Afternoon National Slaughter Cattle Review

ST JOSEPH - May 11/04 - 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 Tuesday


Negotiated sales:
Confirmed:       1,068            Week ago:    2,547           Year ago:   5,602
Week to Date:    1,068            Week ago:    2,547           Year ago:   5,602

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     S - Bee-Breeds avg                   -       avg
35 - 65% Choice          Pr-ce     avg  Avg         90.50-90.50  avg 90.50
0 - 35% Choice           Ra-ge     avg Price             -       avg
Total all grades           -       avg              90.50-90.50  avg 90.50

Dressed basis              Steers                        Heifers
Over 80% Choice            -       avg                   -       avg
65 - 80% Choice     BASIS --Beef B avg             145.00-145.00 avg 145.00
35 - 65% Choice     Pr     -ce     avgAvg                -       avg
0 - 35% Choice      Ra     -ge     avgPrice              -       avg
Total all grades           -       avg             145.00-145.00 avg 145.00

Formula purchases: prices established on previous reporting day for
slaughtered cattle.

Beef Type:                   Domestic:
Head count priced today:       13,900
Weighted avg weight:              755
Weighted avg net price:        139.94


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