DTN Cattle Prices/Trends 10/28 13:50

DTN CATTLE PRICES/TRENDS               10/28 13:50

      HEAD SOLD LIVE  STEERS  DRESSED        LIVE  HEIFERS DRESSED 
KANSAS     .    .             .              .             .
NEBRASKA   .   *103.00(BID)  *160.00(BID)   *103.00(BID)  *160.00(BID)
TEXAS      .   *104.00(BID)   .             *104.00(BID)   .
COLORADO   .    .             .              .             .
IOWA       .    .             .              .             .
                               *PRIVATE SOURCES     
    
DTN COMMENTS: The country is quiet this afternoon with still just a few 
scattered bids on the table. Asking prices are around $108 in the South and 
$168 in the North. So far, the only cattle we have heard of that have been 
sold were on the FCE auction (see below). It is looking like significant 
business will be delayed until Thursday and/or Friday.

The delayed Fed Cattle Exchange Auction today listed a total of 2,012 head, of 
which 1,257 actually sold, 755 head were listed as unsold, and none were 
listed as PO (Passed Offer). The state by state breakdown looks like this: KS 
512 total head, with 151 head sold at $106.25, 361 head went unsold; NE 394 
total head, all of which went unsold; TX 790 total head, with all 790 head 
sold at $105.50-$106.25; SD 316 total head, all of which sold at $106.00. The 
delivery date/weighted averages breakdown is as listed: 1-9 day delivery: 935 
head total, 766 head sold, with a weighted average price of $106.04; 1-17 day 
delivery 1,077 head total, 491 head sold, with a weighted average price of 
$105.80.

Today's slaughter totaled 118,000 head, 3,000 head below last week, but even 
with a year ago. Live cattle contracts close mostly moderately higher, up 10 
to 100, note that only spot October ended the day with a triple digit gain. 
Feeder issues closed moderately to sharply higher, up 45 to 160. Beef 
cutouts are expected to close mixed with moderate boxed 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:         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


NEBRASKA  CONFIRMED CASH SALES:     172  WEEK TO DATE:       252
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:     419  WEEK TO DATE:       419
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
105.00   35-65  105.00-105.00    374  No reportable trade

105.00   TOTAL  105.00-105.00    374


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:     868  WEEK TO DATE:     1,208
STEERS - LIVE - FOB                   STEERS - DRESSED - DELIVERED
101.04   80+    101.00-102.00    738  No reportable trade

101.04   TOTAL  101.00-102.00    738
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, 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.