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Market News Details

DTN Cattle Close/Trends





                 USDA MARKET NEWS--AFTERNOON CATTLE REPORT    04/19/19

          VOLUME    USDA TOTAL RANGE   DTN PRACTICAL RANGE  WT AVG

KANSAS    CONFIRMED CASH SALES - TODAY:       0   WEEK T0 DATE:  21,824
STEERS    No reportable trade
HEIFERS   No reportable trade

NEBRASKA  CONFIRMED CASH SALES - TODAY:     460   WEEK TO DATE:  41,272
STEERS    80          208.00-208.00       208.00-208.00       208.00
HEIFERS   No reportable dressed trade

TEXAS     CONFIRMED CASH SALES - TODAY:       0   WEEK TO DATE:  12,732
STEERS    No reportable trade
HEIFERS   No reportable trade

COLORADO  CONFIRMED CASH SALES - TODAY: NA Conf   WEEK TO DATE: NA Conf
STEERS    NA Due to Confidentiality
HEIFERS   NA Due to Confidentiality

IOWA      CONFIRMED CASH SALES - TODAY:   1,222   WEEK TO DATE:  35,898
STEERS    No reportable dressed trade
HEIFERS   80          208.00-208.00       208.00-208.00       208.00

COMMENTS: The country was mostly quiet today with just a little cleanup
Trade reported.

5-AREA LV STR AVE PR&WT: $130.20(1453) HIDE&OFFAL: $8.99 -0.07
CARCASS EQV INDEX   CHOICE (600-900#)   SELECT (600-900#)    #OF HD
 LIVE BASED            195.54              184.27           129,449
 BOX BASED             221.65              208.49            46,868
 AVE INDEX             208.60  +1.46       196.38  +1.68    176,317
 BEEF CUTOUTS        CHOICE (600-900#)   SELECT (600-900#)
                       233.65  +0.59       220.49  +1.03
 45.19 LDS CH CUTS / 17.40 LDS SEL CUTS /  0.00 LDS TRIM / 16.46 LDS GROUND
BOXED BEEF TREND: Frm/Hr on mod-gd dem & mod offers
COMPREHENSIVE WEEKLY CUTOUT VALUE: Week ending 04/12 $225.72 +0.64
 CUTTER 90%  350# UP C/O: $169.94 -0.06
 NAT'L BONELESS BF TRIM: 27.10 lds / Not fully established
 90% TRIM: 10 lds: Wtd Avg $219.99 / Generally steady
FI KILL(WTD) FRI 115(600) WK AGO 118(589) YR AGO 114(585) MIX: THU SH96/CB26
             SAT  38(638) WK AGO  49(638) YR AGO  41(627)
                     WEEKLY CANADIAN CATTLE IMPORTS.
                         FEEDERS     SLAUGHTER S&H
Week Ending:  04/06/19    9,602       11,758
Week Ending:  03/30/19    8,324       10,574
Change from prev week:   +1,278       +1,184

Wheat Commentary

No daily commentary available

Other Commentary

Good evening, May corn finished up ¬ľ of a cent, beans up 1.5 cents, and wheat down 2.75. Generally benign session today going into a long weekend. More pork exports were reported to China which might end up being a timely add in to a trade deal solving the issues of lowering trade deficit and stabilizing the price of pork. The WTO ruled in favor to the US vs China in a complaint against the Chinese use of Tariff Rate Quotas. One would assume this is helpful to the US hand when it comes to the trade agreement. But, its not really the time for assumptions‚Ķ Market is still anxious for the outcome of the trade war and funds are still grinding their short position axe. Big crops down south (are getting bigger) with the US farmer not far from planting are making supply forecasts look massive. Rain in the forecast keeping ground wet and field work minimal. Market will continue to build risk premium until forecast dries out for several days. Think the wet weather will have to persist few more weeks to make funds get out of the short positions. Or a trade deal.
Quotes, news, weather & polling services by Telvent/DTN.  Market data delayed at least 10 minutes.  Futures quotes source: ICE, MGEX & CME Group.