News

DTN Cattle Prices/Trends 06/27 08:10





DTN CATTLE PRICES/TRENDS               06/27 08:10

WEEKLY TOTALS REPORTED TO DTN FOR THE WEEK OF: 06/20-06/24

STATE  HEAD SOLD   LIVE PR RANGE   DRESSED PR RANGE
KS       2,500     137.00-138.00   .
NE       3,000     145.00-147.00   234.00-239.00
TX       1,900     137.00-138.00   .
CO         550     138.00-145.00   .
IA       1,000     143.00-151.00   234.00-239.00

DTN WEEKLY ROUND UP:  Business started out on Tuesday last 
week in the South with live deals marked at $137 to $141, 
mostly $138, generally steady in Texas and roughly $1 lower in 
Kansas, when comparing them to the prior week's weighted 
averages. The North held out until Wednesday and Thursday, and 
it proved to be yet another week with a huge dressed range of 
$230 to $240, mostly $234 which is $4 higher than previous 
weeks weighted average basis Nebraska. Colorado had a range of 
$138 to mostly $145, basically steady with the week before. 
According to Thursday's Daily Direct Slaughter Cattle Summary 
reports, the accumulated weekly average price totals are as 
follows (the prior week's weighted averages are listed in 
parentheses): KS $138.58($139.71); NE $234.41 ($229.67); TX 
$137.76($137.97); IA $236.14($229.86); CO $144.62($144.43).

The Friday Afternoon Daily Direct Slaughter Cattle report 
lists weekly trade volume totals as: KS 14,447; NE 25,532; TX 
8,840; IA 28,613; CO 3,327. Friday's slaughter totaled 122,000 
head, 2,000 below the week before, but 5,000 more than the 
previous year. Saturday's kill was estimated at 46,000 head, 
bringing the weekly total to 666,000 head, 1,000 less the 
previous week, but 6,000 above 2021. The weekly averages for 
boxed beef cutouts and boxed beef cuts: choice $266.05(-2.27), 
select $245.81(-0.57), with an average choice select spread of 
$20.25(-1.70), and a total load count including cuts, 
trimmings, and grinds of 595
(-1). Changes from the prior week are listed in parentheses.

For the week ending June 18, 2022, Imported Beef Passed for 
Entry in the U.S. totaled 47,811, 100.10% of the previous week 
and 102.74% of the 4-week average. 

DTN MORNING COMMENTS: It looks to be a typically quiet Monday 
morning, with both packers and producers busy taking inventory. 
Bids and asking prices are not established as of yet. 
Significant trade volume will likely be delayed until Tuesday 
or later. Beef cutouts are expected to be higher with generally 
light box movement.

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, ext. 3678. All sales will be listed 
anonymously and organized by state. A weekly summary from 
this data will be posted on the Weekly Cattle Sales Reported 
to DTN page.