DTN Cattle Close/Trends 05/11 15:40

USDA MARKET NEWS--AFTERNOON CATTLE REPORT 05/11/23 VOLUME USDA TOTAL RANGE DTN PRACTICAL RANGE WT AVG KANSAS CONFIRMED CASH SALES - TODAY: 752 WEEK TO DATE: 10,515 STEERS LIVE FOB 356 170.00-170.00 170.00-170.00 170.00 STEERS LIVE DELIVERED No reportable trade HEIFERS LIVE FOB 314 171.00-172.00 171.00-172.00 171.59 HEIFERS LIVE DELIVERED No reportable trade NEBRASKA CONFIRMED CASH SALES - TODAY: 8,695 WEEK TO DATE: 10,294 STEERS DRESSED DELIVERED 2,144 278.00-280.00 278.00-280.00 279.78 STEERS DRESSED FOB No reportable trade HEIFERS DRESSED DELIVERED 335 277.00-280.00 277.00-280.00 278.41 HEIFERS DRESSED FOB No reportable trade TEXAS CONFIRMED CASH SALES - TODAY: 95 WEEK TO DATE: 6,393 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: 7,393 WEEK TO DATE: 12,754 STEERS DRESSED DELIVERED 1,173 278.00-280.00 278.00-280.00 279.58 STEERS DRESSED FOB 105 280.00-280.00 280.00-280.00 280.00 HEIFERS DRESSED DELIVERED 301 280.00-280.00 280.00-280.00 280.00 HEIFERS DRESSED FOB No reportable trade COMMENTS: A light trade developed in the North today at $280, roughly $1 lower than last week's weighted average basis Nebraska. Yesterday saw trade in the South at $170, $2 lower than last week's weighted averages. 5-AREA LV STR AVG(FOB)PR&WT: $171.47(1394) HIDE&OFFAL: $13.12 +0.02 CARCASS EQV INDEX CHOICE (600-900#) SELECT (600-900#) HEAD SUPPLY (Live) $260.99 $240.66 31,799 DEMAND (Box) $293.72 $272.58 41,565 INDEX VALUE $277.36 -1.73 $256.62 -1.14 73,364 BEEF CUTOUTS CHOICE (600-900#) SELECT (600-900#) $305.72 -1.15 $284.58 +0.04 78.67 LDS CH CUTS / 26.25 LDS SEL CUTS / 3.31 LDS TRIM / 19.54 LDS GROUND DAILY CHOICE/SELECT SPREAD $21.14 TOTAL LOAD COUNT 128 COMPREHENSIVE WEEKLY CUTOUT VALUE: Week ending 05/05 $305.85 +0.05 CUTTER 90% 350# UP C/O: $224.42 -0.01 NAT'L BONELESS BF TRIM: 8.12 lds / Unevenly stdy on lt dem & offers 90% TRIM: 00 lds: Wtd Avg: $No Test/ Sharply lower FI KILL(WTD) THU 126(506) WK AGO 206(496) YR AGO 124(489) MIX: TUE SH97/CB24 WEEKLY CANADIAN CATTLE IMPORTS. WK ENDING FEEDERS SLAUGHTER S&H Week Ending: 04/29/23 5,194 8,176 Week Ending: 04/22/23 4,253 11,889 Change from prev week: +941 -3,713