DTN Cattle Close/Trends 04/25 17:23

USDA MARKET NEWS--AFTERNOON CATTLE REPORT 04/25/22 VOLUME USDA TOTAL RANGE DTN PRACTICAL RANGE WT AVG KANSAS CONFIRMED CASH SALES - TODAY: 839 WEEK TO DATE: 839 STEERS LIVE FOB 362 140.00-140.00 140.00-140.00 140.00 STEERS LIVE DELIVERED No reportable trade HEIFERS LIVE FOB 477 140.00-140.00 140.00-140.00 140.00 HEIFERS LIVE DELIVERED No reportable trade NEBRASKA CONFIRMED CASH SALES - TODAY: 80 WEEK TO DATE: 80 STEERS DRESSED DELIVERED 80 225.00-225.00 225.00-225.00 225.00 STEERS DRESSED FOB No reportable trade HEIFERS DRESSED DELIVERED No reportable trade HEIFERS DRESSED FOB No reportable trade TEXAS CONFIRMED CASH SALES - TODAY: 4,235 WEEK TO DATE: 4,235 STEERS LIVE FOB 2,598 140.00-140.00 140.00-140.00 140.00 STEERS LIVE DELIVERED No reportable trade HEIFERS LIVE FOB 1,557 140.00-140.00 140.00-140.00 140.00 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: 767 WEEK TO DATE: 767 STEERS DRESSED DELIVERED 544 228.00-230.00 228.00-230.00 229.73 STEERS DRESSED FOB No reportable trade HEIFERS DRESSED DELIVERED No reportable dressed trade HEIFERS DRESSED FOB No reportable trade COMMENTS: Time is of the essence and feedlots know that regardless of what the board does, if they wish to capitalize on the market at hand they'll need to act swiftly as calf-fed fats are nearing the market. Showlists this week are lower in Kansas, Nebraska and Colorado but somewhat higher in Texas. The market saw some light trade develop but it certainly wasn't enough to say that any sort of trend was established. Boxed beef prices closed mixed: choice down $1.31 ($266.60) and select up $1.75 ($256.62) with a movement of 67 loads (24.85 loads of choice, 19.05 loads of select, 5.03 loads of trim and 17.89 loads of ground beef). 5-AREA LV STR AVG(FOB)PR&WT: $144.47(1526) HIDE&OFFAL: $13.35 Unchg CARCASS EQV INDEX CHOICE (600-900#) SELECT (600-900#) #OF HD LIVE BASED $212.23 $200.36 88,138 BOX BASED $254.60 $244.52 37,825 AVE INDEX $233.42 -0.54 $222.44 +0.98 125,963 BEEF CUTOUTS CHOICE (600-900#) SELECT (600-900#) $266.60 -1.31 $256.52 +1.75 24.85 LDS CH CUTS / 19.05 LDS SEL CUTS / 5.03 LDS TRIM / 17.89 LDS GROUND DAILY CHOICE/SELECT SPREAD $10.08 TOTAL LOAD COUNT 67 COMPREHENSIVE WEEKLY CUTOUT VALUE: Week ending 04/22 $269.85 -3.00 CUTTER 90% 350# UP C/O: $223.89 +2.36 NAT'L BONELESS BF TRIM: 53.34 lds / Slightly HR; mod dem; lite offers 90% TRIM: 03 lds: Wtd Avg: $274.28/ FI KILL(WTD) MON 125 WK AGO 112 YR AGO 118 MIX: FRI SH93/CB26 SAT SH53/CB10 WEEKLY CANADIAN CATTLE IMPORTS. WK ENDING FEEDERS SLAUGHTER S&H Week Ending: 04/09/22 5,505 11,485 Week Ending: 04/02/22 7,445 9,868 Change from prev week: -1,940 +1,617