Advice and Tips

Slaughter Cattle Review - Morning

LM_CT130

St. Joseph, MO    Thu, October 16, 2014    USDA Market News Service



Morning National Slaughter Cattle Review for Wednesday, 10/15/2014



On Wednesday negotiated cash trading and demand were moderate in the Texas Panhandle.

In Kansas trading was moderate to active on good demand. Compared to last week live

sales sold steady at 164.00 in the Southern Plains. In Nebraska and the Western

Cornbelt trading and demand were moderate on Wednesday. Compared to last week in

Nebraska live sales sold 1.00 lower at 164.00 with a few up at 165.00. Dressed sales

sold steady at 258.00. In the Western Cornbelt when compared to the prior week live 

and dressed sales sold steady from 163.00-164.00 and dressed at 258.00, a few live 

sales sold at 165.00. On Wednesday in Colorado a few available negotiated cash sales

sold at 165.00, which is steady with last week. However, not enough sales to fully

establish a marekt trend.



Negotiated sales:

Confirmed:    76,680    Week ago:              684    Year ago:            6,111

Wk to Date:   83,186    Week ago to Date:    2,476    Year ago to Date:    6,111



Negotiated, Formula and contract purchases delivered to packers today:

Today:        78,300    Week Ago:           81,900    Year Ago:           80,500

Wk to Date:  247,900    Week Ago to Date:  248,100    Year Ago to Date:   80,500



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

within 7 days)

Today:       118,100    Week Ago:           38,700    Year Ago:           87,100

Wk to Date:  269,800    Week Ago to Date:  219,000    Year Ago to Date:   87,100



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      161.00-164.50 avg 163.58   161.00-165.00 avg 164.09

65 - 80% Choice      162.50-165.00 avg 163.91   162.00-165.00 avg 163.97

35 - 65% Choice      162.00-165.00 avg 163.93   163.00-165.00 avg 163.94

0 - 35% Choice             -       avg                -       avg

Total all grades     161.00-165.00 avg 163.78   161.00-165.00 avg 163.99



Dressed basis              Steers                     Heifers

Over 80% Choice      255.00-259.00 avg 257.74   257.00-259.00 avg 257.88

65 - 80% Choice      255.00-258.00 avg 257.74   257.00-258.00 avg 257.81

35 - 65% Choice      256.00-258.00 avg 257.81   257.00-258.00 avg 257.90

0 - 35% Choice             -       avg                -       avg

Total all grades     255.00-259.00 avg 257.75   257.00-259.00 avg 257.87



Formula purchases: prices established on previous reporting day for 

slaughtered cattle.



Beef Type:                   Domestic:

Head count priced today:        26,200

Weighted avg weight:               863

Weighted avg net price:         258.64





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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