Slaughter Cattle Review - Afternoon

LM_CT131
St. Joseph, MO    Thu, May 03, 2012    USDA Market News Service

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

Thus far for Thursday trading in the Texas Panhandle and Colorado has been at a 
standstill. In Kansas, Nebraska and the Western Cornbelt trading has been limited on 
very light demand. Not enough sales to fully establish a market trend. Last week in 
the Texas Panhandle live sales sold at 119.00. In Kansas live sales sold mostly at 
120.00. In Nebraska live sales sold from 120.00-122.00 and dressed mostly at 194.00. 
In Colorado live sales sold from 120.00-121.00. In the Western Cornbelt live and 
dressed sales sold with a light test at 120.00 and 194.00, respectively.

Negotiated sales:
Confirmed:       7,199            Week ago:   18,903          Year ago:   10,796
Week to Date:   20,522            Week ago:   27,023          Year ago:  160,629

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      121.00- 121.00avg 121.00            -       avg
65 - 80% Choice      120.00- 120.00avg 120.00      120.00- 120.00avg 120.00
35 - 65% Choice            -       avg                   -       avg
0 - 35% Choice             -       avg                   -       avg
Total all grades     120.00- 121.00avg 120.53      120.00- 120.00avg 120.00

Dressed basis              Steers                        Heifers
Over 80% Choice      190.00- 190.00avg 190.00      191.00- 191.00avg 191.00
65 - 80% Choice      190.00- 191.00avg 190.36      191.00- 194.00avg 191.79
35 - 65% Choice      195.00- 195.00avg 195.00      190.00- 195.00avg 194.04
0 - 35% Choice             -       avg                   -       avg
Total all grades     190.00- 195.00avg 190.94      190.00- 195.00avg 192.07


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

Beef Type:                   Domestic:
Head count priced today:         6,300
Weighted avg weight:               782
Weighted avg net price:         188.67

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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