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DTN CATTLE PRICES/TRENDS               02/24 11:30

      HEAD SOLD LIVE  STEERS  DRESSED        LIVE  HEIFERS DRESSED 
KANSAS     .   *114(BID)      .             *114(BID)      .
NEBRASKA   .   *113(BID)      .             *113(BID)      .
TEXAS      .   *114(BID)      .             *114(BID)      .
COLORADO   .    .             .              .             .
IOWA       .    .             .              .             .
                               *PRIVATE SOURCES     
    
DTN COMMENTS:  A few more bids are now on the table in all three major 
feeding states. While it is possible that we may see some trade develop 
today, it is very possible that significant trade volume could be delayed 
until Thursday or later. Asking prices are around $116 in the South and not 
fully established North as of yet. 

The Fed Cattle Exchange Auction today listed a total of 1,199 head, of which 
409 actually sold, 790 head were listed as unsold, as they did not meet the 
reserve prices, that ranged from $114 to $116. Opening prices ranged from $112 
to $113.50, high bids ranged from $114 to $114.25. The state by state 
breakdown looks like this: TX 1,071 total head, with 409 head sold at $114.25, 
662 head unsold; OK 74 total head, all of which went unsold; KS 54 total head, 
all of which went unsold.

Beef cutouts are mixed at midday (choice 241.40 +1.11, select 229.89 -0.64) 
with light to moderate box movement (54.48 lds of choice cuts, 5.54 lds of 
select cuts, 10.32 lds of trim, and 10.22 lds of ground). Cattle futures 
near the top of the noon hour are mostly moderately to sharply higher on 
both live and feeder contracts.

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:     879  WEEK TO DATE:       879
STEERS - LIVE - FOB                   STEERS - DRESSED - DELIVERED
No reportable trade                   181.00   80+    181.00-181.00    539

                                      181.00   TOTAL  181.00-181.00    539
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:   1,081  WEEK TO DATE:     1,081
STEERS - LIVE - FOB                   STEERS - DRESSED - DELIVERED
114.05   80+    114.05-114.05    532  No reportable trade
114.05   65-80  114.05-114.05    118

114.05   TOTAL  114.05-114.05    720
STEERS - LIVE - DELIVERED             STEERS - DRESSED - FOB
No reportable trade                   No reportable trade
HEIFERS - LIVE - FOB                  HEIFERS - DRESSED - DELIVERED
114.05   65-80  114.05-114.05    361  No reportable trade

114.05   TOTAL  114.05-114.05    361
HEIFERS - LIVE - DELIVERED            HEIFERS - DRESSED - FOB
No reportable trade                   No reportable trade


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:     715  WEEK TO DATE:       838
STEERS - LIVE - FOB                   STEERS - DRESSED - DELIVERED
No reportable trade                   180.86   80+    180.00-181.00    666

                                      180.86   TOTAL  180.00-181.00    666
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.

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