Direct Slaughter Cattle - Negotiated Purchases - Morning

LM_CT113
St Joseph, MO    Thu May 31, 2012    USDA Market News Service

NATIONAL DAILY DIRECT SLAUGHTER CATTLE - NEGOTIATED PURCHASES - Morning
Primarily trade from previous afternoon

Domestic source only. Live sales based on net weights FOB the feedlot after a
3-4% shrink. Dressed sales based on hot carcass weights delivered to the plant.

NEGOTIATED CASH:
Confirmed:       1,190            Week ago:   10,633          Year ago:   40,080
Week to Date:    4,338            Week ago:   54,184          Year ago:  134,233

NEGOTIATED GRID BASE:
Confirmed:       1,913            Week ago:    2,520          Year ago:   10,049
Week to Date:    6,036            Week ago:   16,373          Year ago:   18,546


NEGOTIATED CASH SALES
(Includes all transactions regardless of delivery day)

                     Head    Wtd Avg    Avg Wt    Wtd Avg      Price     Wtd Avg
                    Count   Dress Pct    Range     Weight      Range      Price
STEER - LIVE - FOB
 Over 80% Choice      141     64.3   1,350-1,400  1,373.4  120.00-123.00  121.60
 65 - 80% Choice                          -                      -
 35 - 65% Choice                          -                      -
  0 - 35% Choice                          -                      -
 Total all grades     141     64.3   1,350-1,400  1,373.4  120.00-123.00  121.60
STEER - DRESSED - DELIVERED
 Over 80% Choice       62     62.9     850-850      850.6  190.00-191.00  190.39
 65 - 80% Choice      201     64.0     880-896      891.5  192.00-192.00  192.00
 35 - 65% Choice                          -                      -
  0 - 35% Choice                          -                      -
 Total all grades     263     63.7     850-896      881.9  190.00-192.00  191.62
HEIFER - LIVE - FOB
 Over 80% Choice       74     64.3   1,200-1,250  1,224.3  123.00-123.00  123.00
 65 - 80% Choice                          -                      -
 35 - 65% Choice                          -                      -
  0 - 35% Choice                          -                      -
 Total all grades      74     64.3   1,200-1,250  1,224.3  123.00-123.00  123.00
HEIFER - DRESSED - DELIVERED
 Over 80% Choice                          -                      -
 65 - 80% Choice       76     63.0     724-724      724.5  190.00-190.00  190.00
 35 - 65% Choice                          -                      -
  0 - 35% Choice                          -                      -
 Total all grades      76     63.0     724-724      724.5  190.00-190.00  190.00
MIXED STEER/HEIFER - LIVE - FOB
 Over 80% Choice                          -                      -
 65 - 80% Choice       40     64.5   1,275-1,275  1,275.0  121.50-121.50  121.50
 35 - 65% Choice                          -                      -
  0 - 35% Choice                          -                      -
 Total all grades      40     64.5   1,275-1,275  1,275.0  121.50-121.50  121.50
MIXED STEER/HEIFER - DRESSED - DELIVERED
 Over 80% Choice                          -                      -
 65 - 80% Choice       34     63.0     787-787      787.0  192.00-192.00  192.00
 35 - 65% Choice                          -                      -
  0 - 35% Choice                          -                      -
 Total all grades      34     63.0     787-787      787.0  192.00-192.00  192.00
ALL BEEF TYPE STEERS AND HEIFERS - LIVE - FOB
 Total all grades     255     64.3   1,200-1,400  1,314.7  120.00-123.00  121.99
ALL BEEF TYPE STEERS AND HEIFERS - DRESSED - DELIVERED
 Total all grades     373     63.5     724-896      841.2  190.00-192.00  191.32
DAIRYBRED STEER/HEIFER - LIVE - FOB
 No Reportable Trade.
DAIRYBRED STEER/HEIFER - DRESSED - DELIVERED
 Over 80% Choice       96     62.0     732-983      824.0  188.00-193.00  190.49
 65 - 80% Choice                          -                      -
 35 - 65% Choice                          -                      -
  0 - 35% Choice                          -                      -
 Total all grades      96     62.0     732-983      824.0  188.00-193.00  190.49
MIXED STEER/HEIFER/COW 
 No Reportable Trade.

NEGOTIATED GRID BASE PRICE SALES: FINAL NET PRICES TO BE DETERMINED LATER AND
SHOWN ON THE LM_CT109 FORMULATED PURCHASES REPORT
(Includes all transactions regardless of delivery day)

                     Head    Wtd Avg    Avg Wt    Wtd Avg      Price     Wtd Avg
                    Count   Dress Pct    Range     Weight      Range      Price
STEER - LIVE - FOB
 No Reportable Trade.
STEER - DRESSED - DELIVERED
 Over 80% Choice      144     62.1     793-925      841.6  191.00-197.00  195.63
 65 - 80% Choice      126     64.0     793-899      865.9  190.00-192.00  190.63
 35 - 65% Choice                          -                      -
  0 - 35% Choice                          -                      -
 Total all grades     270     63.0     793-925      852.9  190.00-197.00  193.30
HEIFER 
 No Reportable Trade.
MIXED STEER/HEIFER - LIVE - FOB
 No Reportable Trade.
MIXED STEER/HEIFER - DRESSED - DELIVERED
 Over 80% Choice      244     62.6     713-816      773.8  190.00-195.00  192.39
 65 - 80% Choice      347     62.2     713-781      760.5  190.00-192.00  191.71
 35 - 65% Choice      134     62.7     640-744      705.2  192.00-192.00  192.00
  0 - 35% Choice                          -                      -
 Total all grades     725     62.5     640-816      754.7  190.00-195.00  191.99
ALL BEEF TYPE STEERS AND HEIFERS - LIVE - FOB
 Total all grades                         -                      -
ALL BEEF TYPE STEERS AND HEIFERS - DRESSED - DELIVERED
 Total all grades     995     62.6     640-925      781.4  190.00-197.00  192.35
DAIRYBRED STEER/HEIFER - LIVE - FOB
 No Reportable Trade.
DAIRYBRED STEER/HEIFER - DRESSED - DELIVERED
 Over 80% Choice      366     60.0     720-775      762.4  180.00-190.00  186.65
 65 - 80% Choice      108     60.0     825-825      825.0  186.00-191.00  188.52
 35 - 65% Choice                          -                      -
  0 - 35% Choice                          -                      -
 Total all grades     474     60.0     720-825      776.6  180.00-191.00  187.07
MIXED STEER/HEIFER/COW 
 No Reportable Trade.

NATIONAL - All States

Source:    USDA Market News Service, St. Joseph, MO
           816-238-0678      email:  stjoe.lgmn@usda.gov
           http://www.ams.usda.gov/LSMarketNews
1100C







.

1. U.S. cattle placements rise in April as feed costs subside
2. Beef bull management refresher
3. Beef research and resources update
4. Workshop to discuss nutrient application, management, stewardship
5. Help for flood affected farmers
6. Representative Lucas discusses new Farm Bill

1. New school lunch beef recipes win approval from kids, foodservice
2. Prices for corn and soybeans, five years from now
3. The relationship between retail gasoline prices and futures prices
4. Drier weather to give big boost to U.S. corn plantings
5. Domestic ethanol production starts to grow again
6. Agriculture is expected to remain strong in the coming decade

1. Insects. They’re what’s for dinner!
2. Tyson selects panel to monitor animal welfare program
3. World food supply depends on character, virtuous leadership
4. Commentary: Slanting the statistics
5. Buffet concerned about soil and starvation
6. Cold spring stunts upper Midwest hay crop