DTN Cattle Close/Trends 11/25 16:00
25 Nov 2020
USDA MARKET NEWS--AFTERNOON CATTLE REPORT 11/25/20 VOLUME USDA TOTAL RANGE DTN PRACTICAL RANGE WT AVG KANSAS CONFIRMED CASH SALES - TODAY: 13,036 WEEK TO DATE: 13,036 STEERS LIVE FOB 8,108 110.00-111.00 110.00-111.00 110.99 STEERS LIVE DELIVERED No reportable trade HEIFERS LIVE FOB 3,346 108.50-111.00 108.50-111.00 111.90 HEIFERS LIVE DELIVERED No reportable trade NEBRASKA CONFIRMED CASH SALES - TODAY: 7,484 WEEK TO DATE: 8,254 STEERS DRESSED DELIVERED 3,150 171.00-174.00 171.00-174.00 173.18 STEERS DRESSED FOB 35 172.00-172.00 172.00-172.00 172.00 HEIFERS DRESSED DELIVERED 1,505 172.00-174.00 172.00-174.00 173.82 HEIFERS DRESSED FOB No reportable trade TEXAS CONFIRMED CASH SALES - TODAY: 2,573 WEEK TO DATE: 2,573 STEERS LIVE FOB 825 110.75-111.00 110.75-111.00 110.93 STEERS LIVE DELIVERED No reportable trade HEIFERS LIVE FOB 1,451 111.00-111.00 111.00-111.00 111.00 HEIFERS LIVE DELIVERED No reportable trade COLORADO CONFIRMED CASH SALES - TODAY: NA Conf WEEK TO DATE: NA Conf STEERS LIVE FOB NA Due to Confidentiality STEERS LIVE DELIVERED No reportable trade HEIFERS LIVE FOB NA Due to Confidentiality HEIFERS LIVE DELIVERED No reportable trade IOWA CONFIRMED CASH SALES - TODAY: 5,110 WEEK TO DATE: 16,175 STEERS DRESSED DELIVERED 1,557 171.00-174.00 171.00-174.00 173.82 STEERS DRESSED FOB 102 170.00-171.00 170.00-171.00 170.67 HEIFERS DRESSED DELIVERED 816 172.00-174.00 172.00-174.00 173.21 HEIFERS DRESSED FOB 126 171.00-171.00 171.00-171.00 171.00 COMMENTS: There's been some cash cattle trade but thus far it's only been a light movement at steady to $1.00 higher than a week ago. The futures market has really supported cash sellers and higher boxed beef prices will keep packers encouraged to keep buying and processing. Achieving $113 by the end of the week isn't out of the question if feedlots don't weaken late Wednesday evening and continue to rally together. 5-AREA LV STR AVG(FOB)PR&WT: $109.37 (1523) HIDE&OFFAL: $8.45 Unchgd CARCASS EQV INDEX CHOICE (600-900#) SELECT (600-900#) #OF HD LIVE BASED $164.33 $146.70 89,374 BOX BASED $233.06 $208.90 49,190 AVE INDEX $198.69 +0.35 $177.80 +0.57 138,564 BEEF CUTOUTS CHOICE (600-900#) SELECT (600-900#) $245.06 +0.76 $220.90 +1.19 75.79 LDS CH CUTS / 18.62 LDS SEL CUTS / 8.20 LDS TRIM / 13.61 LDS GROUND BOXED BEEF TREND: Not available due to changes on USDA reports COMPREHENSIVE WEEKLY CUTOUT VALUE: Week ending 11/20 $226.48 +10.82 CUTTER 90% 350# UP C/O: $166.82 -1.23 NAT'L BONELESS BF TRIM: 61.03 lds / Mostly sharply lower 90% TRIM: 30 lds: Wtd Avg $200.90 / Sharply lwr on lgt dem-offers FI KILL(WTD) WED 118(360) WK AGO 119(359) YR AGO 119(348) MIX: TUES SH96/CB26 WEEKLY CANADIAN CATTLE IMPORTS. FEEDERS SLAUGHTER S&H Week Ending: 11/14/20 3,307 10,751 Week Ending: 11/07/20 3,160 11,349 Change from prev week: +147 -598