Slaughter Cattle Review - Afternoon

LM_CT131
St. Joseph, MO    Tue, December 04, 2012    USDA Market News Service

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

So far for Tuesday trading has been inactive on very light demand in all major 
feeding regions. Not enough sales for a market trend. Last week in the Texas 
Panhandle live sales ranged from 126.00-128.00. In Kansas live sale sold at 125.00. 
In Nebraska live sales sold at 125.50 and dressed ranged from 199.00-202.00. In 
Colorado live sales sold at 125.50. In the Western Cornbelt live sale sold at 125.00 
and dressed sales ranged from 198.00-202.00.

Negotiated sales:
Confirmed:       1,004            Week ago:      290          Year ago:      422
Week to Date:    1,898            Week ago:    3,175          Year ago:      996

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

Dressed basis              Steers                        Heifers
Over 80% Choice            -       avg                   -       avg
65 - 80% Choice            -       avg                   -       avg
35 - 65% Choice            -       avg                   -       avg
0 - 35% Choice             -       avg                   -       avg
Total all grades           -       avg                   -       avg


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

Beef Type:                   Domestic:
Head count priced today:         27,700
Weighted avg weight:               854
Weighted avg net price:         200.49

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. Boxed beef run continues; feedlot inventories down less
2. Meat and poultry trends in the U.S.
3. Corn and soybean prices continue to retrace 2012 drought rally
4. Ag markets generally mixed to start this week
5. USDA announces Conservation Reserve Program sign-up
6. Survey reveals most Americans in favor of COOL

1. Ag markets were mixed to start the new week
2. U.S. cattle placements rise in April as feed costs subside
3. Schwieterman: Cattle futures end week with sharp losses
4. Insects. They’re what’s for dinner!
5. The relationship between retail gasoline prices and futures prices
6. New school lunch beef recipes win approval from kids, foodservice

1. Tyson selects panel to monitor animal welfare program
2. Buffet concerned about soil and starvation
3. 2014 Farm Bill: Are we near an agreement?
4. BeefTalk: How do we get the next generation to raise beef?
5. Farm bill and immigration reform action needed
6. Boxed beef hits record highs, cattle weak to lower