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DTN Cattle Close/Trends 03/02 16:05

2 Mar 2021
USDA MARKET NEWS--AFTERNOON CATTLE REPORT 03/02/21 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: 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 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: 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 IOWA CONFIRMED CASH SALES - TODAY: 0 WEEK TO DATE: 39 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: While the April live cattle contract sits at $119.42, feedlots know that its long past time to see the cash market grab a gear and trade higher. Getting packers on board with paying higher prices won't be an easy feat but as they continue to run swift processing speeds, they will need to restock supplies. It's unlikely that trade will really develop until sometime Thursday or Friday. 5-AREA LV STR AVG(FOB)PR&WT: N/A HIDE&OFFAL: $9.78 Unchg CARCASS EQV INDEX CHOICE (600-900#) SELECT (600-900#) #OF HD LIVE BASED $169.69 $157.14 64,808 BOX BASED $222.68 $214.17 35,729 AVE INDEX $196.18 -2.18 $185.65 -0.74 100,537 BEEF CUTOUTS CHOICE (600-900#) SELECT (600-900#) $234.68 -1.50 $226.17 -1.47 74.61 LDS CH CUTS / 19.43 LDS SEL CUTS / 5.98 LDS TRIM / 12.00 LDS GROUND BOXED BEEF TREND: Not available due to changes on USDA reports COMPREHENSIVE WEEKLY CUTOUT VALUE: Week ending 02/26 $234.32 +2.28 CUTTER 90% 350# UP C/O: $188.47 -0.36 NAT'L BONELESS BF TRIM: 25.72 lds / Shrply higher 90% TRIM: 00 lds: Wtd Avg N/A / Not established FI KILL(WTD) TUE 123(243) WK AGO 122(241) YR AGO124(247) MIX: MON SH95/CB25 WEEKLY CANADIAN CATTLE IMPORTS. FEEDERS SLAUGHTER S&H Week Ending: 02/13/21 947 10,566 Week Ending: 02/06/21 1,042 11,578 Change from prev week: -95 -1,012