DTN Cattle Close/Trends 12/26 16:07
26 Dec 2019
USDA MARKET NEWS--AFTERNOON CATTLE REPORT 12/26/19 VOLUME USDA TOTAL RANGE DTN PRACTICAL RANGE WT AVG KANSAS CONFIRMED CASH SALES - TODAY: 0 WEEK TO DATE: 0 STEERS LIVE FOB No reportable trade STEERS LIVE DELIVERED No reportable trade HEIFERS LIVE FOB No reportable trade HEIFERS LIVE DELIVERED No reportable trade NEBRASKA CONFIRMED CASH SALES - TODAY: 0 WEEK TO DATE: 0 STEERS DRESSED DELIVERED No reportable trade STEERS DRESSED FOB No reportable trade HEIFERS DRESSED DELIVERED No reportable trade HEIFERS DRESSED FOB No reportable trade TEXAS CONFIRMED CASH SALES - TODAY: NA Conf WEEK TO DATE: NA Conf STEERS LIVE FOB Trade not available due to confidentiality STEERS LIVE DELIVERED Trade not available due to confidentiality HEIFERS LIVE FOB Trade not available due to confidentiality HEIFERS LIVE DELIVERED Trade not available due to confidentiality COLORADO CONFIRMED CASH SALES - TODAY: NA Conf WEEK TO DATE: NA Conf STEERS LIVE FOB Trade not available due to confidentiality STEERS LIVE DELIVERED Trade not available due to confidentiality HEIFERS LIVE FOB Trade not available due to confidentiality HEIFERS LIVE DELIVERED Trade not available due to confidentiality IOWA CONFIRMED CASH SALES - TODAY: 634 WEEK TO DATE: 985 STEERS DRESSED DELIVERED 38 192.00-192.00 192.00-192.00 192.00 STEERS DRESSED FOB No reportable trade HEIFERS DRESSED DELIVERED No reportable trade HEIFERS DRESSED FOB No reportable trade COMMENTS: A lot of pressure sits on Friday as cash cattle have yet to really develop a trend this week. A limited offering of fats sold in Iowa for fully steady with last week's weighted average, but knowing that packers inquired early in the week for cattle leads one to believe that they need cattle this week in order to keep pens full for the upcoming weeks. It's not crazy to think that cash cattle prices could be $1 to $2 higher especially if the board keeps its positive spirit into Friday's market. 5-AREA LV STR AVG(FOB)PR&WT: N/A HIDE&OFFAL: $8.95 Unchgd CARCASS EQV INDEX CHOICE (600-900#) SELECT (600-900#) #OF HD LIVE BASED $183.13 $172.00 57,650 BOX BASED $198.15 $193.25 52,568 AVE INDEX $190.64 -0.70 $182.63 +0.32 110,218 BEEF CUTOUTS CHOICE (600-900#) SELECT (600-900#) $210.15 -1.42 $205.25 +0.61 133.77 LDS CH CUTS / 23.47 LDS SEL CUTS / 10.67 LDS TRIM / 34.32 LDS GROUND BOXED BEEF TREND: Lwr on Choice & firm on Sel on lgt-mod dem & hvy offers. COMPREHENSIVE WEEKLY CUTOUT VALUE: Week ending 12/20 $214.64 -3.67 CUTTER 90% 350# UP C/O: $184.19 -1.44 NAT'L BONELESS BF TRIM: 59.93 lds / Sharper lwr on lgt dem & moder offers 90% TRIM: 27 lds: Wtd Avg $240.18 / Lower FI KILL(WTD) TUE 30(143) WK AGO 123(243) YR AGO 0(18) MIX: MON SH89/CB24 WED 0(143) WK AGO 122(365) YR AGO 116(134) MIX: TUE SH13/CB17 THURS 120(263) WK AGO 121(486) YR AGO 101(235) MIX: WED SH0/CB0 WEEKLY CANADIAN CATTLE IMPORTS. FEEDERS SLAUGHTER S&H Week Ending: 11/30/19 929 11,409 Week Ending: 11/23/19 1,840 12,325 Change from prev week: -911 -916