Central U.S. Daily Direct Feedlot Slaughter Cattle Report

SJ_LS831
St. Joseph, MO    Wed Mar 20, 2013    USDA Market News Service

Central U.S. Daily Direct Feedlot Slaughter Cattle Report as of 3:55 PM

Today's Reported Sales Volume:   1,000
Today's Estimated Sales Volume:  8,000

  On Wednesday negotiated cash trade and demand was light in Nebraska and Iowa. 
Few sales were reported per Mandatory Price Reporting at 198.00 and from 124.00-
125.50 in Nebraska. In the Southern Plains and Colorado trade was mostly 
inactive on light demand. Wednesday afternoon boxed beef cutout values were weak 
to lower on light demand and light to moderate offerings. Choice was down .77 at 
193.41 with Select down .62 to close at 193.03 on 195 loads. The hide and offal 
value from a typical slaughter steer for today was estimated at 14.26 per cwt 
live, up 0.03 when compared to Tuesday's value. The estimated cattle slaughter 
for Wednesday was reported at 119,000. April CME live cattle contracts were up 
.75 to close at 125.97. 


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             
                                                                             
-----------------------------------------------------------------------------
            Select and Choice                                                
NEBRASKA    124.50-125.00           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
         www.ams.usda.gov/mnreports/sj_ls831.txt
         www.ams.usda.gov/lsmarketnews

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