DTN News

DTN Cattle Prices/Trends 06/22 14:50



DTN CATTLE PRICES/TRENDS               06/22 14:50

      HEAD SOLD LIVE  STEERS  DRESSED        LIVE  HEIFERS DRESSED 
KANSAS   2,300  109-110       .              109-110       .    
NEBRASKA 4,200  109-110       172-174        109-110       172-173
TEXAS    1,500  109-110       .              109-110       .             
COLORADO   .    .             .              .             . 
IOWA       .   *108.00(BID)  *173-174(BID)  *108.00(BID)  *173-174(BID) 
                               *PRIVATE SOURCES     
    
DTN COMMENTS: A light to moderate trade has developed in many areas this 
afternoon with Live deals at 109.00-110.00, $2 to $3 lower than last week's 
weighted averages basis the South, Northern dressed deals are few and far 
between at this time, but are around 172.00-173.00, $4 to $5 lower than last 
week's weighted average basis Nebraska. 

The June 1 on feed report released this afternoon looks somewhat negative, 
especially in terms of May placement activity: on feed 104%; placement 100%; 
marketing 105%. Note that the average placement guess was 96%. Furthermore, 
last year's feedlot in-movement during May was historically large, the 
largest seen since 2007.

Today's kill totaled 119,000 head, 1,000 more than last week, but 1,000 
below a year ago. Saturday's slaughter is estimated at 67,000 head, bringing 
the weekly total to 664,000 head, 10,000 greater than the previous week and 
25,000 above 2017. Cattle futures closed mostly higher in the live trade 
(only spot June and August contracts were lower), and moderately higher in 
the feeder trade. Beef cutouts are expected to close mixed, with light to 
moderate box movement.

DAILY DIRECT SLAUGHTER CATTLE-NEGOTIATED PURCHASES-SUMMARY
**Summary includes trade from 1:30 PM the previous day through 9:30 AM today.**

KANSAS   CONFIRMED CASH SALES:        0  WEEK TO DATE:         0
STEERS - LIVE - FOB                   STEERS - DRESSED - DELIVERED
No reportable trade                   No reportable trade
STEERS - LIVE - DELIVERED             STEERS - DRESSED - FOB
No reportable trade                   No reportable trade
HEIFERS - LIVE - FOB                  HEIFERS - DRESSED - DELIVERED
No reportable trade                   No reportable trade
HEIFERS - LIVE - DELIVERED            HEIFERS - DRESSED - FOB
No reportable trade                   No reportable trade


NEBRASKA CONFIRMED CASH SALES:    1,122  WEEK TO DATE:     4,427
STEERS - LIVE - FOB                   STEERS - DRESSED - DELIVERED
109.00   80+    109.00-109.00    198  172.58   80+    172.00-173.00    434

109.00   TOTAL  109.00-109.00    198  172.58   TOTAL  172.00-173.00    434
STEERS - LIVE - DELIVERED             STEERS - DRESSED - FOB
No reportable trade                   No reportable trade
HEIFERS - LIVE - FOB                  HEIFERS - DRESSED - DELIVERED
108.00   80+    108.00-108.00     90  No reportable trade

108.00   TOTAL  108.00-108.00     90
HEIFERS - LIVE - DELIVERED            HEIFERS - DRESSED - FOB
No reportable trade                   No reportable trade


TEXAS    CONFIRMED CASH SALES:        0  WEEK TO DATE:         0
STEERS - LIVE - FOB                   STEERS - DRESSED - DELIVERED
No reportable trade                   No reportable trade
STEERS - LIVE - DELIVERED             STEERS - DRESSED - FOB
No reportable trade                   No reportable trade
HEIFERS - LIVE - FOB                  HEIFERS - DRESSED - DELIVERED
No reportable trade                   No reportable trade
HEIFERS - LIVE - DELIVERED            HEIFERS - DRESSED - FOB
No reportable trade                   No reportable trade


COLORADO CONFIRMED CASH SALES:        0  WEEK TO DATE:         0
STEERS - LIVE - FOB                   STEERS - DRESSED - DELIVERED
No reportable trade                   No reportable trade
STEERS - LIVE - DELIVERED             STEERS - DRESSED - FOB
No reportable trade                   No reportable trade
HEIFERS - LIVE - FOB                  HEIFERS - DRESSED - DELIVERED
No reportable trade                   No reportable trade
HEIFERS - LIVE - DELIVERED            HEIFERS - DRESSED - FOB
No reportable trade                   No reportable trade


IOWA     CONFIRMED CASH SALES:    1,079  WEEK TO DATE:     2,713
STEERS - LIVE - FOB                   STEERS - DRESSED - DELIVERED
111.64   80+    110.00-113.00    562  174.00   80+    174.00-174.00     80

111.64   TOTAL  110.00-113.00    562  174.00   TOTAL  174.00-174.00     80
STEERS - LIVE - DELIVERED             STEERS - DRESSED - FOB
No reportable trade                   No reportable trade
HEIFERS - LIVE - FOB                  HEIFERS - DRESSED - DELIVERED
No reportable trade                   174.00   80+    174.00-174.00     90

                                      174.00   TOTAL  174.00-174.00     90
HEIFERS - LIVE - DELIVERED            HEIFERS - DRESSED - FOB
No reportable trade                   No reportable trade

NOTE:  Feedlots are encouraged to call DTN with any cattle sales, at
1-800-369-7675, 1-402-399-6402, or 1-402-462-8897. 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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