Slaughter Cattle Review - Morning

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LM_CT130
St. Joseph, MO    Fri, February 15, 2013    USDA Market News Service
******Due to the upcoming Presidents Holiday, LMR offices will be closed, and no
reports will be released on Monday, February 18, 2013, reports will resume on
February 19, 2013. ******

Morning National Slaughter Cattle Review for Thursday 2/14/13
Thursday afternoon trading in the Southern Plains and Nebraska was slow on light 
demand. Compared to Wednesday's last reported market live sales sold steady at 
123.00 in these regions. Dressed sales in Nebraska sold 4.00 lower at 196.00 when 
compared to last week. In Colorado and Iowa-Minnesota on Thursday afternoon saw 
trading limited on light demand. In Colorado live sales sold steady at 123.00 when 
compared to Wednesday. In Iowa-Minnesota live sales sold 2.00 to 5.00 lower 119.00
to 123.00 and dressed sales sold mostly 4.00 lower at 196.00 when compared to last 
week.

Negotiated sales:
Confirmed:    35,281    Week ago:            1,864    Year ago:            2,064
Wk to Date:   54,130    Week ago to Date:    5,619    Year ago to Date:    4,784

Negotiated, Formula and contract purchases delivered to packers today:
Today:        76,100    Week Ago:           80,400    Year Ago:           86,500
Wk to Date:  318,600    Week Ago to Date:  322,200    Year Ago to Date:  344,200

Negotiated, Formula and contract commitments today: (generally for slaughter
within 7 days)
Today:        60,100    Week Ago:           53,800    Year Ago:           47,700
Wk to Date:  287,200    Week Ago to Date:  247,400    Year Ago to Date:  268,500

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      123.00- 123.00avg 123.00   122.00- 123.00avg 122.51
65 - 80% Choice      119.00- 123.00avg 121.62   119.00- 123.00avg 121.33
35 - 65% Choice      122.00- 123.00avg 122.96   123.00- 123.00avg 123.00
0 - 35% Choice       123.00- 123.00avg 123.00         -       avg
Total all grades     119.00- 123.00avg 122.61   119.00- 123.00avg 122.23

Dressed basis              Steers                     Heifers
Over 80% Choice      194.00- 196.50avg 195.79   196.00- 196.00avg 196.00
65 - 80% Choice      194.00- 196.00avg 195.62   194.00- 196.00avg 195.20
35 - 65% Choice      194.00- 196.00avg 195.73   194.50- 196.00avg 195.43
0 - 35% Choice             -       avg                -       avg
Total all grades     194.00- 196.50avg 195.72   194.00- 196.00avg 195.47

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

Beef Type:                   Domestic:
Head count priced today:        18,900
Weighted avg weight:               830
Weighted avg net price:         197.00


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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