Afternoon National Slaughter Cattle Review

ST JOSEPH - Feb 24/12 - 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 Friday

So far on Friday negotiated cash trade was inactive on light demand in all of the 5
Area feeding regions. Not enough sales to establish an adequate market trend. Last
available markets are from the previous week. In the Texas Panhandle live sales sold
at 129.00. In Kansas live sales sold at 128.00. In Nebraska live sales sold from
127.00-129.50 with dressed sales at 203.00. In Colorado live sales sold at 129.00. In
the Western Cornbelt live sales sold at 127.00 with dressed sales at 203.00.

Negotiated sales:
Confirmed:      14,529            Week ago:   93,353          Year ago:    3,265
Week to Date:   27,228            Week ago:   98,137          Year ago:  161,821

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      124.00- 127.00avg 126.23      122.50- 126.50avg 124.94
65 - 80% Choice      125.00- 126.50avg 126.27      124.50- 125.00avg 124.74
35 - 65% Choice            -       avg                   -       avg
0 - 35% Choice             -       avg                   -       avg
Total all grades     124.00- 127.00avg 126.25      122.50- 126.50avg 124.92

Dressed basis              Steers                        Heifers
Over 80% Choice      200.00- 203.00avg 200.28      200.00- 200.00avg 200.00
65 - 80% Choice      200.00- 201.00avg 200.30      200.00- 201.00avg 200.17
35 - 65% Choice      200.00- 200.00avg 200.00            -       avg
0 - 35% Choice             -       avg                   -       avg
Total all grades     200.00- 203.00avg 200.24      200.00- 201.00avg 200.09


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

Beef Type:                   Domestic:
Head count priced today:         7,300
Weighted avg weight:               814
Weighted avg net price:         204.07

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