DTN Cattle Close/Trends 11/09 16:05

USDA MARKET NEWS--AFTERNOON CATTLE REPORT 11/09/22 VOLUME USDA TOTAL RANGE DTN PRACTICAL RANGE WT AVG KANSAS CONFIRMED CASH SALES - TODAY: 5,631 WEEK TO DATE: 5,631 STEERS LIVE FOB 2,034 150.00-150.00 150.00-150.00 150.00 STEERS LIVE DELIVERED No reportable trade HEIFERS LIVE FOB 1,444 150.00-150.00 150.00-150.00 150.00 HEIFERS LIVE DELIVERED No reportable trade NEBRASKA CONFIRMED CASH SALES - TODAY: 3,725 WEEK TO DATE: 3,844 STEERS DRESSED DELIVERED 794 242.00-242.00 242.00-242.00 242.00 STEERS DRESSED FOB No reportable trade HEIFERS DRESSED DELIVERED 1,019 242.00-242.00 242.00-242.00 242.00 HEIFERS DRESSED FOB No reportable trade TEXAS CONFIRMED CASH SALES - TODAY: 6,118 WEEK TO DATE: 6,118 STEERS LIVE FOB 3,649 150.00-150.00 150.00-150.00 150.00 STEERS LIVE DELIVERED No reportable trade HEIFERS LIVE FOB 1,672 150.00-150.00 150.00-150.00 150.00 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 NA due to confidentiality HEIFERS LIVE FOB NA due to confidentiality HEIFERS LIVE DELIVERED NA due to confidentiality IOWA CONFIRMED CASH SALES - TODAY: 5,012 WEEK TO DATE: 5,012 STEERS DRESSED DELIVERED 1,857 240.00-242.00 240.00-242.00 241.96 STEERS DRESSED FOB No reportable trade HEIFERS DRESSED DELIVERED 760 242.00-242.00 242.00-242.00 242.00 HEIFERS DRESSED FOB No reportable trade COMMENTS: Packers strategically used the day's technical downspin to pressure cash as some Southern cattle traded for $150 and a light movement of Northern cattle sold for $242 -- both of which are steady with last week's market. The North still needs to trade quite a few more cattle and so it wouldn't surprise me to see prices remain steady with the week or move somewhat higher. 5-AREA LV STR AVG(FOB)PR&WT: $155.00(1493)HIDE&OFFAL: $14.82 +0.04 CARCASS EQV INDEX CHOICE (600-900#) SELECT (600-900#) HEAD SUPPLY (Live) $224.68 $195.65 72,989 DEMAND (Box) $252.67 $223.22 47,869 INDEX VALUE $238.68 -0.18 $209.43 -0.46 120,585 BEEF CUTOUTS CHOICE (600-900#) SELECT (600-900#) $264.67 -0.27 $235.22 -0.83 94.38 LDS CH CUTS / 16.79 LDS SEL CUTS / 19.72 LDS TRIM / 10.91 LDS GROUND DAILY CHOICE/SELECT SPREAD $29.45 TOTAL LOAD COUNT 142 COMPREHENSIVE WEEKLY CUTOUT VALUE: Week ending 11/04 255.28 +1.73 CUTTER 90% 350# UP C/O: $195.88 +0.39 NAT'L BONELESS BF TRIM: 38.08 lds / unevenly steady mod demand & hvy offers 90% TRIM: 13 lds: Wtd Avg: $246.37 / Firm FI KILL(WTD) WED 129(381) WK AGO 129(385) YR AGO 123(367) MIX: TUE SH100/CB29 WEEKLY CANADIAN CATTLE IMPORTS. WK ENDING FEEDERS SLAUGHTER S&H Week Ending: 10/29/22 2,708 10,391 Week Ending: 10/22/22 2,382 10,986 Change from prev week: +326 +595