DTN Cattle Prices/Trends 02/19 23:20

DTN CATTLE PRICES/TRENDS 02/19 23:20 WEEKLY TOTALS REPORTED TO DTN FOR THE WEEK OF: 02/13-02/17 STATE HEAD SOLD LIVE PR RANGE DRESSED PR RANGE KS 2,500 162.00 . NE 3,300 162.00 256.00-257.00 TX 1,200 162.00 . CO 0 . . IA 1,100 162.00-163.00 257.00-258.00 DTN WEEKLY ROUND UP: It turned out to be another waiting game last week, with business holding off until Thursday and Friday. Northern dressed sales ranged from $252 to $258, mostly $257, $3 higher than the prior week's weighted average. Southern live deals had a range of $158 to $162, mostly $162, $2 higher than the previous week's weighted averages. According to Thursday's Daily Direct Slaughter Cattle Summary reports, the accumulated weekly average price totals were as follows (the prior week's weighted averages are listed in parentheses): KS $161.00($160.23); NE $256.94($253.97); TX $159.00($159.97); IA $256.41($253.79); CO not available due to confidentiality. Keep in mind that Southern trade took place mostly on Friday so the actual weighted averages will be higher in that area. The Friday Afternoon Daily Direct Slaughter Cattle report lists weekly trade volume totals as: KS 7,556; NE 19,484; TX 3,840; IA 24,312; but not available in CO due to confidentiality. Friday's slaughter totaled 121,000 head, 1,000 less than both a week and year ago. Saturday's kill was estimated at a mere 7,000 head, bringing the weekly total to 627,000 head, 3,000 below the previous week, and 43,000 below 2022. The weekly averages for boxed beef cutouts and boxed beef cuts: choice $275.65(+7.76), select $260.94(+6.44), with an average choice select spread of $14.71(+1.33), and a total load count including cuts, trimmings, and grinds of 506(-29). Changes from the prior week are listed in parentheses. For the week ending February 11, 2023, Imported Beef Passed for Entry in the U.S. totaled 46,312, 96.68% of the previous week and 99.14% of the 4-week average. DTN MORNING COMMENTS: This Monday looks to be typically quiet with both buyers and sellers busy taking inventory and collecting new showlists. Significant trade volume will likely not develop until late in the week. Beef cutouts are expected to be higher with light box movement. NOTE: The price and volume information listed on this page is supplied by DTN subscribers in the interest of general cash market awareness. All cattle feeding subscribers are encouraged to report sales in a timely fashion in order to compensate for the systematic delays of mandatory reporting. While all transactions will be posted on an anonymous basis, callers are required to identify themselves and the location of the actual sales. DTN believes this data to be accurate but cannot guarantee its specific reliability or whether it fairly represents the larger cash market. Feedlots are encouraged to call DTN with any cattle sales, at 1-800-369-7675, ext. 3678. All sales will be listed anonymously and organized by state. A weekly summary from this data will be posted on the Weekly Cattle Sales Reported to DTN page, and will be left up for the entire week for reference purposes.