Slaughter Cattle Review - Morning

LM_CT130
St. Joseph, MO    Wed, May 02, 2012    USDA Market News Service

Morning National Slaughter Cattle Review for Tuesday, 5/1/2012

On Tuesday in the Texas Panhandle and Colorado trading was at a standstill. In
Kansas, Nebraska and the Western Cornbelt trading was mostly inactive on very
light demand. Not enough sales in these feeding regions for 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:     2,117    Week ago:            4,304    Year ago:          118,400
Wk to Date:    3,296    Week ago to Date:    5,503    Year ago to Date:  134,592

Negotiated, Formula and contract purchases delivered to packers today:
Today:        92,900    Week Ago:           91,400    Year Ago:           94,300
Wk to Date:  183,500    Week Ago to Date:  185,700    Year Ago to Date:  191,500

Negotiated, Formula and contract commitments today: (generally for slaughter
within 7 days)
Today:        94,200    Week Ago:           76,900    Year Ago:          230,700
Wk to Date:  183,700    Week Ago to Date:  169,600    Year Ago to Date:  319,100

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      120.00- 120.00avg 120.00         -       avg
65 - 80% Choice      120.00- 120.00avg 120.00   120.00- 120.00avg 120.00
35 - 65% Choice      120.00- 120.00avg 120.00         -       avg
0 - 35% Choice             -       avg                -       avg
Total all grades     120.00- 120.00avg 120.00   120.00- 120.00avg 120.00

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

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

Beef Type:                   Domestic:
Head count priced today:        33,400
Weighted avg weight:               817
Weighted avg net price:         196.16


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





.

1. UK beef study: Birth/weaning weight
2. Early preparation key to a good calving season
3. Oil gains moderately, trading sluggish ahead of Fed
4. House cafeterias to discontinue "Meatless Mondays"
5. Crude oil expected to peak and cost of electricity to go down
6. Ag markets mixed again Tuesday

1. 3,000 pounds of copper wire stolen from Oklahoma ranch
2. Will Smith dethroned in latest Peterson Farm Bros. parody
3. Changes in U.S.-Mexican cattle and beef trade
4. Experts weigh in on lowest beef supply in 60 years
5. Pasture and range conditions improve
6. Expert offers tips to reduce hay-drying time

1. COOL isn’t working
2. NIAA releases white paper on FMD preparedness
3. Feedyard margins a train wreck, packers cozy
4. Finding the comedy in ag-gag
5. Vilsack: A bill to grow local, regional markets
6. Expert offers tips to reduce hay-drying time