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DTN CATTLE PRICES/TRENDS               07/24 11:20

       HEAD SOLD LIVE  STEERS  DRESSED        LIVE  HEIFERS  DRESSED
KANSAS     .    *162.00(BID)   .             *162.00(BID)    .
NEBRASKA 3,000   162.00        257-262       *163.00(BID)    257-262
TEXAS      .    *160-162(BID)  .             *160-162(BID)   .
COLORADO   .    *162.00(BID)   .             *162.00(BID)    .
IOWA       200   .             257.00         .              257.00
                         *=PRIVATE SOURCES

DTN COMMENTS:  The cash cattle trade is putting in an explosive session as 
short bought packers rush to cover immediate slaughter needs. Dressed 
business in the North ranges between 257.00 and 262.00, roughly $10.00-15.00 
higher than last week's weighted average basis Nebraska. Most live sales in 
the North appear to be around 162.00, $6.00 higher than a week ago. Southern 
business remains slow with some feedlots apparently passing bids of 162.00 
(i.e. $7.00 higher than last week's cash average). Needless to say, these 
are crazy times thanks to a unique combination of extraordinarily tight fed 
supplies and strong beef demand. We assume trade volume totals will grow in 
all areas through today and possibly into Friday. Our guess is we've 
essentially seen the highs of the week. But who knows?  

Beef cutouts are sharply higher at midday (Choice 255.87 +3.28, Select 
252.47 +3.76) with light to moderate box movement (57.60 lds of choice cuts, 
3.67 lds of select cuts, 4.01 lds of trim, and 9.66 lds of ground). Cattle 
futures are mixed at midday with spot August live receiving the most buying 
attention. 

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:      702  WEEK TO DATE:     702
STEERS - LIVE FOB                     STEERS -  DRESSED DELIVERED
162.00   80+    162.00-162.00    176  257.00  65-80  257.00-257.00    116
162.00    0-35  162.00-162.00     39  255.00  35-35  255.00-255.00     40

160.00   TOTAL  162.00-162.00    215  256.49  TOTAL  255.00-257.00    156
HEIFERS - LIVE FOB                    HEIFERS - DRESSED DELIVERED
160.00   80+    160.00-160.00     44  257.00  65-80  257.00-257.00    127
162.00   35-65  162.00-162.00    160

161.57   TOTAL  160.00-162.00    204  257.00  TOTAL  257.00-257.00    127


NEBRASKA CONFIRMED CASH SALES:    9,386  WEEK TO DATE:  10,833
STEERS - LIVE FOB                     STEERS -  DRESSED DELIVERED
164.59   80+    160.00-165.00  1,942  255.21  80+    255.00-257.00  1,171
163.59   65-80  161.00-165.00    624  255.00  65-80  255.00-255.00  1,331
                                      255.64  35-65  255.00-257.00    607

164.35   TOTAL  160.00-165.00  2,566  255.20  TOTAL  255.00-257.00  3,109
HEIFERS - LIVE FOB                    HEIFERS - DRESSED DELIVERED
162.32   80+    160.00-165.00  1,003  256.49  80+    255.00-257.00    175
                                      255.21  65-80  255.00-257.00    761

162.32   TOTAL  160.00-165.00  1,003  255.45  TOTAL  255.00-257.00    936


TEXAS    CONFIRMED CASH SALES:      594  WEEK TO DATE:     594
STEERS - LIVE FOB                     STEERS -  DRESSED DELIVERED
162.00   35-65  162.00-162.00     67  No reportable trade

162.00   TOTAL  162.00-162.00     67
HEIFERS - LIVE FOB                    HEIFERS - DRESSED DELIVERED
160.00   65-80  160.00-160.00    184  No reportable trade
162.00   35-65  162.00-162.00    173

160.97   TOTAL  160.00-162.00    357


COLORADO CONFIRMED CASH SALES:      683  WEEK TO DATE:     683
STEERS - LIVE FOB                     STEERS -  DRESSED DELIVERED
165.00   80+    165.00-165.00    363  No reportable trade

165.00   TOTAL  165.00-165.00    363
HEIFERS - LIVE FOB                    HEIFERS - DRESSED DELIVERED
165.00   80+    165.00-165.00    162  No reportable trade

165.00   TOTAL  165.00-165.00    162


IOWA     CONFIRMED CASH SALES:   18,378  WEEK TO DATE:  19,025
STEERS - LIVE FOB                     STEERS -  DRESSED DELIVERED
160.39   80+    158.00-162.00  2,993  254.85  80+    252.00-255.00  1,226
161.64   65-80  160.00-162.00  2,202  254.37  65-80  254.00-255.00  1,936

160.92   TOTAL  158.00-162.00  5,195  254.55  TOTAL  252.00-255.00  3,162
HEIFERS - LIVE FOB                    HEIFERS - DRESSED DELIVERED
160.06   80+    158.00-162.00  1,251  254.42  80+    254.00-255.00    578
160.77   65-80  159.00-162.00  1,397  254.18  65-80  254.00-257.00  1,366
160.00   35-65  160.00-160.00     45

160.43   TOTAL  158.00-162.00  2,693  254.25  TOTAL  254.00-257.00  1,944

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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