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Saturday, May 17, 2008
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SJ_LS831
St. Joseph, MO Fri May 16, 2008 USDA Market News Service
Central U.S. Daily Direct Feedlot Slaughter Cattle Report as of 4:30 pm
Today's Reported Sales Volume: 83,000
Today?s Estimated Volume: 130,000
Trading was moderate to active in the Texas Panhandle. Live sales
were steady to .50 higher at 94.00-94.50, mostly 94.50. Trading and
demand was moderate to active in Kansas. Compared to last week, live
sales were steady at 94.00. Trading was moderate in Nebraska with
light to moderate demand. Compared to last week, dressed sales are
mostly 1.00 higher with sales ranging from 148.00-150.00. Live sales
have traded unevenly .50 to 1.00 lower with sales at 93.00-93.50,
few 94.00. Trading in Colorado was light with live sales .50 to 1.00
lower at 93.00-93.50
Boxed Beef values Friday were called weak on light to moderate demand
And offerings. Choice closed down .27 at 156.56 and Select closed down .14
at 152.02 on 274 total loads. Cattle slaughter under Federal Inspection
was estimated at 124,000, with 80,000 for Saturday, bringing the weekly
estimate to 719,000.
Note: prices are based on net weights FOB the feedlot after a 3-4% shrink
unless otherwise noted. Dressed prices based on hot carcass weights delivered
to the plant.
PRICES PAID TODAY:
LIVE DRESSED DRESSED
STEER/HEIFER STEER/HEIFER STEER/HEIFER
(CASH) (CASH) (GRID BASE)
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Select and Choice
TX/OK/NM 94.00-94.50 None None
Mostly 94.50
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Select and Choice Select and Choice
KANSAS 94.00 148.00-148.50 None
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Select and Choice Select and Choice
NEBRASKA 93.00-93.50 148.00-150.00 None
Few 94.00
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Select and Choice
COLORADO 93.00-93.50 None None
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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: 816-238-0678 email: stjoe.lgmn@usda.gov
Website: www.ams.usda.gov/mnreports/sj_ls831.txt
1630C
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