DTN CATTLE PRICES/TRENDS 01/27 10:30
HEAD SOLD LIVE STEERS DRESSED LIVE HEIFERS DRESSED
KANSAS . . . . .
NEBRASKA . . *173.00(BID) . *173.00(BID)
TEXAS . . . . .
COLORADO . . . . .
IOWA . . . . .
DTN COMMENTS: Packer inquiry is improving some at midmorning. Asking prices
are around $115 plus in the South and $182 to $185 in the North. A few bids
are now on the table in parts of Eastern Nebraska. It is possible that trade
may develop at some point today, but tomorrow may be more likely. Beef
cutouts are expected to be higher with light to moderate box movement.
The Fed Cattle Exchange Auction today listed a total of 1,570 head, of which
1,128 actually sold, 442 head were listed as unsold, as they did not meet the
reserve prices that ranged from $112.50 to $115. Opening prices were at $111
to $112, high bids ranged from $112.75 to $113. The state by state breakdown
looks like this: KS 150 total head, all of which went unsold; TX 1,193 total
head, with 901 head sold at $112.75-$113, 292 head went unsold; OK 227 total
head, all of which sold at $113.
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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