DTN Cattle Close/Trends 05/19 15:40
19 May 2016
USDA MARKET NEWS--AFTERNOON CATTLE REPORT 05/19/16 VOLUME USDA TOTAL RANGE DTN PRACTICAL RANGE WT AVG KANSAS CONFIRMED CASH SALES - TODAY: 898 WEEK T0 DATE: 17,102 STEERS 783 130.00-133.00 130.00-133.00 130.44 HEIFERS 75 130.00-130.00 130.00-130.00 130.00 NEBRASKA CONFIRMED CASH SALES - TODAY: 6,336 WEEK TO DATE: 6,616 STEERS 844 205.00-206.00 205.00-206.00 205.33 HEIFERS 290 205.00-205.00 205.00-205.00 205.00 TEXAS CONFIRMED CASH SALES - TODAY: none WEEK TO DATE: 5,174 STEERS No reportable trade HEIFERS No reportable trade COLORADO CONFIRMED CASH SALES - TODAY: 1,121 WEEK TO DATE: 1,121 STEERS 845 129.00-131.00 129.00-131.00 130.91 HEIFERS No reportable trade IOWA CONFIRMED CASH SALES - TODAY: 4,204 WEEK TO DATE: 5,383 STEERS 2,411 202.00-206.00 202.00-206.00 203.60 HEIFERS 334 204.00-206.00 204.00-206.00 205.10 COMMENTS: Cash business was generally light throughout feedlot country today with scattered live sales in the South marked at $130, $2 lower than yesterday and $2-$4 lower than last week. Some dressed deals were marked in the North at $205-206, $3-$4 lower than last week's weighted average basis Nebraska. 5-AREA LV STR AVE PR&WT: $131.73 (1358) HIDE & OFFAL: $10.99 +0.01 CARCASS EQV INDEX CHOICE (600-900#) SELECT (600-900#) #OF HEAD LIVE BASED 198.36 187.28 137,837 BOX BASED 215.16 199.15 37,668 AVE INDEX 206.76 -0.24 193.21 -0.47 175,505 BEEF CUTOUTS CHOICE (600-900#) SELECT (600-900#) 227.16 -0.60 211.15 -1.05 43.05 LDS CH CUTS / 22.86 LDS SEL CUTS / 13.54 LDS TRIM / 25.18 LDS GROUND BOXED BEEF TREND: Weak-LR; lite-mod demand/offerings COMPREHENSIVE WEEKLY CUTOUT VALUE: Week ending 05/13 $204.94 +1.24 CUTTER 90% 350# UP C/O: $173.78 +0.53 NAT'L BONELESS BF TRIM: 20.90 lds / Steady; lite-mod dem & offerings 90% TRIM: 2 LDS/WT AVG: $215.56 / Firm-higher, lite test *ABCDE AFTER QUOTE REPRESENTS DAYS SINCE LAST REPORTED MARKET TEST*. FI KILL(WTD) THR 113(448) WK AGO 113(449) YR AGO 115(455) MIX: WED SH92/CB20 *** REVISION ** TUE 110(223) ** REVISION *** WEEKLY CANADIAN CATTLE IMPORTS. FEEDERS SLAUGHTER S&H Week Ending: 05/07/16 6,555 7,325 Week Ending: 04/30/16 8,607 8,261 Change from prev week: -89 -399