DTN Cattle Close/Trends 02/21 17:45
21 Feb 2023
USDA MARKET NEWS--AFTERNOON CATTLE REPORT 02/21/23 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: 1,879 WEEK TO DATE: 1,924 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 NA Due to Confidentiality HEIFERS LIVE FOB NA Due to Confidentiality HEIFERS LIVE DELIVERED NA Due to Confidentiality IOWA CONFIRMED CASH SALES - TODAY: 1,950 WEEK TO DATE: 2,311 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 COMMENTS: Mandatory reported some live deals in the North today (1,879 head in Nebraska at $160 to $161, steady to $1 higher than last week's weighted average; 1,682 head in Iowa at $164 roughly $3 higher than the prior week's weighted average). This early trade is not necessarily setting the trend for the week. The South remained very quiet. If the trend of the last several week's continues significant trade volume will be delayed until Thursday or Friday. 5-AREA LV STR AVG(FOB)PR&WT: $159.00(1575) HIDE&OFFAL: $13.29 +0.17 CARCASS EQV INDEX CHOICE (600-900#) SELECT (600-900#) HEAD ***NOTE THAT THE USDA REVISED THE FOLLOWING REPORT** *** REVISIONS ARE MARKED WITH AN (^) *** SUPPLY (Live) $242.28^ $226.18^ 67,125 DEMAND (Box) $275.20 $258.84 34,772 INDEX VALUE $258.74^ +3.42^ $242.51^ +2.67^ 101,897 BEEF CUTOUTS CHOICE (600-900#) SELECT (600-900#) $287.20 +4.31 $270.84 +2.79 69.31 LDS CH CUTS / 21.57 LDS SEL CUTS / 9.30 LDS TRIM / 13.95 LDS GROUND DAILY CHOICE/SELECT SPREAD $16.36 TOTAL LOAD COUNT 114 COMPREHENSIVE WEEKLY CUTOUT VALUE: Week ending 02/17 $272.72 +5.07 CUTTER 90% 350# UP C/O: $205.39 +0.90 NAT'L BONELESS BF TRIM: 22.75 lds / Unevenly steady on light to moderate dem & offer 90% TRIM: 06 lds: Wtd Avg: $259.44 / Generally steady FI KILL(WTD) TUE 127(231) WK AGO 125(251) YR AGO 125(235) MIX: MON SH78/CB26 WEEKLY CANADIAN CATTLE IMPORTS. WK ENDING FEEDERS SLAUGHTER S&H Week Ending: 02/04/23 1,869 9,562 Week Ending: 01/28/22 3,619 8,888 Change from prev week: -1,750 +674 USDA MARKET NEWS--AFTERNOON CATTLE REPORT 02/20/23 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: 45 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: 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 NA Due to Confidentiality HEIFERS LIVE FOB NA Due to Confidentiality HEIFERS LIVE DELIVERED NA Due to Confidentiality IOWA CONFIRMED CASH SALES - TODAY: 6,392 WEEK TO DATE: 24,312 STEERS DRESSED DELIVERED 733 257.00-258.00 257.00-258.00 257.32 STEERS DRESSED FOB 140 257.00-257.00 257.00-257.00 257.00 HEIFERS DRESSED DELIVERED No reportable trade HEIFERS DRESSED FOB No reportable trade COMMENTS: Not much happened in the country. Mandatory reported 45 head in NE at $156, and a handful of dressed trade was reported in Iowa. Certainly not enough to establish any kind of an accurate trend for the week. Significant trade volume will likely be delayed until the second half of the week. 5-AREA LV STR AVG(FOB)PR&WT: $161.57(1452) HIDE&OFFAL: $13.12 Unchg CARCASS EQV INDEX CHOICE (600-900#) SELECT (600-900#) HEAD SUPPLY (Live) $239.74 $223.64 67,199 DEMAND (Box) $270.89 $256.05 34,688 INDEX VALUE $255.32 +0.85 $239.84 +1.45 101,887 BEEF CUTOUTS CHOICE (600-900#) SELECT (600-900#) $282.89 +1.85 $268.05 +2.16 40.13 LDS CH CUTS / 13.07 LDS SEL CUTS / 5.67 LDS TRIM / 13.24 LDS GROUND DAILY CHOICE/SELECT SPREAD $14.84 TOTAL LOAD COUNT 72 COMPREHENSIVE WEEKLY CUTOUT VALUE: Week ending 02/17 $272.72 +5.07 CUTTER 90% 350# UP C/O: $204.49 +0.12 NAT'L BONELESS BF TRIM: 63.15 lds / Sharply higher on good dem & lt offers 90% TRIM: 22 lds: Wtd Avg: $259.27 / Moderately higher FI KILL(WTD) MON 104 WK AGO 126 YR AGO 110 MIX: FRI SH93/CB28 SAT SH2/CB5