Slaughter Cattle Review - Morning

LM_CT130
St. Joseph, MO    Fri, May 11, 2012    USDA Market News Service

Morning National Slaughter Cattle Review for Thursday, 5/10/2012

Thursday in the Southern Plains trading was at a standstill. In the Northern Plains
and Western Cornbelt trading was very limited on light demand. Not enough sales for
a market trend. Last week in the Southern Plains live sales sold at 120.00. 
In Nebraska live sales ranged from 120.00-123.00 and dressed sales sold at 194.00. 
Live sales in Colorado sold from 121.00-123.00. In Iowa-Minnesota live sales ranged 
from 120.00-123.00 and dressed sales sold from 192.00-194.00.

Negotiated sales:
Confirmed:     6,244    Week ago:           10,809    Year ago:           85,605
Wk to Date:   10,435    Week ago to Date:   24,132    Year ago to Date:  106,428

Negotiated, Formula and contract purchases delivered to packers today:
Today:        88,100    Week Ago:           86,200    Year Ago:           86,100
Wk to Date:  356,000    Week Ago to Date:  355,100    Year Ago to Date:  362,800

Negotiated, Formula and contract commitments today: (generally for slaughter
within 7 days)
Today:        50,100    Week Ago:           52,700    Year Ago:          138,600
Wk to Date:  281,100    Week Ago to Date:  297,200    Year Ago to Date:  397,400

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 121.85   123.00- 123.00avg 123.00
65 - 80% Choice      118.00- 121.00avg 119.17   120.00- 120.00avg 120.00
35 - 65% Choice            -       avg                -       avg
0 - 35% Choice             -       avg                -       avg
Total all grades     118.00- 123.00avg 120.94   120.00- 123.00avg 120.75

Dressed basis              Steers                     Heifers
Over 80% Choice      194.50- 195.00avg 194.66         -       avg
65 - 80% Choice      188.00- 193.00avg 190.27   188.00- 190.00avg 189.57
35 - 65% Choice            -       avg          188.00- 188.00avg 188.00
0 - 35% Choice             -       avg                -       avg
Total all grades     188.00- 195.00avg 192.00   188.00- 190.00avg 189.29

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

Beef Type:                   Domestic:
Head count priced today:        12,400
Weighted avg weight:               805
Weighted avg net price:         190.33


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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