DTN Cattle Close/Trends 07/06 16:02
6 Jul 2022
USDA MARKET NEWS--AFTERNOON CATTLE REPORT 07/06/22 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: 90 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: 598 WEEK TO DATE: 640 STEERS DRESSED DELIVERED 105 235.00-235.00 235.00-235.00 235.00 STEERS DRESSED FOB No reportable trade HEIFERS DRESSED DELIVERED No reportable trade HEIFERS DRESSED FOB No reportable trade COMMENTS: There's been a few cattle trade live for $148 to $150 (some of which aren't committed until the week of 7/25/2022) but largely the market sits untested and undeveloped. Heading into Thursday's market all eyes will be on the cash market as feedlots are batting for higher prices and given that cattle haven't really sold yet, there's a possibility that they move the market higher. 5-AREA LV STR AVG(FOB)PR&WT: N/A HIDE&OFFAL: $13.77 -0.18 CARCASS EQV INDEX CHOICE (600-900#) SELECT (600-900#) HEAD SUPPLY (Live) $215.29 $195.36 52,412 DEMAND (Box) $256.05 $230.93 41,337 INDEX VALUE $235.67 +1.87 $213.15 -1.71 93,749 BEEF CUTOUTS CHOICE (600-900#) SELECT (600-900#) $268.05 +3.39 $242.93 +3.06 65.64 LDS CH CUTS / 32.71 LDS SEL CUTS / 8.14 LDS TRIM / 14.94 LDS GROUND DAILY CHOICE/SELECT SPREAD $25.12 TOTAL LOAD COUNT 121 COMPREHENSIVE WEEKLY CUTOUT VALUE: Week ending 07/01 $260.97 -1.41 CUTTER 90% 350# UP C/O: $220.33 +0.33 NAT'L BONELESS BF TRIM: 18.47 lds / Weak to slgtly lwr on lgt dem lgt-moder dem 90% TRIM: 0 lds: Wtd Avg: N/A / Not fully established FI KILL(WTD) WED 126(254) WK AGO 124(375) YR AGO 121(253) MIX: TUE SH100/CB26 WEEKLY CANADIAN CATTLE IMPORTS. WK ENDING FEEDERS SLAUGHTER S&H Week Ending: 06/25/22 2,940 8,427 Week Ending: 06/18/22 4,002 8,301 Change from prev week: -1,062 +126