DTN Cattle Close/Trends 12/21 15:57

USDA MARKET NEWS--AFTERNOON CATTLE REPORT 12/21/20 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 dressed trade STEERS DRESSED FOB No reportable trade HEIFERS DRESSED DELIVERED No reportable dressed trade HEIFERS DRESSED FOB No reportable trade TEXAS 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 COLORADO CONFIRMED CASH SALES - TODAY: NA Conf WEEK TO DATE: NA Conf STEERS LIVE FOB NA Due to Confidentiality STEERS LIVE DELIVERED No reportable trade HEIFERS LIVE FOB NA Due to Confidentiality HEIFERS LIVE DELIVERED No reportable trade IOWA 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 COMMENTS:As the market looks to the New Year, beef demand seems to have found a bottom and is ready to trade higher. Monday's cash cattle trade was as one would expect - at an utter standstill as asking prices have yet to surface and no bids have hit the table. Feeders are anticipated to price cattle $1.00 to $2.00 higher this week, and even higher next week. Seeing that Thursday is Christmas Eve, we most likely will see this week's trade develop something over Tuesday and Wednesday. 5-AREA LV STR AVG(FOB)PR&WT: $107.22(1402) HIDE&OFFAL: $9.07 Unchgd CARCASS EQV INDEX CHOICE (600-900#) SELECT (600-900#) #OF HD LIVE BASED $157.78 $141.14 47,359 BOX BASED $198.92 $185.26 48,322 AVE INDEX $178.35 +1.13 $163.20 +2.62 95,681 BEEF CUTOUTS CHOICE (600-900#) SELECT (600-900#) $210.92 +2.29 $197.26 +2.99 70.96 LDS CH CUTS / 16.40 LDS SEL CUTS / 13.62 LDS TRIM / 8.57 LDS GROUND BOXED BEEF TREND: Not available due to changes on USDA reports COMPREHENSIVE WEEKLY CUTOUT VALUE: Week ending 12/18 $208.20 -12.16 CUTTER 90% 350# UP C/O: $168.63 +0.68 NAT'L BONELESS BF TRIM: 68.49 lds / Stdy-weak on lgt-moder demand & moder offers 90% TRIM: 27 lds: Wtd Avg $203.87 / Unevenly steady FI KILL(WTD) MON 119 WK AGO 120 YR AGO 117 MIX: FRI SH93/CB24 SAT SH53/CB16 WEEKLY CANADIAN CATTLE IMPORTS. FEEDERS SLAUGHTER S&H Week Ending: 12/05/20 2,661 10,018 Week Ending: 11/28/20 1,981 10,776 Change from prev week: +728 -758