Central U.S. Daily Direct Feedlot Slaughter Cattle Report 5-7-2012

Central U.S. Daily Direct Feedlot Slaughter Cattle Report as of 3:30 PM

Monday cattle trading has been at a standstill. Boxed beef cutout values steady on Select and lower on Choice on light to moderate demand and offerings. Select and Choice chuck, round, and loin cuts steady to weak while rib cuts firm on Choice and lower on Select. Beef trimmings higher on moderate demand and light to moderate offerings. Choice for Monday afternoon was 0.19 higher at 190.48 and Select was 1.43 lower at 184.68. The hide and offal value from a typical slaughter steer for today was estimated at 13.82 per cwt live, down -0.02 when compared to Friday’s value. Estimated Daily Livestock Slaughter under Federal Inspection for Monday is 125,000. CME Live Cattle Futures for June was .875 higher at 116.25 and August was .075 higher at 118.57 at the close.

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