DTN Cattle Close/Trends 02/25 15:45
25 Feb 2020
USDA MARKET NEWS--AFTERNOON CATTLE REPORT 02/25/20 VOLUME USDA TOTAL RANGE DTN PRACTICAL RANGE WT AVG KANSAS CONFIRMED CASH SALES - TODAY: 3,013 WEEK TO DATE: 3,013 STEERS LIVE FOB 1,746 115.00-115.00 115.00-115.00 115.00 STEERS LIVE DELIVERED No reportable trade HEIFERS LIVE FOB 831 115.00-115.00 115.00-115.00 115.00 HEIFERS LIVE DELIVERED No reportable trade NEBRASKA CONFIRMED CASH SALES - TODAY: 7,489 WEEK TO DATE: 7,742 STEERS DRESSED DELIVERED 4,336 185.00-187.00 186.00-187.00 186.24 STEERS DRESSED FOB No reportable trade HEIFERS DRESSED DELIVERED 2,094 185.00-187.00 186.00-187.00 185.72 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 Trade not available due to confidentiality STEERS LIVE DELIVERED Trade not available due to confidentiality HEIFERS LIVE FOB Trade not available due to confidentiality HEIFERS LIVE DELIVERED Trade not available due to confidentiality IOWA CONFIRMED CASH SALES - TODAY: 1,906 WEEK TO DATE: 5,564 STEERS DRESSED DELIVERED 840 185.00-187.00 185.00-187.00 185.87 STEERS DRESSED FOB No reportable trade HEIFERS DRESSED DELIVERED 400 186.00-186.00 186.00-186.00 186.00 HEIFERS DRESSED FOB No reportable trade COMMENTS: A light trade developed in parts of both the North and the South this afternoon. Northern dressed trade was at mostly $187, roughly $3 lower than last week's weighted average basis Nebraska. Southern live biz was at $115, generally $5 lower than the prior week's weighted averages. According to the Mandatory reports listed above trade volume totals look very light, but tomorrow's summaries will likely show somewhat higher trade volume totals as much of today's trade was done after Mandatory cutoff time. This early trade seems to be due in part to another round of sharply lower cattle futures and outside markets, due to growing coronavirus concerns. 5-AREA LV STR AVG(FOB)PR&WT: $116.44(1535) HIDE&OFFAL: $8.93 Unchg CARCASS EQV INDEX CHOICE (600-900#) SELECT (600-900#) #OF HD LIVE BASED $180.31 $174.62 80,416 BOX BASED $195.47 $187.90 52,055 AVE INDEX $187.89 +0.09 $181.26 -1.34 132,471 BEEF CUTOUTS CHOICE (600-900#) SELECT (600-900#) $207.47 +0.40 $199.90 -2.47 61.59 LDS CH CUTS / 37.10 LDS SEL CUTS / 0.00 LDS TRIM / 41.82 LDS GROUND BOXED BEEF TREND: Frm on Ch & shrply lr on Sel on lt-mod dem & offers COMPREHENSIVE WEEKLY CUTOUT VALUE: Week ending 02/21 $210.86 -0.87 CUTTER 90% 350# UP C/O: $180.67 +2.68 NAT'L BONELESS BF TRIM: 22.58 lds / Not fully established 90% TRIM: 10 lds: Wtd Avg $234.76 / Sharply lower FI KILL(WTD) TUE 124(242) WK AGO 123(230) YR AGO 118(233) MIX: MON SH93/CB25 WEEKLY CANADIAN CATTLE IMPORTS. FEEDERS SLAUGHTER S&H Week Ending: 02/08/20 1,897 10,915 Week Ending: 02/01/20 1,869 11,784 Change from prev week: +28 -869