Do Not Overlook the Corn Values for Fall 2020 and Beyond. Increased Corn Acres and Demand Destruction could easily move the carryout back up over 2 Billion Bushels.

Note Updated Premiums Offered For Plenish Deliveries !!!!!!!!!

CERES will be receiving Plenish Soybeans Fall of 2020. Producer premiums will remain the same 
.45 cents for Harvest delivery and .55 cents for Farm stored
Call with acreage requests, Acres are limited so don't wait if you have an interest in this program

 

 

            
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                 USDA MARKET NEWS--AFTERNOON CATTLE REPORT    01/17/20

**This report will not be released Monday due to the MLK holiday**

          VOLUME    USDA TOTAL RANGE   DTN PRACTICAL RANGE  WT AVG

KANSAS    CONFIRMED CASH SALES - TODAY:     379   WEEK TO DATE:  21,978
    STEERS LIVE FOB
          110         123.00-123.00       123.00-123.00       123.00
    STEERS LIVE DELIVERED
          No reportable trade
    HEIFERS LIVE FOB
          269         124.00-124.00       124.00-124.00       124.00
    HEIFERS LIVE DELIVERED
          No reportable trade

NEBRASKA  CONFIRMED CASH SALES - TODAY:   2,272   WEEK TO DATE:  23,317
    STEERS DRESSED DELIVERED
          462         198.00-199.00       198.00-199.00       198.78
    STEERS DRESSED FOB
          210         199.00-199.00       199.00-199.00       199.00
    HEIFERS DRESSED DELIVERED
          150         199.00-199.00       199.00-199.00       199.00
    HEIFERS DRESSED FOB
          No reportable trade
 
TEXAS     CONFIRMED CASH SALES - TODAY:       0   WEEK TO DATE:   6,472
    STEERS LIVE FOB
          No reportable trade
    STEERS LIVE DELIVERED
          No reportable trade
    HEIFERS LIVE FOB
          No reportable trade
    HEIFERS LIVE DELIVERED
          No reportable trade

COLORADO  CONFIRMED CASH SALES - TODAY: NA Conf  WEEK TO DATE:  NA Conf
    STEERS LIVE FOB
          Trade not available due to confidentiality
    STEERS LIVE DELIVERED
          Trade not available due to confidentiality
    HEIFERS LIVE FOB
          Trade not available due to confidentiality
    HEIFERS LIVE DELIVERED
          Trade not available due to confidentiality

IOWA      CONFIRMED CASH SALES - TODAY:   2,330  WEEK TO DATE:   19,630
    STEERS DRESSED DELIVERED
          634         198.00-199.00       198.00-199.00       198.76
    STEERS DRESSED FOB
          No reportable trade
    HEIFERS DRESSED DELIVERED
          477         198.00-199.00       198.00-199.00       198.39
    HEIFERS DRESSED FOB
          No reportable trade

COMMENTS: Just a little cleanup trade reported today at generally 
steady money with yesterday's business (Southern live deals were marked at 
$123 to $124, mostly $124, fully steady with last week's weighted averages, 
while Northern dressed biz was at $197 to $200, mostly $199 roughly $1 lower 
than last week's weighted average basis Nebraska). 

5-AREA LV STR AVG(FOB)PR&WT: $124.00(1466) HIDE&OFFAL: $9.20 Unchg
CARCASS EQV INDEX   CHOICE (600-900#)   SELECT (600-900#)    #OF HD
 LIVE BASED           $188.45             $182.51            113,615
 BOX BASED            $202.17             $200.75             46,025
 AVE INDEX            $195.31  +0.58      $191.63  +0.58     159,640
 BEEF CUTOUTS        CHOICE (600-900#)   SELECT (600-900#)
                      $214.17  +1.27      $212.75  +1.28
  61.49 LDS CH CUTS /  9.86 LDS SEL CUTS /  9.91 LDS TRIM / 15.90 LDS GROUND
BOXED BEEF TREND: Hr on mod-gd dem & mod offers
COMPREHENSIVE WEEKLY CUTOUT VALUE: Week ending 01/10 $211.12 -0.33
 CUTTER 90%  350# UP C/O: $185.57 -0.97
 NAT'L BONELESS BF TRIM: 32.46 lds / Shrply hr on gd dem & mod offers
 90% TRIM: 08 lds: Wtd Avg $242.13 / Unevenly steady
FI KILL(WTD) FRI 116(604) WK AGO 120(608) YR AGO 117(601) MIX: THU SH95/CB27
             SAT  27(631) WK AGO  32(640) YR AGO  25(626)
                        WEEKLY CANADIAN CATTLE IMPORTS.
                           FEEDERS  SLAUGHTER S&H
   Week Ending:  01/04/20     233        5,024   
   Week Ending:  12/28/19       7        3,847
   Change from prev week:    +226       +1,177

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