Slaughter Cattle Review - Afternoon

LM_CT131
St. Joseph, MO    Wed, April 11, 2012    USDA Market News Service

Afternoon National Slaughter Cattle Review as of 2:00 pm Wednesday

Trade was mostly inactive Wednesday morning on light to moderate demand in the
Southern Plains. Not enough sales for an adequate market test. The latest
established market was last week with live sales at 122.00. In Nebraska trade was
slow on light to moderate demand on Wednesday morning with early dressed sales from
192.00-193.00. Late afternoon dressed sales are now trading at 195.00. Last week in
Nebraska, live sales traded from 121.00-123.00. Trade was inactive on light demand
in Colorado. Last week live sales traded at 123.00. In the Western Cornbelt, trade
was slow on light to moderate demand on Wednesday morning. Not enough sales at any
one price level to establish a market. The latest established market was last week
with live sales from 121.00-122.00 with dressed sales from 192.00-194.00.


Negotiated sales:
Confirmed:       3,955            Week ago:   16,263          Year ago:      682
Week to Date:    7,596            Week ago:   52,161          Year ago:    3,849

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      122.00- 122.00avg 122.00      121.00- 121.50avg 121.41
65 - 80% Choice      120.00- 122.00avg 121.47      119.00- 119.00avg 119.00
35 - 65% Choice      119.00- 119.00avg 119.00      119.00- 119.00avg 119.00
0 - 35% Choice             -       avg                   -       avg
Total all grades     119.00- 122.00avg 120.66      119.00- 121.50avg 119.99

Dressed basis              Steers                        Heifers
Over 80% Choice      192.00- 193.00avg 192.12      192.00- 192.00avg 192.00
65 - 80% Choice      192.00- 193.00avg 192.29      192.00- 193.00avg 192.39
35 - 65% Choice      192.00- 192.00avg 192.00            -       avg
0 - 35% Choice             -       avg                   -       avg
Total all grades     192.00- 193.00avg 192.22      192.00- 193.00avg 192.31


Formula purchases: prices established thus far today for slaughtered 
cattle.

Beef Type:                   Domestic:
Head count priced today:        16,900
Weighted avg weight:               861
Weighted avg net price:         196.46

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_ct131.txt

1530c  staff





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