February 26, 2021
                                                                                                                      

 
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DTN CATTLE PRICES/TRENDS               02/26 14:45

      HEAD SOLD LIVE  STEERS  DRESSED        LIVE  HEIFERS DRESSED 
KANSAS   2,000  114           .              114           .
NEBRASKA   .    .            *182(BID)       .            *182(BID)
TEXAS    1,000  114           .              114           .
COLORADO   .   *114(BID)      .             *114(BID)      .
IOWA       .   *114(BID)     *181(BID)      *114(BID)     *181(BID)
                               *PRIVATE SOURCES     
    
DTN COMMENTS:  A light trade has developed in parts of the South this 
afternoon, at $114, fully steady with the rest of this week's trade and also 
fully steady with last week's weighted average. Some asking prices for 
cattle left on showlists remain firm around $115 to $116 in the South and 
$185 in the North.

So far this week, Northern dressed trade has been at mostly $182, a little 
more than $1 higher than last week's weighted average basis Nebraska. 
Southern Live business has been marked at mostly $114, fully steady with 
last week's weighted averages. 

The Special Fed Cattle Exchange Auction today listed a total of 790 head (TX 
662 head, KS 54 head, OK 74 head), of which none sold as they did not meet the 
reserve prices of $115. Opening prices were at $113.50, high bids ranged from 
$113.50 to $114.50.

Today's slaughter totaled 119,000 head, 10,000 greater than last week, and 
4,000 more than a year ago. Saturday's kill is estimated at 64,000 head, 
bringing the weekly total to 666,000 head, 114,000 above the prior week, and 
38,000 over 2020. Cattle futures closed sharply lower on both live (off 95 
to 390) feeder (off 175 to 287) contracts. Beef cutouts are expected to 
close higher with light to moderate box movement.
 
DAILY DIRECT SLAUGHTER CATTLE-NEGOTIATED PURCHASES-SUMMARY
**Summary includes trade from 1:30 PM the previous day through 9:30 AM today.**

KANSAS    CONFIRMED CASH SALES:     781  WEEK TO DATE:     2,702
STEERS - LIVE - FOB                   STEERS - DRESSED - DELIVERED
114.00   80+    114.00-114.00    238  182.00   80+    182.00-182.00    203
                                      182.00   65-80  182.00-182.00    220

114.00   TOTAL  114.00-114.00    238  182.00   TOTAL  182.00-182.00    423
STEERS - LIVE - DELIVERED             STEERS - DRESSED - FOB
No reportable trade                   No reportable trade
HEIFERS - LIVE - FOB                  HEIFERS - DRESSED - DELIVERED
No reportable trade                   No reportable trade
HEIFERS - LIVE - DELIVERED            HEIFERS - DRESSED - FOB
No reportable trade                   No reportable trade


NEBRASKA  CONFIRMED CASH SALES:  12,325  WEEK TO DATE:    16,538
STEERS - LIVE - FOB                   STEERS - DRESSED - DELIVERED
113.88   80+    113.00-114.00  3,699  181.99   80+    181.00-182.00  2,995
                                      181.13   65-80  180.00-182.00    321

113.88   TOTAL  113.00-114.00  3,699  181.90   TOTAL  180.00-182.00  3,316
STEERS - LIVE - DELIVERED             STEERS - DRESSED - FOB
No reportable trade                   182.00   80+    182.00-182.00    516

                                      182.00   TOTAL  182.00-182.00    516
HEIFERS - LIVE - FOB                  HEIFERS - DRESSED - DELIVERED
114.00   80+    114.00-114.00    595  182.00   80+    182.00-182.00  1,484

114.00   TOTAL  114.00-114.00    595  182.00   TOTAL  182.00-182.00  1,484
HEIFERS - LIVE - DELIVERED            HEIFERS - DRESSED - FOB
114.75   80+    114.75-114.75    511  No reportable trade

114.75   TOTAL  114.75-114.75    511


TEXAS     CONFIRMED CASH SALES:      41  WEEK TO DATE:     3,689
STEERS - LIVE - FOB                   STEERS - DRESSED - DELIVERED
No reportable trade                   No reportable trade
STEERS - LIVE - DELIVERED             STEERS - DRESSED - FOB
No reportable trade                   No reportable trade
HEIFERS - LIVE - FOB                  HEIFERS - DRESSED - DELIVERED
No reportable trade                   No reportable trade
HEIFERS - LIVE - DELIVERED            HEIFERS - DRESSED - FOB
No reportable trade                   No reportable trade


COLORADO  CONFIRMED CASH SALES: NA Conf  WEEK TO DATE:   NA Conf
STEERS - LIVE - FOB                   STEERS - DRESSED - DELIVERED
NA due to confidentiality             No reportable trade
STEERS - LIVE - DELIVERED             STEERS - DRESSED - FOB
No reportable trade                   No reportable trade
HEIFERS - LIVE - FOB                  HEIFERS - DRESSED - DELIVERED
NA due to confidentiality             No reportable trade
HEIFERS - LIVE - DELIVERED            HEIFERS - DRESSED - FOB
No reportable trade                   No reportable trade


IOWA      CONFIRMED CASH SALES:  14,041  WEEK TO DATE:    16,664
STEERS - LIVE - FOB                   STEERS - DRESSED - DELIVERED
114.56   80+    112.25-117.00  3,139  182.00   80+    182.00-182.00  5,743
                                      182.00   65-80  182.00-182.00     37

114.56   TOTAL  112.25-117.00  3,139  182.00   TOTAL  182.00-182.00  5,780
STEERS - LIVE - DELIVERED             STEERS - DRESSED - FOB
No reportable trade                   181.00   80+    181.00-181.00    378

                                      181.00   TOTAL  181.00-181.00    378
HEIFERS - LIVE - FOB                  HEIFERS - DRESSED - DELIVERED
113.90   80+    113.00-115.00  1,504  181.52   80+    179.00-183.00  2,113

113.90   TOTAL  113.00-115.00  1,504  181.52   TOTAL  179.00-183.00  2,113
HEIFERS - LIVE - DELIVERED            HEIFERS - DRESSED - FOB
No reportable trade                   180.00   80+    180.00-180.00    140

                                      180.00   TOTAL  180.00-180.00    140

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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