Central U.S. Daily Direct Feedlot Slaughter Cattle Report 11-23-2016

Today’s Reported Sales Volume: 23,000
Today’s Estimated Sales Volume: 50,000

On Wednesday afternoon trade was active on good demand in the Southern and Northern Plains. In Texas early live sales have sold at 110.00 up to 112.00 late in the trading period. In Kansas, compared to last week live sales sold 2.00 to 3.00 higher from 110.00-112.00. In Nebraska, compared to last week lives sales sold 2.00 to 3.50 higher with sales from 110.00-113.50. Dressed sales in Nebraska sold steady to 5.00 higher from 170.00-175.00. In Colorado, compared to last week, live sales sold 2.00 to 3.00 higher from 112.00-113.00. A few live sales in Iowa have sold at 110.00 and a few dressed sales sold at 173.00 on good buyer inquiry.
Boxed beef cutout values higher on moderate to fairly good demand and moderate offerings. Choice closed 1.42 higher at 186.67 and Select closed .95 higher at 170.12. The hide and offal value from a typical slaughter steer for today was estimated at 11.80 per cwt live, down .01 when compared to Tuesday’s Value.
Cattle Slaughter under federal inspection for Wednesday is estimated at 115,000.

PRICES PAID:
LIVE DRESSED DRESSED
STEER/HEIFER STEER/HEIFER STEER/HEIFER
(CASH) (CASH) (GRID BASE)
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Select and Choice
TX/OK/NM 110.00-112.00 None None

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Select and Choice
KANSAS 110.00-112.00 None None

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Select and Choice Select and Choice
NEBRASKA 110.00-113.50 170.00-175.00 None

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Select and Choice
COLORADO 112.00-113.00 None None

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Select and Choice Select and Choice
IOWA 110.00 173.00 None

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NOTE: For complete sales volume, price ranges and weighted averages, refer to the Mandatory reports on the following web site and links:
http://www.ams.usda.gov/lpsmarketnewspage

All Negotiated grid based sales reported through the Mandatory reporting program by packers are currently included under the National Daily Direct Slaughter Cattle Negotiated Purchases Reports as base prices and again on the National Daily Direct Slaughter Cattle Formula Purchases Reports as net prices.

Included in this report are negotiated cash and negotiated grid prices and volume collected from feedlots or their representatives cooperating on a voluntary basis.