DTN Cattle Close/Trends 03/04 16:05

USDA MARKET NEWS--AFTERNOON CATTLE REPORT 03/04/21 VOLUME USDA TOTAL RANGE DTN PRACTICAL RANGE WT AVG KANSAS CONFIRMED CASH SALES - TODAY: 324 WEEK TO DATE: 14,498 STEERS LIVE FOB 66 113.00-113.00 113.00-113.00 113.00 STEERS LIVE DELIVERED No reportable trade HEIFERS LIVE FOB No reportable trade HEIFERS LIVE DELIVERED No reportable trade NEBRASKA CONFIRMED CASH SALES - TODAY: 1,607 WEEK TO DATE: 14,600 STEERS DRESSED DELIVERED 474 178.00-182.00 178.00-182.00 179.48 STEERS DRESSED FOB 105 180.00-180.00 180.00-180.00 180.00 HEIFERS DRESSED DELIVERED 107 180.00-182.00 180.00-182.00 181.27 HEIFERS DRESSED FOB No reportable trade TEXAS CONFIRMED CASH SALES - TODAY: 0 WEEK TO DATE: 8,725 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: 2,789 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: 2,490 WEEK TO DATE: 10,405 STEERS DRESSED DELIVERED 1,348 178.00-180.00 178.00-180.00 178.74 STEERS DRESSED FOB 38 180.00-180.00 180.00-180.00 180.00 HEIFERS DRESSED DELIVERED 125 180.00-180.00 180.00-180.00 180.00 HEIFERS DRESSED FOB No reportable trade COMMENTS: The live cattle contracts closed lower as the cash cattle market continues to give up leverage and scale lower. There wasn't a whole lot of business that developed but of the cattle that did trade Northern cattle sold for $113 to $114 live and $180 dressed, and Southern cattle sold again for $114. Thursday's actual slaughter data came out for the week ending 2/20/2021 which was when the nation's temperatures dropped, and snow capped the South. Both steer and heifer weights dropped significantly. Steers averaged 909 pounds (down ten pounds from the previous week) and heifers averaged 841 pounds (down nine pounds from the previous week). 5-AREA LV STR AVG(FOB)PR&WT:$113.85(1411) HIDE&OFFAL: $9.80 +.02 CARCASS EQV INDEX CHOICE (600-900#) SELECT (600-900#) #OF HD LIVE BASED $169.19 $156.63 98,748 BOX BASED $221.88 $209.68 37,673 AVE INDEX $195.53 +0.16 $183.16 -1.54 136,421 BEEF CUTOUTS CHOICE (600-900#) SELECT (600-900#) $233.88 +0.85 $221.68 -2.56 73.84 LDS CH CUTS / 20.35 LDS SEL CUTS / 14.11 LDS TRIM / 18.24 LDS GROUND BOXED BEEF TREND: Not available due to changes on USDA reports COMPREHENSIVE WEEKLY CUTOUT VALUE: Week ending 02/26 $234.32 +2.28 CUTTER 90% 350# UP C/O: $187.30 -0.07 NAT'L BONELESS BF TRIM: 66.84 lds / Sharply lower 90% TRIM: 13 lds: Wtd Avg $232.60 / Generally steady FI KILL(WTD) THR 121(485) WK AGO 121(483) YR AGO 124(493) MIX: TUE SH93/CB28 WEEKLY CANADIAN CATTLE IMPORTS. FEEDERS SLAUGHTER S&H Week Ending: 02/20/21 1,224 10,472 Week Ending: 02/13/21 947 10,566 Change from prev week: +277 -94