DTN Cattle Close/Trends 03/17 15:40
17 Mar 2023
USDA MARKET NEWS--AFTERNOON CATTLE REPORT 03/17/23 VOLUME USDA TOTAL RANGE DTN PRACTICAL RANGE WT AVG KANSAS CONFIRMED CASH SALES - TODAY: 76 WEEK TO DATE: 9,285 STEERS LIVE FOB 76 164.00-164.00 164.00-164.00 164.00 STEERS LIVE DELIVERED No reportable trade HEIFERS LIVE FOB No reportable trade HEIFERS LIVE DELIVERED No reportable trade NEBRASKA CONFIRMED CASH SALES - TODAY: 298 WEEK TO DATE: 21,754 STEERS DRESSED DELIVERED 298 264.00-264.00 264.00-264.00 264.00 STEERS DRESSED FOB No reportable trade HEIFERS DRESSED DELIVERED No reportable trade HEIFERS DRESSED FOB No reportable trade TEXAS CONFIRMED CASH SALES - TODAY: 0 WEEK TO DATE: 4,996 STEERS LIVE FOB No reportable trade STEERS LIVE DELIVERED No reportable trade HEIFERS LIVE FOB No reportable trae 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: 1,837 WEEK TO DATE: 20,473 STEERS DRESSED DELIVERED 190 264.00-264.00 264.00-264.00 264.00 STEERS DRESSED FOB No reportable trade HEIFERS DRESSED DELIVERED No reportable trade HEIFERS DRESSED FOB No reportable trade COMMENTS: The majority of cash cattle trade this week was at mostly $164 on a live basis and $264 dressed, both about $1 lower than last week's weighted averages. The March 1 on feed report listed 11.6 million head, down 4% from March 2022. Placements in February totaled 1.73 million head, 7% below last year; marketing's in February totaled 1.74 million head, 5% less than the prior year; other disappearance in February totaled 58,000 head, 2% under the same time last year. This report will likely be found neutral to somewhat bullish by market participants. The market's fundamentals are extremely clear - fewer beef cows in the market are contributing fewer calves and feeders to be had by both feedlots and packers. It could potentially help Monday's market trade slightly higher. 5-AREA LV STR AVG(FOB)PR&WT: $164.37(1480) HIDE&OFFAL: $12.97 Unchg CARCASS EQV INDEX CHOICE (600-900#) SELECT (600-900#) HEAD SUPPLY (Live) $247.81 $233.53 98,702 DEMAND (Box) $271.35 $260.44 37,576 INDEX VALUE $259.58 -0.40 $246.99 +0.25 136,278 BEEF CUTOUTS CHOICE (600-900#) SELECT (600-900#) $283.35 -0.60 $272.44 +0.68 40.34 LDS CH CUTS / 14.31 LDS SEL CUTS / 5.31 LDS TRIM / 18.71 LDS GROUND DAILY CHOICE/SELECT SPREAD $10.91 TOTAL LOAD COUNT 79 COMPREHENSIVE WEEKLY CUTOUT VALUE: Week ending 03/03 $288.91 +7.05 CUTTER 90% 350# UP C/O: $215.95 +5.15 NAT'L BONELESS BF TRIM: 18.05 lds / Mostly shrply hr on mod-gd dem & lt offers 90% TRIM: 07 lds: Wtd Avg: $277.78 / Sharply higher FI KILL(WTD) FRI 113(614) WK AGO 114(616) YR AGO 100(593) MIX: THU SH95/CB28 SAT 17(631) WK AGO 18(634) YR AGO 42(636) WEEKLY CANADIAN CATTLE IMPORTS. WK ENDING FEEDERS SLAUGHTER S&H Week Ending: 03/04/23 1,817 11,870 Week Ending: 02/25/23 1,750 11,051 Change from prev week: +67 +9,348