DTN Cattle Close/Trends 08/28 16:15
28 Aug 2020
USDA MARKET NEWS--AFTERNOON CATTLE REPORT 08/28/20 VOLUME USDA TOTAL RANGE DTN PRACTICAL RANGE WT AVG KANSAS CONFIRMED CASH SALES - TODAY: 463 WEEK TO DATE: 16,691 STEERS LIVE FOB 260 104.00-104.00 104.00-104.00 104.00 STEERS LIVE DELIVERED No reportable trade HEIFERS LIVE FOB 203 104.00-104.00 104.00-104.00 104.00 HEIFERS LIVE DELIVERED No reportable trade NEBRASKA CONFIRMED CASH SALES - TODAY: 75 WEEK TO DATE: 25,806 STEERS DRESSED DELIVERED 75 167.00-167.00 167.00-167.00 167.00 STEERS DRESSED FOB No reportable trade HEIFERS DRESSED DELIVERED No reportable trade HEIFERS DRESSED FOB No reportable trade TEXAS CONFIRMED CASH SALES - TODAY: 420 WEEK TO DATE: 16,913 STEERS LIVE FOB 340 104.00-104.00 104.00-104.00 104.00 STEERS LIVE DELIVERED No reportable trade HEIFERS LIVE FOB No reportable trade 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: 70 WEEK TO DATE: 23,653 STEERS DRESSED DELIVERED 70 167.00-167.00 167.00-167.00 167.00 STEERS DRESSED FOB No reportable trade HEIFERS DRESSED DELIVERED No reportable trade HEIFERS DRESSED FOB No reportable trade COMMENTS: Rounding out the week the cash cattle market wasn't given any last minute favors as packers sit on a plethora of cattle and knew that they didn't have to buy an exuberant amount for the upcoming kills. As boxed beef prices start to show some regression, packers will likely seek cattle at lower prices again next week. 5-AREA LV STR AVG(FOB)PR&WT:$104.16(1446) HIDE&OFFAL: $7.88 Up 0.07 CARCASS EQV INDEX CHOICE (600-900#) SELECT (600-900#) #OF HD LIVE BASED $159.83 $144.65 86,491 BOX BASED $217,40 $202.86 42,093 AVE INDEX $188.62 -1.61 $173.76 -0.23 128,584 BEEF CUTOUTS CHOICE (600-900#) SELECT (600-900#) $229.40 -2.14 $214.86 +0.60 72.52 LDS CH CUTS / 11.67 LDS SEL CUTS /19.99 LDS TRIM / 10.29 LDS GROUND BOXED BEEF TREND: Mixed COMPREHENSIVE WEEKLY CUTOUT VALUE: Week ending 08/21 $211.87 +7.20 CUTTER 90% 350# UP C/O: $182.50 -1.93 NAT'L BONELESS BF TRIM: 63.45 lds / Gen stdy on moder dem-hvy offers 90% TRIM: 13 lds: Wtd Avg $225.34 / Moder to shrply lwr FI KILL(WTD) FRI 116(588) WK AGO 116(586) YR AGO 117(588) SAT 66 (654) WK AGO 66 (652) YR AGO 65 (653) MIX: THUR SH96/CB23 WEEKLY CANADIAN CATTLE IMPORTS. FEEDERS SLAUGHTER S&H Week Ending: 08/15/20 1,228 6,079 Week Ending: 08/08/20 1,101 6,641 Change from prev week: +127 -562