Slaughter Cattle Review - Morning

LM_CT130
St. Joseph, MO    Fri, March 01, 2013    USDA Market News Service

Morning National Slaughter Cattle Review for Thursday, 2/28/13

Negotiated cash trade was moderate on moderate demand in all major feeding regions.  
Compared to last week, in the Texas Panhandle, live sale sold 5.00 higher at 128.00.  
In Kansas Compared to last week, live sale sold 2.00 to 4.00 higher from 127.00 to 
129.00, the bulk trading at 128.00.  In Nebraska, compared to last week, live sales 
sold 4.00 higher from 127.00 to 129.00, the bulk of the trade at 128.00.  Dressed 
sales sold 5.00 to 6.00 higher from 203.00 to 204.00, bulk of the trade at 204.00.  
In Colorado, compared to last week, live sales sold 6.00 higher at 129.00, with some 
dressed sales at 205.00.  In the Western Cornbelt, compared to last week, live sales 
sold 3.00 to 4.00 higher from 126.00 to 128.00.  Dressed sales sold 6.00 to 7.00 
higher from 202.00 to 204.00, with the bulk of the trade from 202.00 to 203.00.  


Negotiated sales:
Confirmed:   112,732    Week ago:           19,618    Year ago:           78,121
Wk to Date:  114,343    Week ago to Date:   40,657    Year ago to Date:   92,952

Negotiated, Formula and contract purchases delivered to packers today:
Today:        73,000    Week Ago:           58,200    Year Ago:           82,900
Wk to Date:  295,300    Week Ago to Date:  295,600    Year Ago to Date:  343,900

Negotiated, Formula and contract commitments today: (generally for slaughter
within 7 days)
Today:       167,700    Week Ago:           57,400    Year Ago:          154,800
Wk to Date:  351,400    Week Ago to Date:  263,100    Year Ago to Date:  379,800

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      126.00- 129.00avg 127.68   124.00- 129.00avg 127.45
65 - 80% Choice      124.00- 129.00avg 127.70   125.50- 129.00avg 127.83
35 - 65% Choice      126.50- 129.00avg 128.04   126.00- 129.00avg 127.87
0 - 35% Choice             -       avg                -       avg
Total all grades     124.00- 129.00avg 127.86   124.00- 129.00avg 127.75

Dressed basis              Steers                     Heifers
Over 80% Choice      200.00- 206.00avg 203.39   200.00- 205.00avg 203.63
65 - 80% Choice      201.00- 205.00avg 203.24   202.00- 205.00avg 203.02
35 - 65% Choice      202.00- 204.00avg 203.39   202.00- 204.00avg 203.33
0 - 35% Choice       203.50- 203.50avg 203.50         -       avg
Total all grades     200.00- 206.00avg 203.30   200.00- 205.00avg 203.36

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

Beef Type:                   Domestic:
Head count priced today:        19,000
Weighted avg weight:               850
Weighted avg net price:         195.65


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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