Weekly Direct Slaughter Cattle - Formulated and Forward Contract - Import

LM_CT152
St. Joseph, MO    Mon, Jul 16, 2012    USDA Market News Service

NATIONAL WEEKLY DIRECT SLAUGHTER CATTLE REPORT - FORMULATED AND FORWARD CONTRACT
For Cattle Price During The Week Ending Sunday, 07/15/2012

                              IMPORTED CATTLE ONLY

                       Dressed:   Live:  Total:  Total Week Ago: Total Year Ago:
Formula Net:              2,967    none   2,967         1,938            728
Negotiated Grid Net:      1,234    none   1,234           912          1,605
Forward Contract Net:       652    none     652         1,331          2,088
--------------------------------------------------------------------------------
                          FORMULA NET:  Dressed Basis

                   Head    Wtd Avg     Weight     Avg        Price           Avg
                  Count  Dress Pct     Range       Wt        Range         Price
STEER
Over 80% Choice       57    64.1    898-898       898    184.22-184.22    184.22
65 - 80% Choice      782    63.6    833-949       863    182.58-189.95    185.01
35 - 65% Choice    1,249    63.7    805-921       864    182.21-188.24    184.89
 0 - 35% Choice      281    64.9    799-799       799    182.86-182.86    182.86
HEIFER
  No Reportable Trade.
MIXED STEER/HEIFER
Over 80% Choice                        -                       -
65 - 80% Choice       82    62.4    852-852       852    183.01-183.01    183.01
35 - 65% Choice       43    63.3    775-775       775    182.08-182.08    182.08
 0 - 35% Choice                        -                       -
ALL STEERS & HEIFERS
                   2,494    63.7    775-949       855    182.08-189.95    184.57
MIXED STEER/HEIFER/COW
  No Reportable Trade.
DAIRYBRED STEER/HEIFER
Over 80% Choice       41    60.4    853-853       853    172.04-172.04    172.04
65 - 80% Choice                        -                       -
35 - 65% Choice      432    62.3    856-856       856    180.67-180.67    180.67
 0 - 35% Choice                        -                       -
--------------------------------------------------------------------------------
                            FORMULA NET:  Live Basis
  No Reportable Trade.
--------------------------------------------------------------------------------
                      NEGOTIATED GRID NET:  Dressed Basis

                   Head    Wtd Avg     Weight     Avg        Price           Avg
                  Count  Dress Pct     Range       Wt        Range         Price
STEER
Over 80% Choice                        -                       -
65 - 80% Choice      669    63.7    858-902       883    182.00-186.00    182.51
35 - 65% Choice      335    63.9    896-937       920    185.00-186.00    185.76
 0 - 35% Choice                        -                       -
HEIFER
Over 80% Choice                        -                       -
65 - 80% Choice      230    65.2    807-868       842    182.00-186.00    183.69
35 - 65% Choice                        -                       -
 0 - 35% Choice                        -                       -
MIXED STEER/HEIFER
  No Reportable Trade.
ALL STEERS & HEIFERS
                   1,234    64.0    807-937       885    182.00-186.00    183.61
MIXED STEER/HEIFER/COW
  No Reportable Trade.
DAIRYBRED STEER/HEIFER
  No Reportable Trade.
--------------------------------------------------------------------------------
                        NEGOTIATED GRID NET:  Live Basis
  No Reportable Trade.
--------------------------------------------------------------------------------
                      FORWARD CONTRACT NET:  Dressed Basis

                   Head    Wtd Avg     Weight     Avg        Price           Avg
                  Count  Dress Pct     Range       Wt        Range         Price
STEER
Over 80% Choice       71    65.2    905-920       913    187.60-190.02    188.83
65 - 80% Choice      335    64.6    776-976       900    180.67-186.89    184.68
35 - 65% Choice       33    63.9    900-900       900    184.42-184.42    184.42
 0 - 35% Choice       37    67.5    783-783       783    173.45-173.45    173.45
HEIFER
Over 80% Choice                        -                       -
65 - 80% Choice       35    65.5    853-853       853    181.38-181.38    181.38
35 - 65% Choice                        -                       -
 0 - 35% Choice                        -                       -
MIXED STEER/HEIFER
Over 80% Choice                        -                       -
65 - 80% Choice                        -                       -
35 - 65% Choice      141    65.2    830-830       830    198.34-198.34    198.34
 0 - 35% Choice                        -                       -
ALL STEERS & HEIFERS
                     652    65.0    776-976       877    173.45-198.34    187.26
MIXED STEER/HEIFER/COW
  No Reportable Trade.
DAIRYBRED STEER/HEIFER
  No Reportable Trade.
--------------------------------------------------------------------------------
                       FORWARD CONTRACT NET:  Live Basis
  No Reportable Trade.
--------------------------------------------------------------------------------


Source:    USDA Market News Service, St. Joseph, MO
           816-238-0678  email:  stjoe.lgmn@usda.gov
           www.ams.usda.gov/LSMarketNews

1130C






.

1. Farm Bill progress
2. Feeder cattle review: Choice beef prices keep rolling higher
3. Ag markets diverge just before the long holiday weekend
4. Armyworms eat fescue pastures, hayfields
5. Commentary: New rules un-COOL
6. Oil edges up on book squaring, but posts big weekly drop

1. Commentary: New rules un-COOL
2. Former Eastern Livestock CEO, CFO sentenced for federal crimes
3. TSCRA works with sale barns to catch Houston cattle thief
4. More beef cows in worst drought regions than a year ago
5. NASA backs 3D food printer to feed growing population
6. Post-tornado composting a solution for disposal of dead livestock

1. Commentary: In praise of animal foods
2. What’s on America’s grill this weekend?
3. NASA backs 3D food printer to feed growing population
4. Meat industry associations quick to attack the new MCOOL rule
5. Commentary: New rules un-COOL
6. Commentary: Message to Occupy Monsanto: Occupy yourself