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

LM_CT167
St Joseph, MO    Mon May 21, 2012    USDA Market News

IOWA/MINNESOTA WEEKLY WEIGHTED AVERAGE CATTLE REPORT - NEGOTIATED PURCHASES
(Includes all transactions regardless of delivery day)
For Week Ending Sunday, 5/20/2012

Confirmed:       30,927      Last Week:    21,990        Last Year:    21,306

                           LIVE FOB BASIS - Beef Breeds
                         Head       Weight       Wtd Avg      Price    Wtd Avg
                         Count      Range        Weight       Range     Price
STEERS
 Over 80% Choice         2,223    1,300-1,500     1,378   120.00-126.00  122.93
 65 - 80% Choice         3,775    1,200-1,455     1,371   122.00-123.15  122.83
 35 - 65% Choice           687    1,350-1,365     1,354   120.00-123.00  122.21
  0 - 35% Choice                       -                        -
 Total all grades        6,685    1,200-1,500     1,371   120.00-126.00  122.80
HEIFERS
 Over 80% Choice         1,467    1,150-1,425     1,271   118.00-123.00  122.42
 65 - 80% Choice         1,755    1,145-1,325     1,218   117.00-123.25  121.73
 35 - 65% Choice            78    1,250-1,250     1,250   118.00-118.00  118.00
  0 - 35% Choice                       -                        -
 Total all grades        3,300    1,145-1,425     1,242   117.00-123.25  121.95

                      DRESSED DELIVERED BASIS - Beef Breeds
                         Head       Weight       Wtd Avg      Price    Wtd Avg
                         Count      Range        Weight       Range     Price
STEERS
 Over 80% Choice         1,119      809-950        891    192.00-195.00  194.56
 65 - 80% Choice         3,700      784-919        851    193.00-195.00  194.73
 35 - 65% Choice         1,296      762-950        823    192.00-195.00  194.88
  0 - 35% Choice           360      864-864        864    193.00-193.00  193.00
 Total all grades        6,475      762-950        853    192.00-195.00  194.64
HEIFERS
 Over 80% Choice           968      688-825        797    192.00-195.00  194.52
 65 - 80% Choice         1,098      725-813        794    193.00-195.00  194.88
 35 - 65% Choice            54      819-950        911    194.00-195.00  194.30
  0 - 35% Choice                       -                        -
 Total all grades        2,120      688-950        799    192.00-195.00  194.70

                        LIVE DELIVERED BASIS - Beef Breeds
                         Head       Weight       Wtd Avg      Price    Wtd Avg
                         Count      Range        Weight       Range     Price
STEERS
 Over 80% Choice         1,000    1,275-1,500     1,409   119.00-125.15  123.52
 65 - 80% Choice           466    1,325-1,400     1,350   122.50-123.00  122.58
 35 - 65% Choice           385    1,350-1,350     1,350   124.15-124.15  124.15
  0 - 35% Choice                       -                        -
 Total all grades        1,851    1,275-1,500     1,382   119.00-125.15  123.42
HEIFERS
 Over 80% Choice           182    1,200-1,400     1,248   119.00-123.00  121.09
 65 - 80% Choice                       -                        -
 35 - 65% Choice           266    1,275-1,275     1,275   122.00-122.00  122.00
  0 - 35% Choice                       -                        -
 Total all grades          448    1,200-1,400     1,264   119.00-123.00  121.63

                         DRESSED FOB BASIS - Beef Breeds
                         Head       Weight       Wtd Avg      Price    Wtd Avg
                         Count      Range        Weight       Range     Price
STEERS
 Over 80% Choice           657      800-960        937    190.00-196.00  194.07
 65 - 80% Choice           524      819-819        819    194.00-194.00  194.00
 35 - 65% Choice            72      850-850        850    192.00-192.00  192.00
  0 - 35% Choice                       -                        -
 Total all grades        1,253      800-960        883    190.00-196.00  193.92
HEIFERS
 Over 80% Choice           298      752-809        797    191.00-193.00  192.58
 65 - 80% Choice                       -                        -
 35 - 65% Choice                       -                        -
  0 - 35% Choice                       -                        -
 Total all grades          298      752-809        797    191.00-193.00  192.58


WEEKLY ACCUMULATED     Head Count    Avg Weight      Avg Price
  Live    Steer             6,685     1,371.10        $122.80
  Live    Heifer            3,300     1,242.40        $121.95
  Dressed Steer             6,475       852.80        $194.64
  Dressed Heifer            2,120       798.50        $194.70

SAME PERIOD LAST WEEK  Head Count    Avg Weight      Avg Price
  Live    Steer             5,196     1,361.50        $120.69
  Live    Heifer            2,489     1,267.30        $120.17
  Dressed Steer             4,058       873.70        $192.76
  Dressed Heifer            2,593       832.00        $191.60

SAME PERIOD LAST YEAR  Head Count    Avg Weight      Avg Price
  Live    Steer             4,804     1,329.10        $110.13
  Live    Heifer            1,478     1,204.00        $110.74
  Dressed Steer             5,055       848.70        $178.13
  Dressed Heifer            1,447       754.10        $177.52


WEEKLY PRICE DISTRIBUTION

Live FOB                                 Dressed Delivered
Head       Price                         Head       Price
242        117.00-117.49                 20         190.00-190.49
0          117.50-117.99                 0          190.50-190.99
267        118.00-118.49                 0          191.00-191.49
0          118.50-118.99                 0          191.50-191.99
0          119.00-119.49                 253        192.00-192.49
0          119.50-119.99                 0          192.50-192.99
278        120.00-120.49                 2,703      193.00-193.49
190        120.50-120.99                 0          193.50-193.99
83         121.00-121.49                 815        194.00-194.49
0          121.50-121.99                 0          194.50-194.99
2,009      122.00-122.49                 8,841      195.00-195.49
889        122.50-122.99                 0          195.50-195.99
7,893      123.00-123.49                 0          196.00-196.49
43         123.50-123.99                 0          196.50-196.99
150        124.00-124.49                 580        197.00-197.49
0          124.50-124.99
0          125.00-125.49
0          125.50-125.99
291        126.00-126.49


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

1100C






.

1. Infrastructure limits ag export growth, economist says
2. Beetles, housefly larvae open new frontier in animal feed sector
3. Oil pressured by Bernanke comments, crude stocks up
4. A visit with CBB member Chris Hutton, President of Sampco
5. Global food: Waste not, want not
6. Repainting “American Gothic:” Number of women farming triples

1. Will Smith dethroned in latest Peterson Farm Bros. parody
2. 3,000 pounds of copper wire stolen from Oklahoma ranch
3. Changes in U.S.-Mexican cattle and beef trade
4. Crude oil expected to peak and cost of electricity to go down
5. Peterson Brothers: What summer vacation?
6. 2100: 11 billion mouths to feed

1. COOL isn’t working
2. Feedyard margins a train wreck, packers cozy
3. Will Smith dethroned in latest Peterson Farm Bros. parody
4. New ads emphasize agriculture’s role in economic recovery
5. 2100: 11 billion mouths to feed
6. New tools emerging to measure soil health