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DTN CATTLE PRICES/TRENDS               05/20 07:55


KS       2,500     186.00          .
NE       2,500     190.00          300.00
TX       1,800     186.00          .
CO           .     .               .
IA       1,200     190.00          300.00

DTN WEEKLY ROUND UP: Significant trade did not develop until midday 
Friday last week, with Northern dressed deals ranging from $290 to 
$302, mostly $300, $5 higher than the prior week's weighted 
averages. Southern live sales ranged from $184 to mostly $186, $2 
higher than the previous week's weighted averages. According to 
Thursday's Daily Direct Slaughter Cattle Negotiated Purchase Summary 
reports, weekly accumulated totals were as follows, (the prior 
week's weighted averages are listed in parentheses). KS 
$184.00($184.12); NE $NA ($295.38); TX $NA($183.97); IA 
$300.00($295.00); CO not available due to confidentiality. Note: due 
to the late week trade the accumulated weekly averages are not 
necessarily an accurate depiction. We will have those later this 
morning when summaries are released.  

The Friday Afternoon Daily Direct Slaughter Cattle report lists 
week-to-date trade volume totals as: KS 14,553; NE 13,915; TX 272; 
IA 11,552; CO NA due to confidentiality. Business was still being 
reported at the time of the USDA Mandatory cutoff so trade volume 
totals will likely be higher on summaries. Friday's slaughter 
totaled 102,000 head, 18,000 less than the prior week, and 20,000 
below a year ago. Saturday's kill was estimated at 9,000 head, 
bringing the weekly total to 598,000 head, 24,000 under the previous 
week, and down 42,000 from 2023. 

The weekly average for boxed beef cutouts and boxed beef cuts: 
choice $306.74(+9.96), select $293.84(+5.79), with an average choice 
select spread of $12.90(+4.18), and a total load count including 
cuts, trimmings, and grinds of 577(-94). Changes from the prior week 
are listed in parentheses.

For the week ending May 11, 2024, Imported Beef Passed for Entry in 
the U.S. totaled 46,979, 98.92% of the previous week and 97.43% of 
the 4-week average. 

DTN MORNING COMMENTS: Both packers and producers are busy preparing 
for the week ahead this morning. It looks to be a typically quiet 
Monday with bids and asking prices not established. Significant trade 
volume will likely 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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