DTN Cattle Close/Trends 07/05 16:18
5 Jul 2022
USDA MARKET NEWS--AFTERNOON CATTLE REPORT 07/05/22 VOLUME USDA TOTAL RANGE DTN PRACTICAL RANGE WT AVG KANSAS CONFIRMED CASH SALES - TODAY: 0 WEEK TO DATE: 0 STEERS LIVE FOB No reportable dressed 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 due to confidential STEERS LIVE DELIVERED No reportable trade due to confidential HEIFERS LIVE FOB No reportable trade due to confidential HEIFERS LIVE DELIVERED No reportable trade due to confidential IOWA CONFIRMED CASH SALES - TODAY: 0 WEEK TO DATE: 0 STEERS DRESSED DELIVERED No reportable dressed trade STEERS DRESSED FOB No reportable trade HEIFERS DRESSED DELIVERED No reportable trade HEIFERS DRESSED FOB No reportable trade COMMENTS: The cash cattle market didn't see any trade develop throughout Tuesday's market. It's likely that the market sees more interest develop by Wednesday, but trade could hold out until later in the week. Packers do have cattle committed for this week and next, so it's a tough call as to how prices will fair this week. But given that only 71,137 head traded last week, it's likely that they'll have to buy some cattle in the cash market. 5-AREA LV STR AVG(FOB)PR&WT: N/A HIDE&OFFAL: $13.95 Unchg CARCASS EQV INDEX CHOICE (600-900#) SELECT (600-900#) HEAD SUPPLY (Live) $214.94 $195.02 53,558 DEMAND (Box) $252.66 $227.87 43,746 INDEX VALUE $233.80 +0.31 $211.44 -0.61 97,304 BEEF CUTOUTS CHOICE (600-900#) SELECT (600-900#) $264.66 +0.84 $239.87 -0.60 68.41 LDS CH CUTS / 18.03 LDS SEL CUTS / 9.25 LDS TRIM / 12.86 LDS GROUND DAILY CHOICE/SELECT SPREAD $24.79 TOTAL LOAD COUNT 109 COMPREHENSIVE WEEKLY CUTOUT VALUE: Week ending 07/01 $260.97 -1.41 CUTTER 90% 350# UP C/O: $220.00 +1.94 NAT'L BONELESS BF TRIM: 46.06 lds / Gen stdy on lgt-moder dem & offers 90% TRIM: 17 lds: Wtd Avg: $278.10 / Sharply higher FI KILL(WTD) TUE 126(128) WK AGO 126(251) YR AGO 120(132) MIX: MON SH01/CB01 WEEKLY CANADIAN CATTLE IMPORTS. WK ENDING FEEDERS SLAUGHTER S&H Week Ending: 06/18/22 4,002 8,301 Week Ending: 06/11/22 3,909 6,091 Change from prev week: +93 -2,210