DTN Cattle Close/Trends 03/05 16:12

USDA MARKET NEWS--AFTERNOON CATTLE REPORT 03/05/21 VOLUME USDA TOTAL RANGE DTN PRACTICAL RANGE WT AVG KANSAS CONFIRMED CASH SALES - TODAY: 0 WEEK TO DATE: 14,859 STEERS LIVE FOB No reportable trade STEERS LIVE DELIVERED No reportable trade HEIFERS LIVE FOB No reportable trade HEIFERS LIVE DELIVERED No reportable trade NEBRASKA CONFIRMED CASH SALES - TODAY: 3,303 WEEK TO DATE: 18,294 STEERS DRESSED DELIVERED 338 180.00-180.00 180.00-180.00 180.00 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: 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: 1,948 WEEK TO DATE: 4,737 STEERS LIVE FOB 1,948 113.00-114.00 113.00-114.00 113.59 STEERS LIVE DELIVERED No reportable trade HEIFERS LIVE FOB No reportable trade HEIFERS LIVE DELIVERED No reportable trade IOWA CONFIRMED CASH SALES - TODAY: 4,287 WEEK TO DATE: 19,059 STEERS DRESSED DELIVERED No reportable trade STEERS DRESSED FOB No reportable trade HEIFERS DRESSED DELIVERED No reportable trade HEIFERS DRESSED FOB No reportable trade COMMENTS: The biggest disappointment this week was by far in the week's cash cattle market - in both its time and price. Packers love to say that they don't need cattle but then why were they bidding as early as Wednesday? If they were able to bid $114 on Wednesday, think about what their bids could have been Friday morning if the market wouldn't have traded! Cattle that traded this week in the Southern plains sold mostly for $114 though some sold for $113, and Northern dressed cattle sold for $180. 5-AREA LV STR AVG(FOB)PR&WT:$113.23(1522) HIDE&OFFAL: $9.80 Unchgd CARCASS EQV INDEX CHOICE (600-900#) SELECT (600-900#) #OF HD LIVE BASED $168.37 $155.81 82,412 BOX BASED $219.33 $208.85 41,716 AVE INDEX $193.85 -1.68 $182.33 -0.83 124,128 BEEF CUTOUTS CHOICE (600-900#) SELECT (600-900#) $231.33 -2.55 $220.85 -0.83 67.34 LDS CH CUTS / 18.21 LDS SEL CUTS / 15.84 LDS TRIM / 11.05 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: $187.98 +0.18 NAT'L BONELESS BF TRIM: 55.80 lds / Generally higher 90% TRIM: 08 lds: Wtd Avg $232.99 / Generally steady FI KILL(WTD) FRI 109(594) WK AGO 119(602) YR AGO 119(612) MIX: THR SH94/CB27 SAT 71(665) WK AGO 64(666) YR AGO 37(649) 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