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Market News Details

DTN Cattle Prices/Trends

DTN CATTLE PRICES/TRENDS               07/16 08:15


KS       3,000     111.00          . 
NE       4,300     110.00-111.00   173.00-175.00
TX       3,000     111.00          .
CO         500     110.00          .
IA         500     .               175.00

LAST WEEK'S ROUNDUP: A very light dressed trade surfaced 
Wednesday in parts of Nebraska and Iowa at $175 but then the 
standoff started and held until late Friday afternoon. The 
South blinked first with live deals at mostly $111, generally 
$1 to $2 lower than the previous week's weighted averages. A 
few dressed deals in the North were reported at $173 to $175, 
the previous week's weighted average in Nebraska was $179.06. 
According to the Friday afternoon Mandatory reports total 
weekly trade volumes were as follows: KS 260; NE 4,514; TX 35; 
CO 0; IA 4,184. Keep in mind that these totals came out before 
trade developed late Friday afternoon, so it will be 
interesting to see just what actual trade volume totals will be 
when they are released later this morning.

DTN MORNING COMMENTS:  The country is typically quiet this 
morning with packers focusing on the collection of new 
showlists. Significant trade volume will likely be delayed 
until the second half of the week. Beef cutouts are expected to 
be lower with light box movement. 

For the week ending July 07, 2018, Imported Beef Passed for 
Entry in the U.S. totaled 35,118, 98.27% of the previous week 
and 87.52% of the prior 4-week average. 

NOTE:  The price and volume information listed on this page is 
supplied by DTN subscribers in the interest of general cash 
market awareness. All cattle feeding subscribers are encouraged 
to report sales in a timely fashion in order to compensate for 
the systematic delays of mandatory reporting. While all 
transactions will be posted on an anonymous basis, callers are 
required to identify themselves and the location of the actual 
sales.  DTN believes this data to be accurate, but cannot 
guarantee its specific reliability or whether it fairly 
represents the larger cash market.

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. General 
trends and summaries from this data will also be posted on the 
Daily Sales Reported to DTN page.

Market Commentary

Corn is down 0.25 cents, beans are down 0.5 cents, Chicago wheat is down 4 cents, meal is up 1.3 bucks, and oil is down 16 points.
Quotes, news, weather & polling services by Telvent/DTN.  Market data delayed at least 10 minutes.  Futures quotes source: ICE, MGEX & CME Group.