DTN Cattle Close/Trends 11/27 15:53

USDA MARKET NEWS--AFTERNOON CATTLE REPORT 11/27/24 VOLUME USDA TOTAL RANGE DTN PRACTICAL RANGE WT AVG KANSAS CONFIRMED CASH SALES - TODAY: 4,183 WEEK TO DATE: 4,183 STEERS LIVE FOB 2,213 190.00-190.00 190.00-190.00 190.00 STEERS LIVE DELIVERED No reportable trade HEIFERS LIVE FOB 550 190.00-190.00 190.00-190.00 190.00 HEIFERS LIVE DELIVERED No reportable trade NEBRASKA CONFIRMED CASH SALES - TODAY: 8,802 WEEK TO DATE: 8,802 STEERS DRESSED DELIVERED 423 295.00-295.00 295.00-295.00 295.00 STEERS DRESSED FOB 265 300.00-300.00 300.00-300.00 300.00 HEIFERS DRESSED DELIVERED 123 295.00-295.00 295.00-295.00 295.00 HEIFERS DRESSED FOB 185 300.00-300.00 300.00-300.00 300.00 TEXAS CONFIRMED CASH SALES - TODAY: 5,377 WEEK TO DATE: 7,377 STEERS LIVE FOB 2,421 188.00-190.00 188.00-190.00 189.17 STEERS LIVE DELIVERED No reportable trade HEIFERS LIVE FOB 1,834 188.00-190.00 188.00-190.00 189.39 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: 16,851 WEEK TO DATE: 17,985 STEERS DRESSED DELIVERED 772 294.00-306.00 294.00-306.00 300.08 STEERS DRESSED FOB 404 298.00-300.00 298.00-300.00 299.06 HEIFERS DRESSED DELIVERED 170 294.00-294.00 294.00-294.00 294.00 HEIFERS DRESSED FOB 153 300.00-300.00 300.00-300.00 300.00 COMMENTS: Throughout the day Southern live cattle were sold for mostly $190, which is $3.00 to $4.00 higher than last week's weighted average. Northern dressed cattle sold at mostly $295, which is $5.00 higher than last week's weighed average. What was especially interesting about the sales made in Nebraska was that packers committed the cattle for delivery on the weeks of 12/2/2024, and 12/16/2024. Again this indicates that packers were indeed short bought coming into this week, which is why we saw so much interest in the cash market. Asking prices for cattle left in the South is firm at $190 and in the North at $298. 5-AREA LV STR AVG(NEG)PR&WT: $187.00(1575) HIDE&OFFAL: $11.20 Unch CARCASS EQV INDEX CHOICE (600-900#) SELECT (600-900#) HEAD SUPPLY (Live) $283.32 $253.40 51,427 DEMAND (Box) $299.26 $262.30 49,295 INDEX VALUE $291.29 -0.07 $262.30 -0.51 100,722 BEEF CUTOUTS CHOICE (600-900#) SELECT (600-900#) $311.26 -0.31 $274.30 -1.19 114.95 LDS CH CUTS / 27.80 LDS SEL CUTS / 9.22 LDS TRIM / 22.72 LDS GROUND DAILY CHOICE/SELECT SPREAD $36.96 TOTAL LOAD COUNT 175 COMPREHENSIVE WEEKLY CUTOUT VALUE: Week ending 11/22 $302.58 -5.38 CUTTER 90% 350# UP C/O: $258.46 -1.89 NAT'L BONELESS BF TRIM: 40.98 lds / Shply lwr on lgt dem & mod offers 90% TRIM: 19 lds: Wtd Avg: $324.63 / Mostly mod to shply lwr FI KILL(WTD) WED 124(370) WK AGO 127(371) YR AGO 126(377) *PREVIOUS DAY BREAKDOWN: TUESDAY SH102/CB24 WEEKLY CANADIAN CATTLE IMPORTS. WK ENDING FEEDERS SLAUGHTER S&H Week Ending: 11/16/24 2,495 12,383 Week Ending: 11/09/24 3,587 12,585 Change from prev week: -1,092 -202