Slaughter Cattle Review - Morning

LM_CT130
St. Joseph, MO    Mon, April 09, 2012    USDA Market News Service

Morning National Slaughter Cattle Review for Friday, 4/6/2012

In the Southern Plains on Friday trading was inactive on very light demand. 
Not enough sales for a market trend. In the Texas Panhandle Tuesday was the 
last reported market with live sales at 122.00. A light test of lives sales 
sold from 122.00 to122.50 on Wednesday. In Kansas on Tuesday live sales sold
at 122.00. In the Northern Plains on Friday trading was mostly inactive on 
very light demand. Not enough sales for a market trend. Wednesday was the the
last reported market in Nebraska with live sales from 121.00 to 123.00 and 
dressed sales at 193.00 to 194.00. In Colorado on Tuesday a light test of live
sales sold at 123.00. Friday in the Western Cornbelt trading was very limited 
on very light demand. Not enough sales for a market trend. The last reported 
market was Wednesday with live sales from 120.50 to 122.25 and dressed sales 
from 192.00 to 194.00.

Negotiated sales:
Confirmed:     1,453    Week ago:            5,226    Year ago:            7,519
Wk to Date:   85,263    Week ago to Date:  124,339    Year ago to Date:  128,938

Negotiated, Formula and contract purchases delivered to packers today:
Today:        74,400    Week Ago:           74,100    Year Ago:           85,300
Wk to Date:  433,400    Week Ago to Date:  421,200    Year Ago to Date:  439,500

Negotiated, Formula and contract commitments today: (generally for slaughter
within 7 days)
Today:        44,700    Week Ago:           62,200    Year Ago:           50,900
Wk to Date:  395,200    Week Ago to Date:  441,100    Year Ago to Date:  412,700

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      124.00- 124.00avg 124.00         -       avg
65 - 80% Choice      124.25- 124.25avg 124.25   122.00- 123.00avg 122.33
35 - 65% Choice            -       avg                -       avg
0 - 35% Choice             -       avg                -       avg
Total all grades     124.00- 124.25avg 124.12   122.00- 123.00avg 122.33

Dressed basis              Steers                     Heifers
Over 80% Choice      193.00- 193.00avg 193.00         -       avg
65 - 80% Choice            -       avg                -       avg
35 - 65% Choice      194.00- 194.00avg 194.00         -       avg
0 - 35% Choice             -       avg                -       avg
Total all grades     193.00- 194.00avg 193.47         -       avg

Formula purchases: prices established on previous reporting day for 
slaughtered cattle.

Beef Type:                   Domestic:
Head count priced today:        26,100
Weighted avg weight:               836
Weighted avg net price:         197.38

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_ct130.txt

1100c  staff





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