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DTN CATTLE PRICES/TRENDS               06/10 08:00

TOTALS OF WEEKLY SALES REPORTED TO DTN FOR THE WEEK OF: 06/03-06/07

STATE  HEAD SOLD   LIVE PR RANGE   DRESSED PR RANGE
KS       3,000     186.00          .
NE       3,200     195.00-197.00   305.00-307.00
TX       2,000     186.00          .
CO           .     .               .
IA       1,500     193.00-195.00   305.00-307.00

DTN WEEKLY ROUND UP: A light to moderate trade developed on Thursday 
last week, with a little cleanup reported on Friday. Northern 
dressed business had a full range of $301 to $311, mostly $305 to 
$306, about $4 to $5 higher than the prior week's weighted averages, 
basis Nebraska. Southern live deals were marked at $184 to $195, 
mostly $186, $1 higher than the previous week's weighted averages. 
According to Thursday's Daily Direct Slaughter Cattle Negotiated 
Purchase Summary reports, weekly accumulated totals were as follows, 
(the prior week's weighted averages are listed in parentheses). KS 
$186.26 ($185.05); NE $305.96($301.22); TX $185.78($184.71); IA 
$304.45 ($300.16); CO not available due to confidentiality. If the 
Northern dressed weighted averages hold when the midday weekly 
average summaries are released later this morning, new record highs 
will be set (current dressed record weekly weighted averages are: NE 
304.05; IA 301.95).

The Friday Afternoon Daily Direct Slaughter Cattle report lists 
week-to-date trade volume totals as: KS 13,741; NE 26,357; TX 5,651; 
IA 29,575; CO NA due to confidentiality. Friday's slaughter totaled 
119,000 head, 1,000 more than both a week and year ago. Saturday's 
kill was estimated at 7,000 head, bringing the weekly total to 
615,000 head, 1,000 above the previous week, but 21,000 smaller than 
2023. The weekly average for boxed beef cutouts and boxed beef cuts: 
choice $318.29(+2.24), select $300.73(-1.48), with an average choice 
select spread of $17.56(+3.72), and a total load count including 
cuts, trimmings, and grinds of 607(+18). Changes from the prior week 
are listed in parentheses.

For the week ending June 08, 2024, Imported Beef Passed for Entry in 
the U.S. totaled 53,312, 117.27% of the previous week and 111.65% of 
the 4-week average. 

DTN MORNING COMMENTS: It looks like it will be a typically quiet 
Monday, as both packers and producers are busy preparing for the week 
ahead. Bids and asking prices won't be published until later in the 
week. Significant trade volume will likely hold off until the second 
half of the week. Beef cutouts are expected to be higher with 
generally light box movement.

NOTE:  The price and volume information listed on this page is 
supplied by DTN subscribers in the interest of general cash market 
awareness. All cattle feeding subscribers are encouraged to report 
sales in a timely fashion, to compensate for the systematic delays of 
mandatory reporting. While all transactions will be posted on an 
anonymous basis, callers are required to identify themselves and the 
location of the actual sales. DTN believes this data to be accurate 
but cannot guarantee its specific reliability or whether it fairly 
represents the larger cash market.

Feedlots are encouraged to call DTN with any cattle sales, at 
1-402-461-3561. All sales will be listed anonymously and organized 
by state. A weekly summary of this data will be posted on the 
Weekly Cattle Sales Reported to DTN page and will be left up for 
the entire week for reference purposes.

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