DTN Cattle Close/Trends 05/02 15:35

USDA MARKET NEWS--AFTERNOON CATTLE REPORT 05/02/24 VOLUME USDA TOTAL RANGE DTN PRACTICAL RANGE WT AVG KANSAS CONFIRMED CASH SALES - TODAY: 0 WEEK TO DATE: 895 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: 3,962 WEEK TO DATE: 18,931 STEERS DRESSED DELIVERED 996 295.00-296.00 295.00-296.00 295.04 STEERS DRESSED FOB No reportable trade HEIFERS DRESSED DELIVERED 303 295.00-295.00 295.00-295.00 295.00 HEIFERS DRESSED FOB No reportable trade TEXAS CONFIRMED CASH SALES - TODAY: 0 WEEK TO DATE: 22 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: 1,703 WEEK TO DATE: 19,922 STEERS DRESSED DELIVERED 43 295.00-295.00 295.00-295.00 295.00 STEERS DRESSED FOB No reportable trade HEIFERS DRESSED DELIVERED 76 295.00-295.00 295.00-295.00 295.00 HEIFERS DRESSED FOB No reportable trade COMMENTS: Some light trade was reported in the North at $186 live and $295 to $296 dressed, which is $1.00 to $2.00 higher than last week's weighted average. The Southern Plains didn't see much movement as packers were offering $182 but feedlots' asking prices were firm at $185 to $186. More trade will likely develop Friday. Thursday's slaughter is estimated at 120,000 head -- 5,000 head less than a week ago and steady with a year ago. Boxed beef prices closed lower: choice down $0.64 ($292.90) and select down $0.09 ($287.98) with a movement of 164 loads (107.18 loads of choice, 29.61 loads of select, 6.70 loads of trim and 20.89 loads of ground beef). 5-AREA LV STR AVG(FOB)PR&WT: $186.56(1495) HIDE&OFFAL: $11.28 -0.06 CARCASS EQV INDEX CHOICE (600-900#) SELECT (600-900#) HEAD SUPPLY (Live) $280.48 $271.12 84,286 DEMAND (Box) $280.90 $275.98 51,694 INDEX VALUE $280.69 +0.21 $273.55 +0.48 135,980 BEEF CUTOUTS CHOICE (600-900#) SELECT (600-900#) $292.90 -0.64 $287.98 -0.09 107.18 LDS CH CUTS / 29.61 LDS SEL CUTS / 6.70 LDS TRIM / 20.89 LDS GROUND DAILY CHOICE/SELECT SPREAD $ 4.92 TOTAL LOAD COUNT 164 COMPREHENSIVE WEEKLY CUTOUT VALUE: Week ending 04/26 $299.19 -1.69 CUTTER 90% 350# UP C/O: $269.52 -2.21 NAT'L BONELESS BF TRIM: 35.80 lds / Sharply higher on mod-good demand; lite offers 90% TRIM: 14 lds: Wtd Avg: $345.75 / Sharply higher FI KILL(WTD) THU 120(480) WK AGO 125(488) YR AGO 121(493) Previous Day Breakdown: WED SH 99 / CB 24 WEEKLY CANADIAN CATTLE IMPORTS. WK ENDING FEEDERS SLAUGHTER S&H Week Ending: 04/20/24 5,857 13,273 Week Ending: 04/13/24 4,038 14,274 Change from prev week: +1,819 -1,001