C A T T L E   -   W e e k l y   R e p o r t
Thursday, September 09, 2010


Date

Comprehensive

Prime

House Brand

Choice

Select

Un-Graded
w.e. 9.4.2010
158.40
193.80
164.89
160.94
153.36
149.87
Change (w.p.)
- 1.48
+ 2.13
+ 1.02
+ .48
- .13
- .30
Total Loads
7,494
48
742
2,145
1,428
3,131
Pct of Total
100.0
.6
9.9
28.6
19.1
41.8
Formula
3,421
Negotiated
Days
 0 - 21 days
   22 + days
   Totals
Negotiated
Loads
2,536
1,250
3,786
Percent of
Negotiated
67.0
33.0
--
Percent of
Total
33.8
16.7
--
Formula Pct
45.7
Export
779
Export Pct
10.4


158.40 cut-out is Live Equiv   100.58

Est Live Cost  ( 9.4.2010 )    96.50










Estimated packers operational margin last week (per head)

Est Average =    + 39.08
Est--Range  =     + 23.26   to  + 52.11

(est added value $ 19.87 per hd)

C A T T L E     S L A U G H T E R     P E R C E N T A G E     +       W E I G H T S

WEEK ENDING
% CHOICE
% SELECT
% YG 4+5
CHC-SEL SPREAD
CARCASS  WEIGHT
LIVE WEIGHT
August 21, 2010
63.77
37.23
7.88
6.74 per cwt   + .44
811.0   dn 1.3
1277.2  dn 2.0



WEEK
ENDING

LAST
WEEK
SALES

LAST
WEEK
INV
LAST
WEEK
OVER
UNDER
SALES
CARRY
OVER
SOLD
PRODUCT
THIS
WEEK
INVTRY
7-DAY DEL
THIS
WEEK
EST SLTR
STR / HFR
# HEAD
REQUIRED
TO BUY
# HEAD
SOLD AS
FORMULA
# HEAD
TO SELL FAB
PRODUCT
9.11.2010
636,990
669,000
- 32,010
- 28,248
348,500
635,000
286,500
254,000
409,248
9.4.2010
627,726
678,000
- 50,275
3,762
461,800
675,000
213,200
270,000
401,238
8.28.2010
677,120
667,000
10,120
54,037
538,600
665,000
126,400
266,000
344,963

C O M M E N T S
1
Packers are about where they want to be with their live inventory considering this being a short week.
2
Packers have to sell about 65% of this week's production
3
Salesmen can't waste time... buyers will buy early and fast.


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.       

C O M P R E H E N S I V E      C U T - O U T      O V E R V I E W

A

Composite of all FOB prices received by packers for fabricated beef cuts for the current week

B

Through September 30, 2005, packers were required by law to report prices to the USDA which then compiles final numbers. As of October 1, 2005, USDA is using voluntary packers reporting.

C

The comprehensive cut-out includes all fed steers and heifers.  The cut-out also includes all trimmings and grinds from fed steers and heifers.