Opening Livestock Cash Market Comments

ST. JOSEPH - Feb 4/16 - SNS -- The USDA's daily opening cash market comments for national slaughter cattle markets.

Morning National Slaughter Cattle Review for Wednesday, 2/3/2016
  On Wednesday trading in the Southern and Northern Plains was at a standstill. In
the Western Cornbelt trading was mostly inactive on very light demand. Not enough
sales for a market trended. Last week live sales in the Southern Plains sold at
138.00. In Nebraska live sales sold from 135.00-138.00 and dressed sales sold mostly
at 210.00. In Colorado a very light test of live sales sold at 135.00 for the
previous week. In the Western Cornbelt a light test of live sales sold from 131.00-
134.00 on a light test and dressed sales sold mostly at 210.00.
Negotiated sales:
Confirmed:       684    Week ago:              492    Year ago:            2,316
Wk to Date:    1,552    Week ago to Date:    1,784    Year ago to Date:    4,226
Negotiated, Formula and contract purchases delivered to packers today:
Today:       69,700    Week Ago:           74,400    Year Ago:           66,900
Wk to Date: 189,600    Week Ago to Date:  235,700    Year Ago to Date:  225,200
Negotiated, Formula and contract commitments today: (generally for slaughter
within 7 days)
Today:       56,300    Week Ago:           47,000    Year Ago:           53,300
Wk to Date: 162,100    Week Ago to Date:  176,600    Year Ago to Date:  200,800
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      132.00-132.00 avg 132.00         -       avg
65 - 80% Choice            -       avg                -       avg
35 - 65% Choice            -       avg                -       avg
0 - 35% Choice             -       avg                -       avg
Total all grades     132.00-132.00 avg 132.00         -       avg
Dressed basis              Steers                     Heifers
Over 80% Choice            -       avg                -       avg
65 - 80% Choice            -       avg                -       avg
35 - 65% Choice            -       avg                -       avg
0 - 35% Choice             -       avg                -       avg
Total all grades           -       avg                -       avg
Formula purchases: prices established on previous reporting day for
slaughtered cattle.
Beef Type:                   Domestic:
Head count priced today:        19,400
Weighted avg weight:               874
Weighted avg net price:         215.58
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