DTN Cattle Close/Trends 05/28 15:40

USDA MARKET NEWS--AFTERNOON CATTLE REPORT 05/28/24 VOLUME USDA TOTAL RANGE DTN PRACTICAL RANGE WT AVG KANSAS CONFIRMED CASH SALES - TODAY: 0 WEEK TO DATE: 0 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: 235 WEEK TO DATE: 235 STEERS DRESSED DELIVERED No reportable trade STEERS DRESSED FOB No reportable trade HEIFERS DRESSED DELIVERED 235 298.00-298.00 298.00-298.00 298.00 HEIFERS DRESSED FOB No reportable trade TEXAS CONFIRMED CASH SALES - TODAY: 0 WEEK TO DATE: 0 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: 0 WEEK TO DATE: 0 STEERS DRESSED DELIVERED No reportable trade STEERS DRESSED FOB No reportable trade HEIFERS DRESSED DELIVERED No reportable trade HEIFERS DRESSED FOB No reportable trade COMMENTS: Comments: It was a quiet day for the cash cattle market with no bids or asking prices developed. It's likely trade will be delayed until Thursday or later again this week. Prices are expected to be steady to somewhat higher as feedlots continue to possess the majority of the market's leverage. 5-AREA LV STR AVG(FOB)PR&WT: $NA HIDE&OFFAL: $11.24 Unchg CARCASS EQV INDEX CHOICE (600-900#) SELECT (600-900#) HEAD SUPPLY (Live) $288.83 $274.41 45,865 DEMAND (Box) $300.12 $291.43 42,824 INDEX VALUE $294.48 +2.00 $282.92 +1.64 88,689 BEEF CUTOUTS CHOICE (600-900#) SELECT (600-900#) $312.12 +1.67 $303.43 +1.71 71.34 LDS CH CUTS / 21.24 LDS SEL CUTS / 8.25 LDS TRIM / 16.00 LDS GROUND DAILY CHOICE/SELECT SPREAD $ 8.73 TOTAL LOAD COUNT 107 COMPREHENSIVE WEEKLY CUTOUT VALUE: Week ending 05/24 $308.12 +5.99 CUTTER 90% 350# UP C/O: $274.83 +0.05 NAT'L BONELESS BF TRIM: 8.2 5lds / Mostly steady on lite-mod demand & offers 90% TRIM: 0 lds: Wtd Avg: $NA / FI KILL(WTD) TUE 123(125) WK AGO 122(242) YR AGO 126(128) MON 2 WK AGO 120 YR AGO 3 Previous Day Breakdown: THU SH 99 / CB 23 WEEKLY CANADIAN CATTLE IMPORTS. WK ENDING FEEDERS SLAUGHTER S&H Week Ending: 05/11/24 5,316 7,587 Week Ending: 05/04/24 5,113 10,010 Change from prev week: +203 -2,423