00 avg 158.47   156.50-159.00 avg 158.75



Dressed basis              Steers                     Heifers

Over 80% Choice      248.00-250.00 avg 249.45   248.00-250.00 avg 249.53

65 - 80% Choice      248.00-250.00 avg 249.37   250.00-250.00 avg 250.00

35 - 65% Choice      250.00-250.00 avg 250.00   250.00-250.00 avg 250.00

0 - 35% Choice             -       avg                -       avg

Total all grades     248.00-250.00 avg 249.41   248.00-250.00 avg 249.67



Formula purchases: prices established on previous reporting day for 

slaughtered cattle.



Beef Type:                   Domestic:

Head count priced today:        32,000

Weighted avg weight:               833

Weighted avg net price:         244.77



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_ct130.txt



1100c  staff











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