USDA MARKET NEWS--AFTERNOON CATTLE REPORT    06/24/22

          VOLUME    USDA TOTAL RANGE   DTN PRACTICAL RANGE  WT AVG

KANSAS    CONFIRMED CASH SALES - TODAY:      0   WEEK TO DATE:  14,447
    STEERS LIVE FOB
          No reportable trade
    STEERS LIVE DELIVERED
          No reportable trade
    HEIFERS LIVE FOB
          No reportable trade
    HEIFERS LIVE DELIVERED
          No reportable trade

NEBRASKA  CONFIRMED CASH SALES - TODAY:    172   WEEK TO DATE:  25,532
    STEERS DRESSED DELIVERED
          No reportable trade
    STEERS DRESSED FOB
          No reportable trade
    HEIFERS DRESSED DELIVERED
          No reportable dressed trade
    HEIFERS DRESSED FOB
          No reportable trade
 
TEXAS     CONFIRMED CASH SALES - TODAY:      0   WEEK TO DATE:   8,840
    STEERS LIVE FOB
          No reportable trade
    STEERS LIVE DELIVERED
          No reportable trade
    HEIFERS LIVE FOB
          No reportable trade
     148IFERS LIVE DELIVERED
          No reportable trade

COLORADO  CONFIRMED CASH SALES - TODAY:       0  WEEK TO DATE:   3,327
    STEERS LIVE FOB
          No reportable trade
    STEERS LIVE DELIVERED
          No reportable trade
    HEIFERS LIVE FOB
          No reportable trade
    HEIFERS LIVE DELIVERED
          No reportable trade

IOWA      CONFIRMED CASH SALES - TODAY:    868   WEEK TO DATE:  28,613
    STEERS DRESSED DELIVERED
          No reportable dressed trade
    STEERS DRESSED FOB
          No reportable trade
    HEIFERS DRESSED DELIVERED
          No reportable trade
    HEIFERS DRESSED FOB
          No reportable trade

COMMENTS: This week's business had Southern live deals marked at 
mostly $138, generally steady (Texas) to roughly $1 lower (Kansas) than last 
week's weighted averages. In the North it was yet another week large ranges, 
with dressed deals marked at $230 to $240, mostly $234 which is $4 higher 
than last weeks weighted average basis Nebraska. 

The June 1 on feed report listed 11.8 million head, up 1% from June 2021, 
this is the highest June 1 inventory since the series began in 1996. 
Placements in May totaled 1.87 million head, 2% below last year; marketing's 
in May totaled 1.91 million head, 2% greater than the prior year; other 
disappearance in May totaled 76,000 head, 13% above the same time last year.

5-AREA LV STR AVG(FOB)PR&WT: $147.30(1429)  HIDE&OFFAL: $13.82 +0.03
CARCASS EQV INDEX   CHOICE (600-900#)   SELECT (600-900#)   HEAD
    SUPPLY (Live)     $215.40             $195.23          75,992
    DEMAND (Box)      $252.98             $233.02          44,655
    INDEX VALUE       $234.19  +2.02      $214.12  +1.90  120,647
BEEF CUTOUTS        CHOICE (600-900#)   SELECT (600-900#)
                      $264.98  +0.32      $245.02  +0.08
   46.30 LDS CH CUTS / 17.21 LDS SEL CUTS / 10.61 LDS TRIM / 10.88 LDS GROUND
DAILY CHOICE/SELECT SPREAD $19.96  TOTAL LOAD COUNT  85
COMPREHENSIVE WEEKLY CUTOUT VALUE: Week ending 06/17 $260.18 -3.96
 CUTTER 90%  350# UP C/O: $222.31 +1.54
 NAT'L BONELESS BF TRIM: 31.15 lds / Unevenly stdy on mod dem & offers
90% TRIM: 12 lds: Wtd Avg: $279.21 / Moderately to sharply higher
FI KILL(WTD) FRI 122(620) WK AGO 124(619) YR AGO 117(590) MIX: THU SH93/CB29
             SAT  46(666) WK AGO  48(667) YR AGO  70(660)
WEEKLY CANADIAN CATTLE IMPORTS.
               WK ENDING  FEEDERS  SLAUGHTER S&H
  Week Ending:  06/11/22   3,909       6,091
  Week Ending:  06/04/22   4,864       8,268
   Change from prev week:   -955      -2,177