DTN CATTLE PRICES/TRENDS 06/29 14:30
HEAD SOLD LIVE STEERS DRESSED LIVE HEIFERS DRESSED
NEBRASKA 200 *$117(BID) $191 *$117(BID) $191
IOWA 250 $190 $190
DTN COMMENTS: Feedlot country remains quiet this afternoon thanks in part to the
way futures manages to stabilize and close higher late in the day. Significant
trade volume will be postponed until Thursday or Friday.
Today's kill totaled 118,000 head (WTD 350,000), even with last week (WTD
349,000) and 4,000 more than last year (WTD 339,000). Cattle futures closed
higher, supported late in the day by short covering and profit taking. Beef
cut-outs are expected to close sharply lower with moderate box movement.
Feedlots are encouraged to call DTN with any cattle sales, at 1-800-369-7675, 1-
402-399-6402, or 1-402-462-8897. All sales will be listed anonymously and
organized by state. General trends and summaries from this data will also be
posted on the Daily Sales Reported to DTN page.
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