Slaughter Cattle Review - Afternoon

LM_CT131
St. Joseph, MO    Wed, May 02, 2012    USDA Market News Service

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

Thus far for Wednesday trading in the Southern Plains and Colorado has been at a 
standstill. In Nebraska and the Western Cornbelt trading has been limited on very 
light demand. Not enough sales to fully establish a market trend. Last week in the 
Texas Panhandle live sales sold at 119.00. In Kansas live sales sold mostly at 
120.00. In Nebraska live sales sold from 120.00-122.00 and dressed mostly at 194.00. 
In Colorado live sales sold from 120.00-121.00. In the Western Cornbelt live and 
dressed sales sold with a light test at 120.00 and 194.00, respectively.

Negotiated sales:
Confirmed:       4,193            Week ago:    2,220          Year ago:    7,230
Week to Date:    7,489            Week ago:    7,723          Year ago:  141,822

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            -       avg                   -       avg
65 - 80% Choice      119.00- 119.00avg 119.00      119.00- 119.00avg 119.00
35 - 65% Choice            -       avg                   -       avg
0 - 35% Choice             -       avg                   -       avg
Total all grades     119.00- 119.00avg 119.00      119.00- 119.00avg 119.00

Dressed basis              Steers                        Heifers
Over 80% Choice      190.00- 190.00avg 190.00      190.00- 190.00avg 190.00
65 - 80% Choice      188.00- 191.00avg 190.15      188.00- 191.00avg 189.97
35 - 65% Choice            -       avg                   -       avg
0 - 35% Choice             -       avg                   -       avg
Total all grades     188.00- 191.00avg 190.15      188.00- 191.00avg 189.97


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

Beef Type:                   Domestic:
Head count priced today:        25,000
Weighted avg weight:               839
Weighted avg net price:         193.95

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





.

1. Post-tornado composting a solution for disposal of dead livestock
2. Cornell genetic testing process cuts cost by up to 75 percent
3. Angus Foundation receives $28,500 from “The Card Challenge”
4. Commentary: In praise of animal foods
5. 100K Pathogen Genome Project maps first genomes
6. Beef exports depend on quality reputation

1. Michigan hay buyers should plan purchases early
2. New animal identification rules aid disease traceability
3. Seven jobs more dangerous than farming
4. Survey reveals most Americans in favor of COOL
5. Post-tornado composting a solution for disposal of dead livestock
6. Drought losses in Oklahoma top $400 million for 2012

1. Meat and climate change: How significant is the impact?
2. BeefTalk: How do we get the next generation to raise beef?
3. Commentary: GMOs: How do I hate thee?
4. Survey reveals most Americans in favor of COOL
5. Farm bill and immigration reform action needed
6. Boxed beef hits record highs, cattle weak to lower