National Slaughter Cattle Summary OK

KO_LS850  
Oklahoma City, OK   Fri May 25, 2012    USDA-OK Dept of Ag Market News 

   National Slaughter Cattle Summary - Week Ending May 25, 2012

   Compared to last week:  Slaughter cattle traded 2.00 lower on
a live basis while dressed sales were 1.00 lower.  Many feedyards 
caved middle of the week as cattle futures declined.  Slaughter
rates remain fairly strong though still less than a year ago, however
slaughter weights are well above last year.
   Boxed beef prices Friday morning averaged 190.40 up .87 from 
last Friday.  The Choice/Select spread is at 8.61. Slaughter cattle
on a national basis for negotiated cash trades through Friday morning
totaled about 101,636 head.  Last week's total head count was 123,191.

Midwest Direct Markets: 
Live Basis: Steers and Heifers 
   35-80 Percent Choice, 1200-1400 lbs  122.00 to mostly 123.00.
   Dressed Basis:  Steers and Heifers:  194.00, few 195.00.

South Plains Direct Markets: 
Live Basis: Steers and Heifers 
   35-65 percent Choice, 1100-1400 lbs  121.00.

Slaughter Cows and Bulls (Average Yielding Prices):
   Slaughter cows and bulls sold mostly steady, instance 2.00 higher
in the southeast.
   USDA's Cutter cow carcass cut-out value Friday morning was 179.28 
unchanged from last Friday.

Prices paid for average dressing:
           %Lean     Weight     Colorado      Oklahoma      Alabama  
Breakers   75-80%  1000-1825   85.50-89.00   93.50-95.00   88.00-91.00
Boners     80-85%  1000-1565   84.50-89.00   93.50-97.00   89.00-94.00
Lean       85-90%  1000-1685   83.00-86.50   89.00-93.00   80.00-85.00
Bulls      88-92%  1200-2445  101.00-105.00 113.50-119.00 106.00-110.00

Source: USDA-Oklahoma Dept of Ag Market News, Oklahoma City, OK
        Tina Colby            Telephone 405-232-5425
        www.ams.usda.gov/lsmarketnews

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