DTN Cattle Close/Trends 06/24 15:35
24 Jun 2022
USDA MARKET NEWS--AFTERNOON CATTLE REPORT 06/24/22 VOLUME USDA TOTAL RANGE DTN PRACTICAL RANGE WT AVG KANSAS CONFIRMED CASH SALES - TODAY: 0 WEEK TO DATE: 14,447 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: 172 WEEK TO DATE: 25,532 STEERS DRESSED DELIVERED No reportable 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: 8,840 STEERS LIVE FOB No reportable trade STEERS LIVE DELIVERED No reportable trade HEIFERS LIVE FOB No reportable trade 148IFERS LIVE DELIVERED No reportable trade COLORADO CONFIRMED CASH SALES - TODAY: 0 WEEK TO DATE: 3,327 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: 868 WEEK TO DATE: 28,613 STEERS DRESSED DELIVERED No reportable dressed trade STEERS DRESSED FOB No reportable trade HEIFERS DRESSED DELIVERED No reportable trade HEIFERS DRESSED FOB No reportable trade COMMENTS: This week's business had Southern live deals marked at mostly $138, generally steady (Texas) to roughly $1 lower (Kansas) than last week's weighted averages. In the North it was yet another week large ranges, with dressed deals marked at $230 to $240, mostly $234 which is $4 higher than last weeks weighted average basis Nebraska. The June 1 on feed report listed 11.8 million head, up 1% from June 2021, this is the highest June 1 inventory since the series began in 1996. Placements in May totaled 1.87 million head, 2% below last year; marketing's in May totaled 1.91 million head, 2% greater than the prior year; other disappearance in May totaled 76,000 head, 13% above the same time last year. 5-AREA LV STR AVG(FOB)PR&WT: $147.30(1429) HIDE&OFFAL: $13.82 +0.03 CARCASS EQV INDEX CHOICE (600-900#) SELECT (600-900#) HEAD SUPPLY (Live) $215.40 $195.23 75,992 DEMAND (Box) $252.98 $233.02 44,655 INDEX VALUE $234.19 +2.02 $214.12 +1.90 120,647 BEEF CUTOUTS CHOICE (600-900#) SELECT (600-900#) $264.98 +0.32 $245.02 +0.08 46.30 LDS CH CUTS / 17.21 LDS SEL CUTS / 10.61 LDS TRIM / 10.88 LDS GROUND DAILY CHOICE/SELECT SPREAD $19.96 TOTAL LOAD COUNT 85 COMPREHENSIVE WEEKLY CUTOUT VALUE: Week ending 06/17 $260.18 -3.96 CUTTER 90% 350# UP C/O: $222.31 +1.54 NAT'L BONELESS BF TRIM: 31.15 lds / Unevenly stdy on mod dem & offers 90% TRIM: 12 lds: Wtd Avg: $279.21 / Moderately to sharply higher FI KILL(WTD) FRI 122(620) WK AGO 124(619) YR AGO 117(590) MIX: THU SH93/CB29 SAT 46(666) WK AGO 48(667) YR AGO 70(660) WEEKLY CANADIAN CATTLE IMPORTS. WK ENDING FEEDERS SLAUGHTER S&H Week Ending: 06/11/22 3,909 6,091 Week Ending: 06/04/22 4,864 8,268 Change from prev week: -955 -2,177