DTN Cattle Close/Trends 02/24 15:45
24 Feb 2023
USDA MARKET NEWS--AFTERNOON CATTLE REPORT 02/24/23 VOLUME USDA TOTAL RANGE DTN PRACTICAL RANGE WT AVG KANSAS CONFIRMED CASH SALES - TODAY: 38 WEEK TO DATE: 958 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: 5,713 WEEK TO DATE: 16,127 STEERS DRESSED DELIVERED 1,738 258.00-262.00 260.00-262.00 260.21 STEERS DRESSED FOB No reportable trade HEIFERS DRESSED DELIVERED 122 262.00-262.00 262.00-262.00 262.00 HEIFERS DRESSED FOB No reportable trade TEXAS CONFIRMED CASH SALES - TODAY: 730 WEEK TO DATE: 1,675 STEERS LIVE FOB 286 164.50-164.50 164.50-164.50 164.50 STEERS LIVE DELIVERED No reportable trade HEIFERS LIVE FOB 120 164.50-164.50 164.50-164.50 164.50 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: 2,722 WEEK TO DATE: 24,206 STEERS DRESSED DELIVERED 104 262.00-262.00 262.00-262.00 262.00 STEERS DRESSED FOB No reportable trade HEIFERS DRESSED DELIVERED 388 260.00-262.00 260.00-262.00 261.79 HEIFERS DRESSED FOB No reportable trade COMMENTS: A light trade was reported in parts of the North today with dressed deals marked at mostly $262, $5 higher than last week's weighted averages, live deals were at $162 to mostly $164, $4 higher than last week's weighted average basis Nebraska. At the time of this close only a very light scattered trade had been reported in parts of Texas at $164.50, $2.50 higher than the prior week's weighted average. The February 1 on feed report listed 11.7 million head, down 4% from February 2022. Placements in January totaled 1.93 million head, 4% below last year; marketing's in January totaled 1.85 million head, 4% greater than the prior year; other disappearance in January totaled 63,000 head, 2% under the same time last year. 5-AREA LV STR AVG(FOB)PR&WT: $163.92(1518) HIDE&OFFAL: $13.12 Unchg CARCASS EQV INDEX CHOICE (600-900#) SELECT (600-900#) HEAD SUPPLY (Live) $245.71 $229.61 67,830 DEMAND (Box) $275.28 $265.08 36,335 INDEX VALUE $260.50 +1.08 $247.35 +2.00 104,165 BEEF CUTOUTS CHOICE (600-900#) SELECT (600-900#) $287.28 -0.63 $277.08 +1.21 63.60 LDS CH CUTS / 6.70 LDS SEL CUTS / 13.85 LDS TRIM / 10.57 LDS GROUND DAILY CHOICE/SELECT SPREAD $10.20 TOTAL LOAD COUNT 95 COMPREHENSIVE WEEKLY CUTOUT VALUE: Week ending 02/17 $272.72 +5.07 CUTTER 90% 350# UP C/O: $207.09 +1.25 NAT'L BONELESS BF TRIM: 59.53 lds / Sharply hr on gd dem & mod offers 90% TRIM: 24 lds: Wtd Avg: $262.18 / Firm to higher FI KILL(WTD) FRI 122(600) WK AGO 121(620) YR AGO 117(600) MIX: THU SH95/CB26 SAT 18(618) WK AGO 7(627) YR AGO 50(651) WEEKLY CANADIAN CATTLE IMPORTS. WK ENDING FEEDERS SLAUGHTER S&H Week Ending: 02/11/23 3,963 9,512 Week Ending: 02/04/23 1,869 9,562 Change from prev week: +3,963 -50