DTN Cattle Close/Trends 12/21 16:05
21 Dec 2016
USDA MARKET NEWS--AFTERNOON CATTLE REPORT 12/21/16 VOLUME USDA TOTAL RANGE DTN PRACTICAL RANGE WT AVG KANSAS CONFIRMED CASH SALES - TODAY: 240 WEEK T0 DATE: 272 STEERS 240 112.50-113.50 112.50-113.25 112.98 HEIFERS No reportable trade NEBRASKA CONFIRMED CASH SALES - TODAY: 3,326 WEEK TO DATE: 3,381 STEERS No reportable dressed trade HEIFERS No reportable dressed trade TEXAS CONFIRMED CASH SALES - TODAY: 493 WEEK TO DATE: 493 STEERS 267 113.50-114.00 113.50-114.00 113.92 HEIFERS 226 113.50-113.50 113.50-113.50 113.50 COLORADO CONFIRMED CASH SALES - TODAY: 66 WEEK TO DATE: 66 STEERS No reportable trade HEIFERS 66 113.50-113.50 113.50-113.50 113.50 IOWA CONFIRMED CASH SALES - TODAY: 353 WEEK TO DATE: 1,583 STEERS 205 174.00-175.00 174.00-175.00 174.17 HEIFERS No reportable trade COMMENTS: Although packer inquiry improved today, bids remained far below asking prices. Significant trade volume is expected to develop either Thursday or Friday. 5-AREA LV STR AVE PR&WT: N/A HIDE&OFFAL: $11.73 +0.02 CARCASS EQV INDEX CHOICE (600-900#) SELECT (600-900#) #OF HEAD LIVE BASED 163.66 147.65 64,895 BOX BASED 185.25 173.90 42,056 AVE INDEX 174.46 -0.17 160.77 +1.12 106,951 BEEF CUTOUTS CHOICE (600-900#) SELECT (600-900#) 197.25 -0.38 185.90 +2.23 76.31 LDS CH CUTS / 26.58 LDS SEL CUTS / 13.55 LDS TRIM / 31.50 LDS GROUND BOXED BEEF TREND: Wk on Choice hr on Select on lgt/moder dem/offers COMPREHENSIVE WEEKLY CUTOUT VALUE: Week ending 12/16 $185.30 +$2.46 CUTTER 90% 350# UP C/O: $153.64 +0.04 NAT'L BONELESS BF TRIM: 13.89 lds / Firm on moder dem & offers 90% TRIM: 00 lds: Wtd Avg N/A / N/A *ABCDE AFTER QUOTE REPRESENTS DAYS SINCE LAST REPORTED MARKET TEST*. FI KILL(WTD) WED 115(341) WK AGO 116(342) YR AGO 112(338) MIX: TUE SH93/CB23 WEEKLY CANADIAN CATTLE IMPORTS. FEEDERS SLAUGHTER S&H Week Ending: 12/10/16 163 6,548 Week Ending: 12/03/16 237 6,771 Change from prev week: -74 -223