TX-OK Weekly Wtd Avg Direct Slaughter Cattle - Negotiated Sales

LM_CT163
St Joseph, MO    Mon May 21, 2012    USDA Market News

TEXAS-OKLAHOMA-NEW MEXICO WEEKLY WEIGHTED AVERAGE CATTLE REPORT - NEGOTIATED
(Includes all transactions regardless of delivery day)
For Week Ending Sunday, 5/20/2012

Confirmed:       13,663      Last Week:    18,303        Last Year:    19,202

                           LIVE FOB BASIS - Beef Breeds
                         Head       Weight       Wtd Avg      Price    Wtd Avg
                         Count      Range        Weight       Range     Price
STEERS
 Over 80% Choice                       -                        -
 65 - 80% Choice            72    1,233-1,233     1,233   123.00-123.00  123.00
 35 - 65% Choice         3,446    1,075-1,450     1,228   120.50-123.50  122.72
  0 - 35% Choice           225    1,180-1,225     1,211   123.00-123.00  123.00
 Total all grades        3,743    1,075-1,450     1,227   120.50-123.50  122.74
HEIFERS
 Over 80% Choice                       -                        -
 65 - 80% Choice         1,056    1,100-1,200     1,141   123.00-123.50  123.04
 35 - 65% Choice         6,811    1,000-1,275     1,126   120.00-123.50  122.92
  0 - 35% Choice                       -                        -
 Total all grades        7,867    1,000-1,275     1,128   120.00-123.50  122.94

                      DRESSED DELIVERED BASIS - Beef Breeds
                         Head       Weight       Wtd Avg      Price    Wtd Avg
                         Count      Range        Weight       Range     Price
STEERS
 Over 80% Choice                       -                        -
 65 - 80% Choice                       -                        -
 35 - 65% Choice                       -                        -
  0 - 35% Choice                       -                        -
 Total all grades                      -                        -
HEIFERS
 Over 80% Choice                       -                        -
 65 - 80% Choice                       -                        -
 35 - 65% Choice                       -                        -
  0 - 35% Choice                       -                        -
 Total all grades                      -                        -


WEEKLY ACCUMULATED     Head Count    Avg Weight      Avg Price
  Live    Steer             3,743     1,226.60        $122.74
  Live    Heifer            7,867     1,127.70        $122.94
  Dressed Steer
  Dressed Heifer

SAME PERIOD LAST WEEK  Head Count    Avg Weight      Avg Price
  Live    Steer             7,831     1,246.70        $119.96
  Live    Heifer            7,387     1,136.00        $119.98
  Dressed Steer
  Dressed Heifer

SAME PERIOD LAST YEAR  Head Count    Avg Weight      Avg Price
  Live    Steer             9,394     1,250.30        $107.75
  Live    Heifer            7,177     1,130.90        $107.93
  Dressed Steer
  Dressed Heifer


WEEKLY PRICE DISTRIBUTION

Live FOB                                 Dressed Delivered
Head       Price                         Head       Price
263        120.00-120.49
527        120.50-120.99
0          121.00-121.49
57         121.50-121.99
224        122.00-122.49
33         122.50-122.99
10,693     123.00-123.49
1,866      123.50-123.99


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

1100C






.

1. Schwieterman: Cattle futures lower, cash trade limited
2. BeefTalk: May calving brings May flowers
3. About that farmland bubble…
4. Senate votes to cut insurance subsidies to rich farmers
5. Oil set for biggest weekly drop since mid-April
6. Ag commodities were mixed Friday morning

1. Former Eastern Livestock CEO, CFO sentenced for federal crimes
2. Post-tornado composting a solution for disposal of dead livestock
3. Michigan hay buyers should plan purchases early
4. More beef cows in worst drought regions than a year ago
5. TSCRA works with sale barns to catch Houston cattle thief
6. New animal identification rules aid disease traceability

1. Commentary: In praise of animal foods
2. Commentary: GMOs: How do I hate thee?
3. Seven jobs more dangerous than farming
4. What’s on America’s grill this weekend?
5. Meat industry associations quick to attack the new MCOOL rule
6. White House urges Senate to cut crop insurance in farm bill