Slaughter Cattle Review - Afternoon

LM_CT131
St. Joseph, MO    Fri, May 04, 2012    USDA Market News Service

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

Thus far for Friday, negotiated cash trade and demand was moderate in the Texas 
Panhandle. Compared to last week, live sales traded 1.00 higher at 120.00. In Kansas 
trade was moderate to active on moderate to good demand. Compared to last week, live 
sales traded mostly steady at 120.00. In Nebraska trade was moderate on moderate to 
good demand. Compared to last week, dressed sales traded steady to firm from 192.00-
195.00 with the bulk of sales at 194.00. Compared to last week, live sales traded 
mostly 1.00 higher from 121.00-123.00. In Colorado trade was light on moderate to 
good demand with a few live sales at 123.00. In the Western Cornbelt, trade was 
moderate on moderate to good demand. Few early live sales traded from 121.00-123.00 
with dressed sales from 194.00-195.00.

Negotiated sales:
Confirmed:      21,356            Week ago:   16,367          Year ago:    5,506
Week to Date:   45,488            Week ago:   68,752          Year ago:  168,659

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      121.00- 123.00avg 122.40            -       avg
65 - 80% Choice      120.00- 123.00avg 120.35      120.00- 122.00avg 120.33
35 - 65% Choice      118.00- 121.00avg 120.04      119.00- 121.00avg 120.02
0 - 35% Choice             -       avg                   -       avg
Total all grades     118.00- 123.00avg 120.40      119.00- 122.00avg 120.18

Dressed basis              Steers                        Heifers
Over 80% Choice      192.00- 194.00avg 193.54      193.00- 194.00avg 193.87
65 - 80% Choice      192.00- 195.00avg 193.42      192.00- 195.00avg 193.18
35 - 65% Choice            -       avg             190.50- 192.00avg 191.37
0 - 35% Choice             -       avg                   -       avg
Total all grades     192.00- 195.00avg 193.46      190.50- 195.00avg 193.12


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

Beef Type:                   Domestic:
Head count priced today:         8,500
Weighted avg weight:               793
Weighted avg net price:         190.98

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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