Slaughter Cattle Review - Afternoon

LM_CT131
St. Joseph, MO    Thu, April 12, 2012    USDA Market News Service

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

Thus far for Thursday trading in the Southern Plains has been very limited on very 
light demand. A few sales sold steady with the bulk of Wednesday at 122.00. In 
Nebraska and Iowa-Minnesota trading has been slow on light demand. In Nebraska a 
light test of dressed sales sold from 198.00 to 201.00, Wednesday's bulk sold from 
194.00 to 195.00. Live sales on Wednesday sold from 122.00 to 123.50. In Iowa-
Minnesota live sales sold mostly steady from 122.00 to 124.00 with a few up to 
127.00. Dressed sales sold 2.00 to 4.00 higher from 196.00 to 200.00. In Colorado 
trading and demand were mostly inactive. Wednesday saw live sales at 122.00.

Negotiated sales:
Confirmed:       8,753            Week ago:    9,242          Year ago:    8,557
Week to Date:  100,015            Week ago:   80,568          Year ago:   13,252

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- 125.00avg 123.54      122.00- 122.00avg 122.00
65 - 80% Choice      123.00- 127.00avg 125.87      123.50- 125.00avg 124.43
35 - 65% Choice      122.00- 122.00avg 122.00            -       avg
0 - 35% Choice             -       avg                   -       avg
Total all grades     122.00- 127.00avg 125.33      122.00- 125.00avg 123.79

Dressed basis              Steers                        Heifers
Over 80% Choice      196.00- 198.00avg 196.90      195.00- 198.00avg 196.60
65 - 80% Choice      194.00- 200.00avg 198.50      196.00- 200.00avg 198.79
35 - 65% Choice      200.00- 201.00avg 200.88      200.00- 201.00avg 200.88
0 - 35% Choice             -       avg                   -       avg
Total all grades     194.00- 201.00avg 199.09      195.00- 201.00avg 199.01


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

Beef Type:                   Domestic:
Head count priced today:        19,800
Weighted avg weight:               812
Weighted avg net price:         194.35

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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