DTN Cattle Close/Trends 10/28 15:45
28 Oct 2016
USDA MARKET NEWS--AFTERNOON CATTLE REPORT 10/28/16 VOLUME USDA TOTAL RANGE DTN PRACTICAL RANGE WT AVG KANSAS CONFIRMED CASH SALES - TODAY: 20,570 WEEK T0 DATE: 23,156 STEERS 11,006 $103.00-$105.00 $103.00-$105.00 $104.98 HEIFERS 5,941 $103.00-$105.00 $103.00-$105.00 $104.92 NEBRASKA CONFIRMED CASH SALES - TODAY: 27,838 WEEK TO DATE: 36,981 STEERS 8,004 $162.00-$164.00 $162.00-$164.00 $163.00 HEIFERS 5,147 $163.00-$164.00 $163.00-$164.00 $163.94 TEXAS CONFIRMED CASH SALES - TODAY: 13,609 WEEK TO DATE: 14,535 STEERS 6,582 $103.00-$105.00 $103.00-$105.00 $104.86 HEIFERS 2,918 $103.00-$105.00 $103.00-$105.00 $104.91 COLORADO CONFIRMED CASH SALES - TODAY: 4,079 WEEK TO DATE: 5,839 STEERS 2,395 $104.00-$105.00 $104.00-$105.00 $104.74 HEIFERS 936 $105.00-$105.00 $105.00-$105.00 $105.00 IOWA CONFIRMED CASH SALES - TODAY: 16,853 WEEK TO DATE: 24,428 STEERS 2,455 $161.00-$164.00 $161.00-$164.00 $163.55 HEIFERS 3,056 $162.00-$164.00 $162.00-$164.00 $163.69 COMMENTS: The cash market jumped sharply higher just before the Weekend as short-bought packers found as much as $5 extra to spend on Ready cattle. Trade volume totals proved to be significant in most major Production areas. 5-AREA LV STR AVE PR&WT: $102.77 (1521) HIDE&OFFAL: $11.67 +$0.07 CARCASS EQV INDEX CHOICE (600-900#) SELECT (600-900#) #OF HEAD LIVE BASED 149.52 138.83 47,940 BOX BASED 171.11 158.16 51,738 AVE INDEX 160.32 +1.10 148.50 +0.99 99,678 BEEF CUTOUTS CHOICE (600-900#) SELECT (600-900#) 183.11 +1.57 170.16 +1.35 50.90 LDS CH CUTS / 22.19 LDS SEL CUTS / 5.53 LDS TRIM / 15.03 LDS GROUND BOXED BEEF TREND: Higher/mod-fairly good dem/lite-mod offers COMPREHENSIVE WEEKLY CUTOUT VALUE: Week ending 10/21 $179.79 -3.42 CUTTER 90% 350# UP C/O: $156.12 +$0.79 NAT'L BONELESS BF TRIM: 20.77 lds / Mod-sharply HR/mod-good dem/lite offers 90% TRIM: 3 lds: Wtd Avg $193.04 / Unevenly steady *ABCDE AFTER QUOTE REPRESENTS DAYS SINCE LAST REPORTED MARKET TEST*. FI KILL(WTD) FRI 112(568) WK AGO 102(557) YR AGO 100(541) MIX: THU SH90/CB23 SAT 45(613) WK AGO 45(602) YR AGO 14(555) WEEKLY CANADIAN CATTLE IMPORTS. FEEDERS SLAUGHTER S&H Week Ending: 10/15/16 1,832 8,680 Week Ending: 10/08/16 1,515 7,388 Change from prev week: + 317 +1,292