DTN Cattle Close/Trends 07/09 16:10

USDA MARKET NEWS--AFTERNOON CATTLE REPORT 07/09/21 VOLUME USDA TOTAL RANGE DTN PRACTICAL RANGE WT AVG KANSAS CONFIRMED CASH SALES - TODAY: 381 WEEK TO DATE: 18,775 STEERS LIVE FOB 221 118.00-119.00 118.00-119.00 118.69 STEERS LIVE DELIVERED No reportable trade HEIFERS LIVE FOB 126 120.00-120.00 120.00-120.00 120.00 HEIFERS LIVE DELIVERED No reportable trade NEBRASKA CONFIRMED CASH SALES - TODAY: 636 WEEK TO DATE: 18,274 STEERS DRESSED DELIVERED 576 196.00-198.50 196.00-198.50 197.15 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: 7,480 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 Not available due to confidentiality STEERS LIVE DELIVERED Not available due to confidentiality HEIFERS LIVE FOB Not available due to confidentiality HEIFERS LIVE DELIVERED Not available due to confidentiality IOWA CONFIRMED CASH SALES - TODAY: 2,299 WEEK TO DATE: 24,038 STEERS DRESSED DELIVERED 901 196.00-197.00 196.00-197.00 196.52 STEERS DRESSED FOB No reportable trade HEIFERS DRESSED DELIVERED No reportable trade HEIFERS DRESSED FOB No reportable trade COMMENTS: Friday's cash cattle trade was mostly nonexistent as packers had secured their needs earlier in the week and so consequently the market sat idle waiting for the weekend. This past week live cattle trade for mostly $119 to $120, and dressed cattle traded for mostly $197 to $198. With packers being able to continuously add to their forward bought purchases, their need to dive wildly into the market is minimal and so next week's trade is assumed to be steady at best. 5-AREA LV STR AVG(FOB)PR&WT: $126.96(1446) HIDE&OFFAL: $12.83 unchgd CARCASS EQV INDEX CHOICE (600-900#) SELECT (600-900#) #OF HD LIVE BASED $182.84 $156.58 69,500 BOX BASED $266.59 $245.41 46,582 AVE INDEX $224.54 -1.87 $200.99 -1.51 116,082 BEEF CUTOUTS CHOICE (600-900#) SELECT (600-900#) $278.59 -3.38 $257.41 -2.65 48.59 LDS CH CUTS / 31.86 LDS SEL CUTS / 8.77 LDS TRIM / 20.26 LDS GROUND DAILY CHOICE/SELECT SPREAD $21.91 TOTAL LOAD COUNT 130 COMPREHENSIVE WEEKLY CUTOUT VALUE: Week ending 07/03 $290.63 -15.09 CUTTER 90% 350# UP C/O: $230.24 +0.47 NAT'L BONELESS BF TRIM: 60.09 lds / Shrply hr on good dem & lgt-moder offers 90% TRIM: 19 lds: Wtd Avg $281.88 / Moderately higher FI KILL(WTD) FRI 120(487) WK AGO 113(590) YR AGO 116(583) MIX: THR SH95/CB25 SAT 95(582) WK AGO 36(626) YR AGO 66(649) WEEKLY CANADIAN CATTLE IMPORTS. FEEDERS SLAUGHTER S&H Week Ending: 06/26/21 1,818 4,114 Week Ending: 06/19/21 1,721 4,206 Change from prev week: +97 -92