Slaughter Cattle Review - Afternoon

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LM_CT131
St. Joseph, MO    Fri, January 03, 2014    USDA Market News Service

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

Thus far for Friday negotiated cash trade was mostly inactive on light demand in the 
Southern Plains, Colorado and the Western Cornbelt. The latest established market was 
on Thursday with live sales mostly at 137.00 in the Southern Plains. In Colorado on 
Thursday live sales sold from 138.50-139.00. On Thursday in the Western Cornbelt, 
live sales sold form 136.00-137.00 with dressed sales from 216.00-218.00 with the 
bulk at 218.00. On Friday trade was light on moderate demand in Nebraska. Few live 
sales sold mostly steady with the bulk of Thursday's trade at 139.00. On Thursday 
dressed sales sold from 217.00-218.00.

Negotiated sales:
Confirmed:       7,417            Week ago:   72,427          Year ago:    2,017
Week to Date:  103,140            Week ago:   76,105          Year ago:    6,860

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      137.00-140.00 avg 139.12   134.00-140.00 avg 136.37
65 - 80% Choice      134.50-139.00 avg 138.54   139.00-139.00 avg 139.00
35 - 65% Choice      137.00-137.00 avg 137.00         -       avg
0 - 35% Choice             -       avg                -       avg
Total all grades     134.50-140.00 avg 138.54   134.00-140.00 avg 138.73

Dressed basis              Steers                     Heifers
Over 80% Choice      215.00-218.00 avg 215.52   218.00-220.00 avg 218.56
65 - 80% Choice      218.00-219.00 avg 218.34         -       avg
35 - 65% Choice            -       avg                -       avg
0 - 35% Choice             -       avg                -       avg
Total all grades     215.00-219.00 avg 216.88   218.00-220.00 avg 218.56


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

Beef Type:                   Domestic:
Head count priced today:        10,900
Weighted avg weight:               845
Weighted avg net price:         211.00

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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