DTN Cattle Close/Trends 08/26 16:15

USDA MARKET NEWS--AFTERNOON CATTLE REPORT 08/26/20 VOLUME USDA TOTAL RANGE DTN PRACTICAL RANGE WT AVG KANSAS CONFIRMED CASH SALES - TODAY: 5,554 WEEK TO DATE: 14,195 STEERS LIVE FOB 1,777 103.00-105.00 103.00-105.00 104.94 STEERS LIVE DELIVERED No reportable trade HEIFERS LIVE FOB 2,231 105.00-106.00 105.00-106.00 105.11 HEIFERS LIVE DELIVERED No reportable trade NEBRASKA CONFIRMED CASH SALES - TODAY: 19,758 WEEK TO DATE: 20,108 STEERS DRESSED DELIVERED 6,689 165.00-167.50 165.00-167.50 166.81 STEERS DRESSED FOB 320 166.00-166.00 166.00-166.00 166.00 HEIFERS DRESSED DELIVERED 1,146 166.00-166.00 166.00-166.00 166.00 HEIFERS DRESSED FOB 206 166.00-166.00 166.00-166.00 166.00 TEXAS CONFIRMED CASH SALES - TODAY: 343 WEEK TO DATE: 15,285 STEERS LIVE FOB No reportable trade STEERS LIVE DELIVERED No reportable trade HEIFERS LIVE FOB 343 105.00-105.25 105.00-105.25 105.10 HEIFERS LIVE DELIVERED No reportable trade COLORADO 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 IOWA CONFIRMED CASH SALES - TODAY: 8,645 WEEK TO DATE: 11,233 STEERS DRESSED DELIVERED 3,301 166.00-167.00 166.00-167.00 166.97 STEERS DRESSED FOB No reportable trade HEIFERS DRESSED DELIVERED 721 166.00-167.00 166.00-167.00 166.55 HEIFERS DRESSED FOB No reportable trade COMMENTS: The bulk of Wednesday's trade came midmorning following the Fed Cattle Exchange's business. As the afternoon progressed packers were less interested and the feedlots that have yet to sell want higher prices and are hoping that by waiting until later in the week packers may give a little more. Wednesday's slaughter is estimated at 118,000 head - 1,000 head less than a week ago and 1,000 head more than a year ago. Boxed beef prices closed higher; choice up $1.77($231.45) and select up $1.85 ($214.11) with a movement of 121 loads (56.64 loads of choice, 15.76 of select, 18.89 loads of trim and 29.44 loads of ground beef). 5-AREA LV STR AVG(FOB)PR&WT: $105.31(1442) HIDE&OFFAL: $7.81 Unchg CARCASS EQV INDEX CHOICE (600-900#) SELECT (600-900#) #OF HD LIVE BASED $161.81 $146.62 92,569 BOX BASED $219.45 $202.11 42,074 AVE INDEX $190.63 +0.88 $174.37 +0.92 134,643 BEEF CUTOUTS CHOICE (600-900#) SELECT (600-900#) $231.45 +1.77 $214.11 +1.85 56.64 LDS CH CUTS / 15.76 LDS SEL CUTS /18.89 LDS TRIM / 29.44 LDS GROUND BOXED BEEF TREND: higher COMPREHENSIVE WEEKLY CUTOUT VALUE: Week ending 08/21 $211.87 +7.20 CUTTER 90% 350# UP C/O: $182.43 +1.83 NAT'L BONELESS BF TRIM: 58.48 lds / Mstly firm-slgt hgr on moder dem-offers 90% TRIM: 29 lds: Wtd Avg $224.98 / Mstly sharply lower FI KILL(WTD) WED 118(353) WK AGO 119(351) YR AGO 117(353) MIX: TUES SH93/CB25 WEEKLY CANADIAN CATTLE IMPORTS. FEEDERS SLAUGHTER S&H Week Ending: 08/08/20 1,101 6,641 Week Ending: 08/01/20 1,824 6,524 Change from prev week: -723 +117