LM_CT131
St. Joseph, MO    Fri, June 24, 2016    USDA Market News Service

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

So far for Friday trading in Nebraska has been limited on light demand. One isolated
live sale sold at 118.00 for more than two week out delivery. In the Southern Plains,
Colorado and the Western Cornbelt trading was mostly inactive on very light demand.
Not enough sales in any feeding region for a full market trend. Wednesday was the 
last fully reported market in the Southern and Northern Plains with live selling at 
116.00. Not enough dressed sales in Nebraska for a market trend. The last reported 
dressed sales market was last week with sales ranging from 191.00-198.00. In the 
Western Cornbelt the last fully reported market was last week with live sales mostly 
at 120.00 and dressed sales from 190.00-197.00.

Negotiated sales:
Confirmed:      14,793            Week ago:    4,645          Year ago:    6,315
Week to Date:   64,039            Week ago:   49,248          Year ago:   71,476

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      116.00-116.00 avg 116.00   116.00-116.00 avg 116.00
65 - 80% Choice      116.00-118.00 avg 117.88   115.00-116.00 avg 115.60
35 - 65% Choice      117.00-117.00 avg 117.00         -       avg
0 - 35% Choice             -       avg                -       avg
Total all grades     116.00-118.00 avg 117.74   115.00-116.00 avg 115.66

Dressed basis              Steers                     Heifers
Over 80% Choice      186.00-188.00 avg 186.92   186.00-188.00 avg 187.25
65 - 80% Choice      185.00-188.00 avg 186.94   188.00-188.00 avg 188.00
35 - 65% Choice            -       avg                -       avg
0 - 35% Choice             -       avg                -       avg
Total all grades     185.00-188.00 avg 186.93   186.00-188.00 avg 187.83


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

Beef Type:                   Domestic:
Head count priced today:        15,100
Weighted avg weight:               833
Weighted avg net price:         195.66


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)-676-7000 e-mail:  stjoe.lpgmn@ams.usda.gov
         www.ams.usda.gov/mnreports/lm_ct131.txt

1530c  staff





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