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<blockquote data-quote="Texan" data-source="post: 119261" data-attributes="member: 416"><p>Wouldn't hurt for you to be more specific. 'Steers' takes in a lot of territory. Could be anywhere from $65 or $70/cwt for big junk, to over $200/cwt for lightweight steer calves. But maybe you were talking about fed steers? If that's the case, here's the DJ report from Friday:</p><p></p><p><strong>DJ US Cash Cattle Midday: Light Cleanup Trade; Prices Steady </strong></p><p><strong></strong></p><p><strong>11:37 AM, August 26, 2005 </strong></p><p><strong></strong></p><p> <strong>KANSAS CITY (Dow Jones)--</strong>Light cleanup trading was reported in the central and southern Plains Friday at mostly $82 per hundredweight on a live basis, with a few up to $82.50, feedlot managers and analysts said. </p><p></p><p>Nearly all of the activity was reported in the Texas Panhandle. A market analyst in Nebraska said a few bids of $128 on a dressed basis were being circulated, but few, if any, sales resulted. Cattle owners were passing the bids until next week when they will have more cattle to sell, he said. </p><p></p><p>The U.S. Department of Agriculture and private sources reported sales this week at mostly $82 up to $82.50 on a live basis in Kansas, Oklahoma and Texas and a range of $81 to $83 in Nebraska. In Nebraska's dressed markets, cattle traded in a range from $127 to mostly $128 to $129. </p><p></p><p>The volumes traded this week made most feedlot managers and market analysts think the numbers that will be offered to packer buyers next week will be down, which could help keep prices steady in a week when packer demand for cattle will be down. Buyers next week will want fewer cattle because slaughter schedules the following week will be cut by observance of the Labor Day holiday, they said. </p><p></p><p>The USDA reported the composite value for choice beef at midday was down $0.24 at $132.51 while select was up $0.29 at $124.13. The volume of sales for fabricated loads was about 170, while the load count for trimmings and coarse grinds was 91. </p><p></p><p><strong>-By Lester Aldrich; Dow Jones Newswires</strong></p><p><strong></strong></p><p><strong>agriculture.com</strong></p></blockquote><p></p>
[QUOTE="Texan, post: 119261, member: 416"] Wouldn't hurt for you to be more specific. 'Steers' takes in a lot of territory. Could be anywhere from $65 or $70/cwt for big junk, to over $200/cwt for lightweight steer calves. But maybe you were talking about fed steers? If that's the case, here's the DJ report from Friday: [b]DJ US Cash Cattle Midday: Light Cleanup Trade; Prices Steady 11:37 AM, August 26, 2005 KANSAS CITY (Dow Jones)--[/b]Light cleanup trading was reported in the central and southern Plains Friday at mostly $82 per hundredweight on a live basis, with a few up to $82.50, feedlot managers and analysts said. Nearly all of the activity was reported in the Texas Panhandle. A market analyst in Nebraska said a few bids of $128 on a dressed basis were being circulated, but few, if any, sales resulted. Cattle owners were passing the bids until next week when they will have more cattle to sell, he said. The U.S. Department of Agriculture and private sources reported sales this week at mostly $82 up to $82.50 on a live basis in Kansas, Oklahoma and Texas and a range of $81 to $83 in Nebraska. In Nebraska's dressed markets, cattle traded in a range from $127 to mostly $128 to $129. The volumes traded this week made most feedlot managers and market analysts think the numbers that will be offered to packer buyers next week will be down, which could help keep prices steady in a week when packer demand for cattle will be down. Buyers next week will want fewer cattle because slaughter schedules the following week will be cut by observance of the Labor Day holiday, they said. The USDA reported the composite value for choice beef at midday was down $0.24 at $132.51 while select was up $0.29 at $124.13. The volume of sales for fabricated loads was about 170, while the load count for trimmings and coarse grinds was 91. [b]-By Lester Aldrich; Dow Jones Newswires agriculture.com[/b] [/QUOTE]
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