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Live
Cattle
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Friday, September 10, 2010
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Cash Trade
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Comment
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This Weeks
Cash
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Last Week
Cash
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Negotiated
Trade
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Formula
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Total
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Negotiated
Price
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Hot
Trade
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Nat Live Trade
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packers will
have
good inventory and
feedlots are very
current who will win
this week could be
about stdy again
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96.75
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152.75
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Iowa/S. Minn
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9500-9700
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9550-9700
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151-153
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Nebraska
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9600-9800
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9600-9700
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152-154
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Colorado
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9600-9800
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9500-9700
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||||||
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Kansas
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9650-9750
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9600-9700
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||||||
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Texas
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9700-9800
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9650-9700
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Date
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Slghter
(000's)
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Cuts
Loads
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Trim
Loads
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Choice
600-900#
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Select
600-900#
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Spread
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Chucks
#113
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Round
#170
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Trim
50%
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Trim
90%
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fri 09-03
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129
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114
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51
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162.67
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155.92
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153-165
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167-175
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6600-7000
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163-169
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mon 09-06
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3
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holiay
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||||||||
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tue 09-07
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131
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154
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52
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161.75
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155.91
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143-168
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165-175
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6800-7000
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163-171
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wed 09-08
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131
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208
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94
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161.47
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155.44
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151-165
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157-175
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6600-7200
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163-171
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thu 09-09
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131
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180
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91
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160.73
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154.29
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150-162
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165-175
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6300-7150
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163-168
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fri 09-10
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130
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182
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86
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159.42
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153.25
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158-163
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165-181
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6300-6950
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160-168
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Wky Total
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583
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Last Week
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673
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Year Ago
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562
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Year to Date
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23,339
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+1.4%
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Saturday
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67
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Live equivalent to
cutout
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$ 101.00
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Packer P+L / Head
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+1500to +3700
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Estimated Weighted
Live cost
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Weekly Comprehensive
Cust-Out (All fed Steers+Heifers (w.e.)
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09-04-2008
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158.40
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dn 1.48
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Product
Comment:
choice down about 200 lost
week and expected to work lower again this week
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Retail Comment:
retailer are buying only what they need as they are wary of consumer overall deamnd they are still
buying but
sales are not brisk by any means
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Comments:
corn prices
continue to rally with new highs since jan of 2009 and the USDA report lower total crop and raised
exports adding more fuel for the bulls. cattle carcass weights all cattle 778# ya 789# steer carcass
842# ya 855#
ya weights were headed for all time highs.
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USDA COF Report (Friday:
On Feed (aug
1st )
Placed (
jly)
Marketed (jly]
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Head Count
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Actual
102.5
94.2
98.4
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Avg Estimate
101.9
92.7
99.8
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Range
101.3-102.7
89.9-96.6
99-101
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Cattle Inventory (
Jly 1, 2010 )
All Cattle
Calf Crop
beef cows
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Head Count
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Actual Pct
98.8
99.1
98.6
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Avg Estimate
98.8
98.9
98.3
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Range
98.2-99.2
98.3-99.8
97.8-100
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DISCLAIMER: This information is not to be construed
as an offer to sell or a solicitation or an offer to buy the commodities herein named. The
factual information of this report has been obtained from sources believed to be reliable, but is not
necessarily all-inclusive and is not
guaranteed as to the accuracy, and is not to be construed as representation by our firm. The risk of
trading futures and options can be
substantial. Each investor must consider whether this is a suitable investment. Past performance isnot
indicative of future results.
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