Slaughter Cattle Review - Afternoon

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LM_CT131
St. Joseph, MO    Wed, July 24, 2013    USDA Market News Service

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

So far for Wednesday trading was inactive on very light demand in the Texas 
Panhandle, Northern Plains and the Western Cornbelt. Not enough sales for an
adequate market trend in these feeding regions. In Kansas trading and demand
has been light. In Kansas, compared to last week, a light test of live sales 
sold steady at 119.00. The last fully reported market was last week in the 
Texas Panhandle with live sales at 119.00. In Nebraska live sales sold mostly 
at 120.00 and dressed sales at 193.00 for the prior week. In Colorado live 
sales sold at 120.50 for the previouis week. In the Western Cornbelt, last 
week, live sales sold from 120.00-121.00 and dressed sales from 191.00-193.00.


Negotiated sales:
Confirmed:      10,772            Week ago:    1,402          Year ago:    1,506
Week to Date:   13,026            Week ago:    3,435          Year ago:    3,201

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            -       avg                -       avg
65 - 80% Choice      119.00-120.25 avg 119.13   119.00-120.25 avg 119.31
35 - 65% Choice      118.00-119.00 avg 118.99   119.00-120.25 avg 119.49
0 - 35% Choice             -       avg                -       avg
Total all grades     118.00-120.25 avg 119.03   119.00-120.25 avg 119.43

Dressed basis              Steers                     Heifers
Over 80% Choice            -       avg                -       avg
65 - 80% Choice            -       avg          193.00-193.00 avg 193.00
35 - 65% Choice            -       avg                -       avg
0 - 35% Choice             -       avg                -       avg
Total all grades           -       avg          193.00-193.00 avg 193.00


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

Beef Type:                   Domestic:
Head count priced today:        25,400
Weighted avg weight:               842
Weighted avg net price:         190.70

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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