Slaughter Cattle Review - Afternoon

LM_CT131
St. Joseph, MO    Fri, January 21, 2011    USDA Market News Service

Afternoon National Slaughter Cattle Review as of 2:00 pm Friday

So far for Friday, trading was moderate on light to moderate demand in the Texas 
Panhandle.  Compared to last week, live sales traded 2.00 lower at 106.00.  In 
Kansas, trading was slow to moderate on moderate to demand.  Compared to Thursday, 
live sales sold steady at 106.00.  On Wednesday, dressed sales traded at 168.00.  
Trading was slow on light demand in Nebraska.  On Wednesday, live sales sold from 
105.00 to 106.00.  Compared to Thursday, dressed sales traded steady at 170.00.  In 
Colorado, trading was mostly inactive on light demand.  Not enough sales to fully 
establish a market trend.  On Thursday, live sales sold at 105.50 and dressed sales 
traded at 170.00.  Trading was slow on light demand in the Western Cornbelt.  On 
Thursday, live sales sold from 105.00 to 107.00 and dressed sales traded from 170.00 
to 172.00.  

Negotiated sales:
Confirmed:      27,768            Week ago:  105,776          Year ago:   22,142
Week to Date:  126,019            Week ago:  137,032          Year ago:  125,432

Negotiated: prices paid for Domestic Slaughter steers and heifers:
(Information derived from the 5 area weighted average LM_CT100)

Live basis                 Steers                        Heifers
Over 80% Choice      105.00-106.00 avg 105.48      105.00-105.00 avg 105.00
65 - 80% Choice      106.00-106.00 avg 106.00      105.00-106.00 avg 105.98
35 - 65% Choice      105.50-106.00 avg 106.00      103.00-106.00 avg 105.97
0 - 35% Choice       106.00-106.00 avg 106.00            -       avg
Total all grades     105.00-106.00 avg 105.94      103.00-106.00 avg 105.92

Dressed basis              Steers                        Heifers
Over 80% Choice      170.00-171.00 avg 170.04      170.00-170.00 avg 170.00
65 - 80% Choice      169.00-170.00 avg 169.73      169.00-170.00 avg 169.19
35 - 65% Choice      170.00-171.00 avg 170.12      169.00-170.00 avg 169.46
0 - 35% Choice             -       avg                   -       avg
Total all grades     169.00-171.00 avg 169.89      169.00-170.00 avg 169.52


Formula purchases: prices established thus far today for slaughtered cattle.

Beef Type:                   Domestic:
Head count priced today:        12,900
Weighted avg weight:               828
Weighted avg net price:         171.76

Covers transactions reported at 2:00 pm today.  Comments and market conditions
may include information gathered from voluntary sources, all prices, weights
and head counts are only those gathered through the mandatory reporting system.

Source:  USDA Market News Service, St Joseph, MO
         (816)-238-0678 or (816)-676-7000 e-mail:  stjoe.lgmn@ams.usda.gov
         www.ams.usda.gov/mnreports/lm_ct131.txt

1530c  staff





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