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DTN CATTLE PRICES/TRENDS               07/20 14:45

      HEAD SOLD LIVE  STEERS  DRESSED        LIVE  HEIFERS DRESSED 
KANSAS     .    .             .              .             .    
NEBRASKA 2,000 *110.50(BID)   180.00        *110.50(BID)   .180.00
TEXAS      .   *108.00(BID)   .             *108.00(BID)   .             
COLORADO   .    .             .              .             . 
IOWA       400  .             180.00         .            *177-180(BID) 
                               *PRIVATE SOURCES     
    
DTN COMMENTS:  Light trading has developed in parts of the North over the 
noon hour with most of the business tied to Regional buyers. Beyond that, 
the cash market remains quiet with cattle priced around 114.00-115.00 live, 
and 180.00-183.00 dressed. We expect meaningful trade volume to develop over 
the next several hours.  

The July 1 on feed report turned out to be quite predictable with the three 
major categories lining up almost perfectly with average trade guesses: on 
feed up 4%; placed in June up 1%; and marketed in June up 1%. Midyear cattle 
inventory also contained few surprises total cattle and calves as of June 1 
totaled 103.2 million head, 1% larger than the previous year. The first 
estimate of the 2018 calf crop did seem to be somewhat larger than 
expectations (i.e., 36.5 million head, 2% larger than last year).

Today's slaughter totaled 119,000 head, 1,000 more than last week, and 4,000 
above a year ago. Saturday's kill is estimated at 40,000 head, bringing the 
weekly total to 635,000 head, 15,000 less than the previous week, but 17,000 
greater than 2017. Cattle futures closed on a mixed basis with traders 
positioning ahead of the cattle reports due out this afternoon. Beef cutouts 
are expected to close mixed, 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:        0  WEEK TO DATE:       142
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


NEBRASKA CONFIRMED CASH SALES:       42  WEEK TO DATE:        67
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


TEXAS    CONFIRMED CASH SALES:        0  WEEK TO DATE:         0
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:        0  WEEK TO DATE:         0
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


IOWA     CONFIRMED CASH SALES:      208  WEEK TO DATE:       351
STEERS - LIVE - FOB                   STEERS - DRESSED - DELIVERED
114.00   80+    114.00-114.00    177  No reportable trade

114.00   TOTAL  114.00-114.00    177
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

NOTE:  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. 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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