DTN CATTLE PRICES/TRENDS 02/24 10:20
HEAD SOLD LIVE STEERS DRESSED LIVE HEIFERS DRESSED
KANSAS . . . . .
NEBRASKA . *113(BID) . *113(BID) .
TEXAS . *114(BID) . *114(BID) .
COLORADO . . . . .
IOWA . . . . .
DTN COMMENTS: A few more bids are now on the table in Nebraska and Texas at
midmorning, in other areas packer inquiry is very limited. It is looking
like significant trade volume could possibly be delayed until Thursday or
later. Asking prices are around $116 in the South and not fully established
North as of yet. Beef cutouts are expected to be higher with light to
moderate box movement.
The Fed Cattle Exchange Auction today listed a total of 1,199 head, of which
409 actually sold, 790 head were listed as unsold, as they did not meet the
reserve prices, that ranged from $114 to $116. Opening prices ranged from $112
to $113.50, high bids ranged from $114 to $114.25. The state by state
breakdown looks like this: TX 1,071 total head, with 409 head sold at $114.25,
662 head unsold; OK 74 total head, all of which went unsold; KS 54 total head,
all of which went unsold.
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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