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DTN CATTLE PRICES/TRENDS               07/25 14:10

       HEAD SOLD LIVE  STEERS  DRESSED        LIVE  HEIFERS  DRESSED
KANSAS   2,900   164-165       .              164-165        260.00
NEBRASKA 1,700   163-166      *257-262(BID)   163-166       *257-262(BID)
TEXAS      .    *163.00(BID)   .             *163.00(BID)    .
COLORADO 1,000   166.00        .              166.00         .
IOWA       .     .            *256.50-257(BID).           *256.5-257(BID)
                         *=PRIVATE SOURCES

DTN COMMENTS:  The cash market is quiet this afternoon, and we assume that 
business is essentially done for the week. Trade volume totals in the South 
remain rather modest, and we can only assume that area packers are 
formulating enough cattle to at least cover short term slaughter needs. It's 
been quite a week with both live and dressed sales marked as much as $10.00 
over last week.

The July 1 on feed report just released appears to be generally neutral with 
all three categories coming close to expectations: on feed off 2%; placed in 
June off 6%; and marketed in June off 2%. The July 1 cattle and calves 
inventory totaled 95 million head, 3% below the last mid-summer count taken 
on July 1 2012.

Today's slaughter totaled 107,000 head, 7,000 below last week, and 16,000 
less than a year ago. Saturday's kill is estimated at 6,000 bringing the 
weekly total to 571,000 head, 6,000 smaller than the previous week, and 
69,000 under 2013. Cattle futures closed sharply higher, once again setting 
new historical records thanks to explosive action in the cash market and 
technical buying. Beef cutouts are expected to close higher 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:    3,571  WEEK TO DATE:   4,273
STEERS - LIVE FOB                     STEERS -  DRESSED DELIVERED
162.00   80+    162.00-162.00    139  No reportable trade
161.35   65-80  160.00-162.00    567
162.23   35-65  162.00-163.00    603

161.82   TOTAL  160.00-163.00  1,309
HEIFERS - LIVE FOB                    HEIFERS - DRESSED DELIVERED
162.00   65-80  162.00-162.00    268  255.00  35-65  255.00-255.00    124
162.26   35-65  162.00-163.00    501

162.17   TOTAL  162.00-163.00    769  255.00  TOTAL  255.00-255.00    124


NEBRASKA CONFIRMED CASH SALES:   33,893  WEEK TO DATE:  44,726
STEERS - LIVE FOB                     STEERS -  DRESSED DELIVERED
163.77   80+    160.00-165.00  3,974  257.00  80+    257.00-257.00  2,005
164.24   65-80  162.00-166.00  7,992  257.92  65-80  255.00-262.00  4,197
163.44   35-65  161.50-164.00  1,109  257.00  35-65  257.00-257.00     40

164.03   TOTAL  160.00-166.00 13,075  257.62  TOTAL  255.00-262.00  6,242
HEIFERS - LIVE FOB                    HEIFERS - DRESSED DELIVERED
164.71   80+    162.00-165.00  4,291  257.00  80+    257.00-257.00    890
163.99   65-80  163.00-165.00  2,644  259.43  65-80  257.00-262.00  1,046
163.27   35-65  161.50-165.00  1,310  260.00  35-65  260.00-260.00    403

164.25   TOTAL  161.50-165.00  8,245  258.60  TOTAL  257.00-262.00  2,339


TEXAS    CONFIRMED CASH SALES:      449  WEEK TO DATE:   1,043
STEERS - LIVE FOB                     STEERS -  DRESSED DELIVERED
162.00   65-80  162.00-162.00    260  No reportable trade

162.00   TOTAL  162.00-162.00    260
HEIFERS - LIVE FOB                    HEIFERS - DRESSED DELIVERED
162.00   65-80  162.00-162.00     30  No reportable trade
162.00   35-65  162.00-162.00    159

162.00   TOTAL  162.00-162.00    189


COLORADO CONFIRMED CASH SALES:    2,628  WEEK TO DATE:   3,311
STEERS - LIVE FOB                     STEERS -  DRESSED DELIVERED
165.00   80+    165.00-165.00    352  No reportable trade
164.22   65-80  162.00-165.00    456
165.00   35-65  165.00-165.00    435

164.72   TOTAL  162.00-165.00  1,243
HEIFERS - LIVE FOB                    HEIFERS - DRESSED DELIVERED
164.35   80+    162.00-165.00    438  256.00  80+    256.00-256.00    155
162.00   65-80  162.00-162.00    166
165.00   35-65  165.00-165.00    270

164.10   TOTAL  162.00-165.00    874  256.00  TOTAL  256.00-256.00    155


IOWA     CONFIRMED CASH SALES:   19,362  WEEK TO DATE:  38,387
STEERS - LIVE FOB                     STEERS -  DRESSED DELIVERED
161.77   80+    160.00-165.00  4,224  256.73  80+    253.00-260.00  1,079
161.58   65-80  159.00-163.00  3,485  256.76  65-80  252.00-260.00  1,290
159.00   35-65  159.00-159.00    185  259.18  35-65  255.00-260.00    245
163.00    0-35  163.00-163.00     34

161.63   TOTAL  159.00-165.00  7,928  256.97  TOTAL  252.00-260.00  2,614
HEIFERS - LIVE FOB                    HEIFERS - DRESSED DELIVERED
160.47   80+    160.00-162.00  1,198  254.23  80+    254.00-255.00    162
161.51   65-80  160.00-163.00    584  254.63  65-80  252.00-256.00    231

160.81   TOTAL  160.00-163.00  1,782  254.48  TOTAL  252.00-256.00    393

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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