Advice and Tips

Slaughter Cattle Review - Morning

LM_CT130

St. Joseph, MO    Mon, October 27, 2014    USDA Market News Service



Morning National Slaughter Cattle Review for Friday, 10/24/2014



Friday in the Southern Plains trading was inactive on very light demand. Not enough 

sales for a market trend. The last reported market was on Thursday with a light test

of live sales at 170.00. On Friday in Nebraska and the Western Cornbelt trading was 

moderate on moderate to good demand. In Nebraska live sales sold steady at 170.00 

when compared to the last reported market on Thursday. Dressed sales sold 7.00 higher 

at 265.00 with a few at 266.00 when compared to last week. In the Western Cornbelt 

when compared to the last reported market on Thursday live sales sold 2.00 to 3.00 

higher at 170.00. Dressed sales compared to last week sold 6.00 to 7.00 higher from 

264.00 to 265.00. On Friday in Colorado trading was limited on light demand. Compared

to Thursday the last reported market a few live sales sold steady at 170.00.



Negotiated sales:

Confirmed:    37,239    Week ago:            3,824    Year ago:            6,804

Wk to Date:   89,683    Week ago to Date:  100,078    Year ago to Date:  126,175



Negotiated, Formula and contract purchases delivered to packers today:

Today:        82,600    Week Ago:           82,400    Year Ago:           93,200

Wk to Date:  398,200    Week Ago to Date:  398,500    Year Ago to Date:  421,500



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

within 7 days)

Today:       124,000    Week Ago:           80,400    Year Ago:           62,200

Wk to Date:  420,500    Week Ago to Date:  399,800    Year Ago to Date:  421,700



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      166.00-170.00 avg 168.31   167.00-170.00 avg 169.70

65 - 80% Choice      166.00-170.00 avg 169.64   169.00-170.50 avg 170.08

35 - 65% Choice            -       avg                -       avg

0 - 35% Choice             -       avg                -       avg

Total all grades     166.00-170.00 avg 169.01   167.00-170.50 avg 169.85



Dressed basis              Steers                     Heifers

Over 80% Choice      260.00-266.50 avg 265.19   264.00-265.00 avg 264.91

65 - 80% Choice      265.00-266.00 avg 265.14   263.00-265.00 avg 264.95

35 - 65% Choice      264.00-266.00 avg 265.60   265.00-265.00 avg 265.00

0 - 35% Choice             -       avg                -       avg

Total all grades     260.00-266.50 avg 265.26   263.00-265.00 avg 264.94



Formula purchases: prices established on previous reporting day for 

slaughtered cattle.



Beef Type:                   Domestic:

Head count priced today:        26,000

Weighted avg weight:               869

Weighted avg net price:         257.94





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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