Central U.S. Daily Direct Feedlot Slaughter Cattle Report

SJ_LS831
St. Joseph, MO    Mon May 7, 2012    USDA Market News Service

Central U.S. Daily Direct Feedlot Slaughter Cattle Report as of 3:30 PM

Today's Reported Sales Volume:  
Today’s Estimated Sales Volume: 
 

Monday cattle trading has been at a standstill. Boxed beef cutout values steady 
on Select and lower on Choice on light to moderate demand and offerings. Select
and Choice chuck, round, and loin cuts steady to weak while rib cuts firm on 
Choice and lower on Select. Beef trimmings higher on moderate demand and light 
to moderate offerings. Choice for Monday afternoon was 0.19 higher at 190.48 and
Select was 1.43 lower at 184.68. The hide and offal value from a typical slaughter
steer for today was estimated at 13.82 per cwt live, down -0.02 when compared to 
Friday's value. Estimated Daily Livestock Slaughter under Federal Inspection for
Monday is 125,000. CME Live Cattle Futures for June was .875 higher at 116.25 and
August was .075 higher at 118.57 at the close.

PRICES PAID:

            LIVE                    DRESSED                 DRESSED
            STEER/HEIFER            STEER/HEIFER            STEER/HEIFER
            (CASH)                  (CASH)                  (GRID BASE)
-----------------------------------------------------------------------------
                                                            
TX/OK/NM    None                     None                   None             
                                                                             
-----------------------------------------------------------------------------
                                              
KANSAS      None                     None                   None             
                                                                             
 --------------------------------------------------------------------------- 
                   
NEBRASKA    None                     None                   None             
                               
-----------------------------------------------------------------------------
                                               
COLORADO    None                     None                   None             
                                                                             
-----------------------------------------------------------------------------
                             
IOWA        None                     None                   None             
                                                                             
-----------------------------------------------------------------------------

NOTE: For complete sales volume, price ranges and weighted averages, refer 
to the Mandatory reports on the following web site and links:
http://www.ams.usda.gov/LSMarketNews

All Negotiated grid based sales reported through the Mandatory 
reporting program by packers are currently included under the National
Daily Direct Slaughter Cattle Negotiated Purchases Reports as base prices
and again on the National Daily Direct Slaughter Cattle Formula Purchases
Reports as net prices.

Included in this report are negotiated cash and negotiated grid prices 
and volume collected from feedlots or their representatives cooperating 
on a voluntary basis. This report will be released at 3:30pm daily and 
more frequently during active trading periods. 

Source:  USDA Market News Service, St. Joseph, MO
         Ph: 816-676-7000  email: stjoe.lgmn@ams.usda.gov
         Website: www.ams.usda.gov/mnreports/sj_ls831.txt
         www.ams.usda.gov/lsmarketnews
 
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