DTN Cattle Close/Trends 02/29 15:50

USDA MARKET NEWS--AFTERNOON CATTLE REPORT 02/29/24 VOLUME USDA TOTAL RANGE DTN PRACTICAL RANGE WT AVG KANSAS CONFIRMED CASH SALES - TODAY: 1,489 WEEK TO DATE: 13,697 STEERS LIVE FOB 674 182.00-183.00 182.00-183.00 182.36 STEERS LIVE DELIVERED No reportable trade HEIFERS LIVE FOB 369 182.00-183.00 182.00-183.00 182.78 HEIFERS LIVE DELIVERED No reportable trade NEBRASKA CONFIRMED CASH SALES - TODAY: 6,508 WEEK TO DATE: 11,643 STEERS DRESSED DELIVERED 2,675 290.00-290.00 290.00-290.00 290.00 STEERS DRESSED FOB No reportable trade HEIFERS DRESSED DELIVERED 351 290.00-290.00 290.00-290.00 290.00 HEIFERS DRESSED FOB No reportable trade TEXAS CONFIRMED CASH SALES - TODAY: 546 WEEK TO DATE: 4,981 STEERS LIVE FOB 262 183.00-183.00 183.00-183.00 183.00 STEERS LIVE DELIVERED No reportable trade HEIFERS LIVE FOB 284 183.00-183.25 183.00-183.25 183.13 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: 11,005 WEEK TO DATE: 13,270 STEERS DRESSED DELIVERED 1,698 290.00-290.00 290.00-290.00 290.00 STEERS DRESSED FOB No reportable trade HEIFERS DRESSED DELIVERED 464 290.00-290.00 290.00-290.00 290.00 HEIFERS DRESSED FOB No reportable trade COMMENTS: A light dressed trade was reported in the North at $290, $2 lower than last week's weighted average, basis Nebraska. Southern live deals this week have been at mostly $183, steady with last week's weighted averages. While it looks like the bulk of business could essentially be completed, a little more trade will likely take place at some point tomorrow. 5-AREA LV STR AVG(FOB)PR&WT: $182.86(1438) HIDE&OFFAL: $11.64 Unchg CARCASS EQV INDEX CHOICE (600-900#) SELECT (600-900#) HEAD SUPPLY (Live) $278.83 $265.27 79,417 DEMAND (Box) $292.20 $282.18 45,503 INDEX VALUE $285.51 +0.70 $273.73 +0.74 124,920 BEEF CUTOUTS CHOICE (600-900#) SELECT (600-900#) $304.20 +1.17 $294.18 +1.24 78.02 LDS CH CUTS / 23.04 LDS SEL CUTS / 15.20 LDS TRIM / 13.53 LDS GROUND DAILY CHOICE/SELECT SPREAD $10.02 TOTAL LOAD COUNT 130 COMPREHENSIVE WEEKLY CUTOUT VALUE: Week ending 02/23 $296.36 +1.99 CUTTER 90% 350# UP C/O: $242.79 +1.83 NAT'L BONELESS BF TRIM: 50.04 lds / Shrply hr on gd dem & mod offers 90% TRIM: 16 lds: Wtd Avg: $314.01 / Sharply higher FI KILL(WTD) THU 123(495) WK AGO 123(472) YR AGO 124(499) Previous Day Breakdown: WED SH99/CB26 WEEKLY CANADIAN CATTLE IMPORTS. WK ENDING FEEDERS SLAUGHTER S&H Week Ending: 02/17/24 3,038 13,274 Week Ending: 02/10/24 2,339 11,503 Change from prev week: +699 +1,771