DTN CATTLE PRICES/TRENDS 02/26 10:10
HEAD SOLD LIVE STEERS DRESSED LIVE HEIFERS DRESSED
KANSAS . . . . .
NEBRASKA . *184-187(BID) . *184-187(BID) .
TEXAS . . . . .
COLORADO . . . . .
IOWA . . . . .
DTN COMMENTS: A few bids are on the table at midmorning. The $187 bids have
been renewed by a Major in Eastern Nebraska for delivery next week, the rest
of cattle country remains rather quiet at midmorning. A light to moderate
trade took place in most areas yesterday. Northern dressed trade ranged from
$185 to $187, mostly $187, roughly $3 lower than last week's weighted
average basis Nebraska. Southern live deals were at $115, generally $5 lower
than the prior week's weighted averages. Asking prices for cattle left on
showlists are around $117 plus in the South, and $187 plus in the North.
Beef cutouts are expected to be mixed, with light to moderate box movement.
The Fed Cattle Exchange Auction reported a total of 755 head, of which 627
head sold today. There was a total of five lots, one in Texas and four in
Kansas. Only one lot in Kansas did not sell. All started with $115 asking
prices and those that sold went for $115.25, most lots were set for 1-9 day
delivery, and one lot in Kansas is set for 1-17 day delivery.
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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