DTN CATTLE PRICES/TRENDS 11/28 09:15
HEAD SOLD LIVE STEERS DRESSED LIVE HEIFERS DRESSED
NEBRASKA *$265(BID) *$265(BID)
DTN COMMENTS: Packer inquiry is light so far this morning with just a few bids
evident in parts of the North. Given business no better than light to moderate
on Wednesday (e.g., negotiated sales in Nebraska probably totaled no more than
10,000-12,000 head with dressed sales ranging from $266-267; around 15,000 in
Kansas at $173), we assume that more traffic will have to surface sometime
today. Asking prices are around $173-174 in the South and $268-270 in the
Cattle futures are mixed in the opening hour of business with light trade
volume. Pit trades closes early today (i.e., 12:00 CST) due to the holiday.
Beef cut-outs are expected to be higher with light box movement.
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. General trends and summaries from this
data will be posted on the Daily Sales Reported to DTN page.
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