DTN Cattle Close/Trends 08/27 16:20
27 Aug 2020
USDA MARKET NEWS--AFTERNOON CATTLE REPORT 08/27/20 VOLUME USDA TOTAL RANGE DTN PRACTICAL RANGE WT AVG KANSAS CONFIRMED CASH SALES - TODAY: 99 WEEK TO DATE: 14,577 STEERS LIVE FOB 99 104.00-104.00 104.00-104.00 104.00 STEERS LIVE DELIVERED No reportable trade HEIFERS LIVE FOB No reportable trade HEIFERS LIVE DELIVERED No reportable trade NEBRASKA CONFIRMED CASH SALES - TODAY: 1,062 WEEK TO DATE: 25,530 STEERS DRESSED DELIVERED 696 165.00-168.00 165.00-168.00 165.63 STEERS DRESSED FOB No reportable trade HEIFERS DRESSED DELIVERED No reportable trade HEIFERS DRESSED FOB No reportable trade TEXAS CONFIRMED CASH SALES - TODAY: 60 WEEK TO DATE: 15,555 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: 2,004 WEEK TO DATE: 23,482 STEERS DRESSED DELIVERED 551 164.00-166.00 164.00-166.00 165.06 STEERS DRESSED FOB No reportable trade HEIFERS DRESSED DELIVERED 84 166.00-166.00 166.00-166.00 166.00 HEIFERS DRESSED FOB No reportable trade COMMENTS: Thursday's trade was isolated and minimal as packers sit on a healthy supply of cattle and aren't willing to pay this week's full asking price. More trade should develop by Friday and unfortunately steady prices are expected at best. Thursday's actual slaughter data shared for the week ending 08/15/2020 slaughter was actually 1.69% higher than the previous report totaling 643,681 head, but carcass weights were also higher. Actual live weights averaged 1,367 lbs. (up 6 lbs.) and actual dressed weights averaged 836 lbs. (up 3 lbs.). 5-AREA LV STR AVG(FOB)PR&WT: $105.18(1474) HIDE&OFFAL: $7.81 Unchg CARCASS EQV INDEX CHOICE (600-900#) SELECT (600-900#) #OF HD LIVE BASED $160.91 $145.73 121,629 BOX BASED $219.54 $202.26 39,106 AVE INDEX $190.23 -0.40 $173.99 -0.38 160,735 BEEF CUTOUTS CHOICE (600-900#) SELECT (600-900#) $231.54 +0.09 $214.26 +0.15 46.08 LDS CH CUTS / 11.89 LDS SEL CUTS /38.77 LDS TRIM / 13.49 LDS GROUND BOXED BEEF TREND: higher COMPREHENSIVE WEEKLY CUTOUT VALUE: Week ending 08/21 $211.87 +7.20 CUTTER 90% 350# UP C/O: $184.43 +2.00 NAT'L BONELESS BF TRIM: 66.62 lds / Shrply lwr on lgt dem & hvy offers 90% TRIM: 5 lds: Wtd Avg $228.60 / Unevenly steady FI KILL(WTD) THR 119(472) WK AGO 119(470) YR AGO 118(471) MIX: WED SH93/CB25 WEEKLY CANADIAN CATTLE IMPORTS. FEEDERS SLAUGHTER S&H Week Ending: 08/15/20 1,228 6,079 Week Ending: 08/08/20 1,101 6,641 Change from prev week: +127 -562