DTN CATTLE PRICES/TRENDS 06/16 11:00
HEAD SOLD LIVE STEERS DRESSED LIVE HEIFERS DRESSED
KANSAS 1,500 122 . 122 .
NEBRASKA 900 124 195 124 *195(BID)
TEXAS . . . . .
COLORADO . . . . .
IOWA . . . . .
DTN COMMENTS: A light trade is being reported in parts of Nebraska, and
Kansas this morning at fully steady money with yesterday's advance. Northern
dressed deals were at $193 to $195, $2 to $4 higher than last week's
weighted average basis Nebraska (most set for delivery the week of June 28).
Southern live trade was at $120 to $122, steady to $2 higher than last
week's weighted averages. More trade is likely to take place throughout the
week. Asking prices for cattle left on showlists are around $122 plus in the
South, and $195 to $197 in the North.
The Fed Cattle Exchange Auction today listed a total of 6,049 head, of which
889 actually sold, 712 head were scratched from the auction, and 4,448 head
were listed as unsold, as they did not meet the reserve prices, that ranged
from $120 to $122.50. Opening prices ranged from $118 to $120, high bids
ranged from $119.25 to $122.50. The state by state breakdown looks like this:
TX 5,585 total head, with 793 head sold at $121 to $122.50, 678 head were
scratched from the auction, and 4,114 head went unsold; KS 339 total head,
with 27 head sold at $119.25, 34 head were scratched from the auction, and 27
head went unsold; OK 125 total head, with 61 head sold at $122, 64 head went
Beef cutouts are lower near midday (choice 331.51 -2.92, select 291.72 -
6.56) with light to moderate box movement (47.82 lds of choice cuts, 20.12
lds of select cuts, 17.11 lds of trim, and 6.93 lds of ground).
NOTE: Feedlots are encouraged to call DTN with any cattle sales, at
1-800-369-7675, ext. 3678. All sales will be listed anonymously and
organized by state. All live sales are FOB and set for 1-9 day delivery.
General trends and summaries from this data will also be posted on the Daily
Sales Reported to DTN page.
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