DTN CATTLE PRICES/TRENDS 10/20 10:30
HEAD SOLD LIVE STEERS DRESSED LIVE HEIFERS DRESSED
KANSAS . *124.00(BID) . *124.00(BID) .
NEBRASKA . *125.00(BID) *196.00(BID) *125.00(BID) *196.00(BID)
TEXAS 1,000 124.00 . 124.00 .
COLORADO . . . . .
IOWA . . . . .
DTN COMMENTS: A light trade is being reported in parts of Texas this morning
at $124, fully steady with last week's weighted average. Packer inquiry
should continue to improve as the day progresses. Asking prices are around
$126 plus in the South, and $198 to $200 in the North. Beef cutouts are
expected to be higher with light to moderate box movement.
The Fed Cattle Exchange Auction today listed a total of 2,757 head, of which
none actually sold, 362 were scratched from the auction and 2,395 head were
listed as unsold, as they did not meet the reserve prices, that ranged from
$121 to $126. Opening prices ranged from $120 to $122, high bids ranged from
$123 to $124. The state-by-state breakdown looks like this: TX 1,137 total
head, all of which went unsold; KS 1,299 total head, with none sold, 937 head
went unsold and 362 were scratched from the auction; SD 252 total head, all of
which went unsold; NE 69 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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