National Slaughter Cattle Summary OK

KO_LS850  
Oklahoma City, OK   Fri Aug 10, 2012    USDA-OK Dept of Ag Market News 

   National Slaughter Cattle Summary - Week Ending August 10, 2012

   Compared to last week:  Slaughter cattle trade not fully established
by mid-afternoon Friday.  Limited sales on a dressed basis sharply
higher but not enough sales for an adequate market trend.  Extremely
good movement of slaughter cattle last week after packers moved their
bids sharply higher.  Good clearance meant fewer numbers on the show
lists for this week.  Beef prices showing improvement all week.  Summers
heat finally backing off some, however burn bans remain in effect in a 
large part of the country and this putting a damper on those back yard
barbeques.  
   Boxed beef prices Friday morning averaged 180.95 up 6.06 from
last Friday.  The Choice/Select spread is at 6.68. Slaughter cattle
on a national basis for negotiated cash trades through Friday morning
totaled about 38,325.  Last week's total head count was 162,728.

Midwest Direct Markets: 
Live Basis: Steers and Heifers 
   35-80 Percent Choice, 1200-1400 lbs  not established
   Dressed Basis:  Steers and Heifers:  few 190.00

South Plains Direct Markets: 
Live Basis: Steers and Heifers 
   35-65 percent Choice, 1100-1400 lbs not established.

Slaughter Cows and Bulls (Average Yielding Prices):
   Slaughter cows and bulls steady to 3.00 higher.
   USDA's Cutter cow carcass cut-out value Friday morning was 163.57
up .18 from last Friday.

Prices paid for average dressing:
           %Lean     Weight    Montana      Oklahoma       Alabama  
Breakers   75-80%  1000-1550  79.00-82.00  78.50-81.50   82.00-85.50
Boners     80-85%  1000-1565  78.00-81.00  79.00-83.50   81.00-84.00
Lean       85-90%  1000-1685  72.00-76.00  77.00-81.50   73.00-76.00
Bulls      88-92%  1200-2445  96.00-102.50    101.50    100.00-104.00

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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