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Market News Details

DTN Cattle Close/Trends





                 USDA MARKET NEWS--AFTERNOON CATTLE REPORT    02/22/19

          VOLUME    USDA TOTAL RANGE   DTN PRACTICAL RANGE  WT AVG

KANSAS    CONFIRMED CASH SALES - TODAY:       0   WEEK T0 DATE:     266
STEERS    No reportable trade
HEIFERS   No reportable trade

NEBRASKA  CONFIRMED CASH SALES - TODAY:     207   WEEK TO DATE:     619
STEERS    No reportable trade
HEIFERS   No reportable trade

TEXAS     CONFIRMED CASH SALES - TODAY:       0   WEEK TO DATE:      55
STEERS    No reportable trade
HEIFERS   No reportable trade

COLORADO  CONFIRMED CASH SALES - TODAY:       0   WEEK TO DATE:       0
STEERS    No reportable trade
HEIFERS   No reportable trade

IOWA      CONFIRMED CASH SALES - TODAY:   6,155   WEEK TO DATE:   8,010
STEERS    506         197.00-202.00       197.00-202.00       201.65
HEIFERS   384         202.00-203.00       202.00-203.00       202.36

COMMENTS: At the time of this close significant trade had yet to develop.
We will continue to watch for cash cattle trade on the Daily Sales Reported to 
DTN page.

5-AREA LV STR AVE PR&WT: $125.00(1500) HIDE&OFFAL: $8.99 -0.09
CARCASS EQV INDEX   CHOICE (600-900#)   SELECT (600-900#)    #OF HD
 LIVE BASED            189.62              181.72            71,327
 BOX BASED             207.39              200.35            41,341
 AVE INDEX             198.50  +0.71       191.04  +0.53    112,668
 BEEF CUTOUTS        CHOICE (600-900#)   SELECT (600-900#)
                       219.39  +1.32       212.35  +0.94
 32.82 LDS CH CUTS / 12.27 LDS SEL CUTS /  8.24 LDS TRIM / 28.30 LDS GROUND
BOXED BEEF TREND: Higher on good demand and light offerings
COMPREHENSIVE WEEKLY CUTOUT VALUE: Week ending 02/15 $217.94 +1.41
 CUTTER 90%  350# UP C/O: $165.00 +0.65
 NAT'L BONELESS BF TRIM: 25.92 lds / Modly-shrply lr on lt dem & offers
 90% TRIM: 06 lds: Wtd Avg $212.45 / Unevenly steady
FI KILL(WTD) FRI 114(550) WK AGO 111(570) YR AGO 108(552) MIX: THU SH90/CB24
             SAT  27(577) WK AGO  26(596) YR AGO  23(575)
                     WEEKLY CANADIAN CATTLE IMPORTS.
                         FEEDERS     SLAUGHTER S&H
Week Ending:  02/09/19    2,501        9,525
Week Ending:  02/02/18    3,147        7,236
Change from prev week:     -646       +2,289

Wheat Commentary

No daily commentary available

Other Commentary

Good evening, March beans finished up 8 ½ , March corn up 4 ¾ , and March wheat up 5 ¾. News today about the Chinese pledging to buy large quantities of Ag products including corn and wheat rallied the markets. Beans were able to get back above the major moving averages before settling just below the 50 DMA at 911 ½. Corn found resistance at the 50 DMA but was able to settle above short term 10 day moving average. The market is getting excited about the possible trade deal and that there are some specific things being addressed. The two groups are working on a memorandum or understanding for a trade agreement (written agreement). As always, devil is in the details, exactly what, how much, and when is still up for debate. Initial numbers getting thrown around were that China would buy an additional $30B of US ag products. USDA released estimates for corn acres in 2019 to be 92M, Beans at 85M and wheat at 47M with no big surprises.
Quotes, news, weather & polling services by Telvent/DTN.  Market data delayed at least 10 minutes.  Futures quotes source: ICE, MGEX & CME Group.