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DTN CATTLE PRICES/TRENDS               02/26 07:55

TOTALS OF WEEKLY SALES REPORTED TO DTN FOR THE WEEK OF: 02/19-02/23

STATE  HEAD SOLD   LIVE PR RANGE   DRESSED PR RANGE
KS       2,200     182.00-183.00   .
NE       2,900     183.00          292.00, Few 293.00
TX       1,500     183.00, Few 184 .
CO         500     183.00          .
IA         700     184.00          292.00

DTN WEEKLY ROUND UP:  Cash cattle business started to develop just before 
the noon hour Friday, and continued throughout the afternoon, with 
Southern live deals marked at mostly $183, $3 higher than the prior week's 
weighted averages. Northern dressed sales had a full range of $283 to $293 
mostly $292, $4 higher than last week's weighted average basis Nebraska. 
According to Thursday's Daily Direct Slaughter Cattle Negotiated Purchase 
Summary reports, weekly accumulated average price totals were as follows, 
(the prior week's weighted averages are listed in parentheses). KS 
$NA($179.86); NE $287.37($287.74); TX $NA($180.11); IA $283.00($285.20); 
CO not available due to confidentiality. Keep in mind the majority of 
business didn't take place until Friday, so the weighted averages listed 
above are not the actual trend for the week. It will be interesting to see 
just where weighted averages fall when the summary reports are released 
later this morning.

The Friday Afternoon Daily Direct Slaughter Cattle report lists week-to-
date trade volume totals as: KS 9,022; NE 11,495; TX 4,150; IA 6,521; CO 
NA due to confidentiality. Friday's slaughter totaled 119,000 head, 1,000 
below the prior week and 2,000 smaller than a year ago. Saturday's kill 
was estimated at 2,000 head, bringing the weekly total to 593,000 head, 
15,000 below the previous week, and 21,000 under 2023. The weekly averages 
for boxed beef cutouts and boxed beef cuts: choice $298.53(+4.16), select 
$286.36(+0.16), with an average choice select spread of $12.17(+4.00), and 
a total load count including cuts, trimmings, and grinds of 609(+72). 
Changes from the prior week are listed in parentheses.

For the week ending February 17, 2024, Imported Beef Passed for Entry in 
the U.S. totaled 51,105, 99.69% of the previous week and 93.77% of the 4-
week average. 

DTN MORNING COMMENTS: It looks to be a rather typical Monday with both 
packers and producers busy preparing for the week ahead. Bids and asking 
prices are not established. Significant trade volume will probably be 
delayed until the second half of the week. 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, 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 
1-402-461-3561. All sales will be listed anonymously and organized by 
state. A weekly summary of this data will be posted on the Weekly Cattle 
Sales Reported to DTN page and will be left up for the entire week for 
reference purposes.

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