Afternoon National Slaughter Cattle Review

ST JOSEPH - Feb 24/11 - SNS -- Afternoon market conditions and values for slaughter cattle on a live and dressed basis in the United States.

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

Thus far for Thursday trading in the Southern and Northern Plains was active on good
demand.  In the Western Cornbelt trading was moderate on good demand. Compared to
last week live sales, in the Southern Plains, sold 1.00 higher at 111.00 and dressed
sales, in Kansas, sold steady at 173.50. Compared to the prior week, in Nebraska,
live sales sold 1.00 higher at 112.00 and dressed sales sold 3.00 to 5.00 higher at
180.00. In Colorado live sales sold 1.00 to 2.00 higher at 112.00. Dressed sales sold
at 180.00 with no previous week comparison.  Compared to the previous week, in the
Western Cornbelt, live sales sold 3.00 to 4.00 higher from 109.00 to 112.00 and
dressed sales sold 2.00 to 4.00 higher from 177.00 to 181.00.

Negotiated sales:
Confirmed:     112,420            Week ago:    4,250          Year ago:   12,123
Week to Date:  116,295            Week ago:    9,783          Year ago:  150,977

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      110.00-112.00 avg 111.33      111.00-112.50 avg 111.97
65 - 80% Choice      109.80-113.00 avg 111.33      110.00-112.50 avg 111.23
35 - 65% Choice      109.00-112.00 avg 110.89      105.00-112.00 avg 110.72
0 - 35% Choice       110.00-110.00 avg 110.00            -       avg
Total all grades     109.00-113.00 avg 111.05      105.00-112.50 avg 111.12

Dressed basis              Steers                        Heifers
Over 80% Choice      177.00-181.00 avg 179.78      178.00-181.00 avg 180.02
65 - 80% Choice      176.00-182.00 avg 179.75      176.00-181.00 avg 179.83
35 - 65% Choice      173.50-181.00 avg 179.24      173.50-181.00 avg 177.69
0 - 35% Choice             -       avg                   -       avg
Total all grades     173.50-182.00 avg 179.63      173.50-181.00 avg 178.78


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

Beef Type:                   Domestic:
Head count priced today:         6,400
Weighted avg weight:               809
Weighted avg net price:         176.01

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

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STAT News Service