IA-MN Weekly Wtd Avg Direct Slaughter Cattle - Negotiated Sales

LM_CT167
St Joseph, MO    Mon Apr 30, 2012    USDA Market News

IOWA/MINNESOTA WEEKLY WEIGHTED AVERAGE CATTLE REPORT - NEGOTIATED PURCHASES
(Includes all transactions regardless of delivery day)
For Week Ending Sunday, 4/29/2012

Confirmed:       9,925       Last Week:    26,073        Last Year:    18,344

                           LIVE FOB BASIS - Beef Breeds
                         Head       Weight       Wtd Avg      Price    Wtd Avg
                         Count      Range        Weight       Range     Price
STEERS
 Over 80% Choice         1,347    1,300-1,500     1,390   120.00-125.50  121.12
 65 - 80% Choice           988    1,320-1,425     1,353   120.00-122.00  120.69
 35 - 65% Choice                       -                        -
  0 - 35% Choice                       -                        -
 Total all grades        2,335    1,300-1,500     1,375   120.00-125.50  120.94
HEIFERS
 Over 80% Choice           563    1,158-1,350     1,223   120.00-125.00  120.94
 65 - 80% Choice           858    1,160-1,350     1,243   118.00-122.00  119.45
 35 - 65% Choice                       -                        -
  0 - 35% Choice                       -                        -
 Total all grades        1,421    1,158-1,350     1,235   118.00-125.00  120.04

                      DRESSED DELIVERED BASIS - Beef Breeds
                         Head       Weight       Wtd Avg      Price    Wtd Avg
                         Count      Range        Weight       Range     Price
STEERS
 Over 80% Choice         1,101      837-920        880    188.00-195.50  194.35
 65 - 80% Choice         1,266      787-950        853    191.00-194.00  193.06
 35 - 65% Choice            42      859-859        859    191.00-191.00  191.00
  0 - 35% Choice                       -                        -
 Total all grades        2,409      787-950        866    188.00-195.50  193.61
HEIFERS
 Over 80% Choice                       -                        -
 65 - 80% Choice            14      781-781        781    194.00-194.00  194.00
 35 - 65% Choice           137      950-950        950    194.00-194.00  194.00
  0 - 35% Choice                       -                        -
 Total all grades          151      781-950        934    194.00-194.00  194.00

                        LIVE DELIVERED BASIS - Beef Breeds
                         Head       Weight       Wtd Avg      Price    Wtd Avg
                         Count      Range        Weight       Range     Price
STEERS
 Over 80% Choice            25    1,425-1,425     1,425   120.00-120.00  120.00
 65 - 80% Choice           373    1,350-1,475     1,440   118.00-121.50  120.86
 35 - 65% Choice                       -                        -
  0 - 35% Choice                       -                        -
 Total all grades          398    1,350-1,475     1,439   118.00-121.50  120.80
HEIFERS
 Over 80% Choice           476    1,150-1,350     1,259   120.00-124.00  121.70
 65 - 80% Choice           183    1,275-1,300     1,278   120.00-122.50  122.19
 35 - 65% Choice                       -                        -
  0 - 35% Choice                       -                        -
 Total all grades          659    1,150-1,350     1,264   120.00-124.00  121.83

                         DRESSED FOB BASIS - Beef Breeds
                         Head       Weight       Wtd Avg      Price    Wtd Avg
                         Count      Range        Weight       Range     Price
STEERS
 Over 80% Choice           536      826-928        890    190.00-192.00  191.24
 65 - 80% Choice            40      843-843        843    191.00-191.00  191.00
 35 - 65% Choice                       -                        -
  0 - 35% Choice                       -                        -
 Total all grades          576      826-928        887    190.00-192.00  191.22
HEIFERS
 Over 80% Choice           158      752-816        788    190.00-190.00  190.00
 65 - 80% Choice                       -                        -
 35 - 65% Choice                       -                        -
  0 - 35% Choice                       -                        -
 Total all grades          158      752-816        788    190.00-190.00  190.00


WEEKLY ACCUMULATED     Head Count    Avg Weight      Avg Price
  Live    Steer             2,335     1,374.50        $120.94
  Live    Heifer            1,421     1,235.30        $120.04
  Dressed Steer             2,409       865.50        $193.61
  Dressed Heifer              151       934.30        $194.00

SAME PERIOD LAST WEEK  Head Count    Avg Weight      Avg Price
  Live    Steer             5,131     1,358.60        $124.47
  Live    Heifer            2,761     1,230.00        $123.45
  Dressed Steer             5,883       864.20        $198.00
  Dressed Heifer            3,384       846.90        $198.71

SAME PERIOD LAST YEAR  Head Count    Avg Weight      Avg Price
  Live    Steer             2,823     1,347.50        $117.07
  Live    Heifer            3,011     1,204.20        $116.99
  Dressed Steer             3,704       853.20        $187.69
  Dressed Heifer            1,324       779.00        $187.28


WEEKLY PRICE DISTRIBUTION

Live FOB                                 Dressed Delivered
Head       Price                         Head       Price
174        118.00-118.49                 100        188.00-188.49
0          118.50-118.99                 0          188.50-188.99
436        119.00-119.49                 0          189.00-189.49
0          119.50-119.99                 0          189.50-189.99
2,470      120.00-120.49                 330        190.00-190.49
0          120.50-120.99                 0          190.50-190.99
387        121.00-121.49                 208        191.00-191.49
76         121.50-121.99                 0          191.50-191.99
369        122.00-122.49                 216        192.00-192.49
0          122.50-122.99                 0          192.50-192.99
117        123.00-123.49                 281        193.00-193.49
0          123.50-123.99                 0          193.50-193.99
0          124.00-124.49                 1,535      194.00-194.49
0          124.50-124.99                 0          194.50-194.99
90         125.00-125.49                 0          195.00-195.49
162        125.50-125.99                 320        195.50-195.99


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

1100C






.

1. Will Smith dethroned in latest Peterson Farm Bros. parody
2. North Dakota’s TB status not to be affected by recent case
3. How to grow beef demand
4. 3,000 pounds of copper wire stolen from Oklahoma ranch
5. U.S. 2012/13 corn export prospects cut as global trade boosted
6. Feed grain supply prospects lowered on delayed plantings

1. Changes in U.S.-Mexican cattle and beef trade
2. Expert offers tips to reduce hay-drying time
3. Corn conditions a tad better than last year
4. Pasture and range conditions improve
5. Ag markets seem set to start this week on a downbeat
6. Will Smith dethroned in latest Peterson Farm Bros. parody

1. Commentary: Clueless consumers
2. Commentary: Why should we care about the farm bill?
3. Adapting to climate change and drought risk
4. Boehner supports House Farm Bill
5. NIAA releases white paper on FMD preparedness
6. Finding the comedy in ag-gag