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DTN CATTLE PRICES/TRENDS               09/20 12:00

       HEAD SOLD LIVE  STEERS  DRESSED        LIVE  HEIFERS  DRESSED
KANSAS     .     .             .              .              .
NEBRASKA   .    *104.00(BID)  *165.00(BID)   *104.00(BID)   *165.00(BID)
TEXAS      .    *104.00(BID)   .             *104.00(BID)    .
COLORADO   .     .             .              .              .
IOWA       .     .             .              .              .
ILLINOIS   100   107.00        .              .              . 
                         *=PRIVATE SOURCES

DTN COMMENTS:  Feedlot country remains quiet at midday with packer inquiry 
minimal and selling interest becoming more bullish in the face of sharply 
higher futures. Fed Cattle may not be priced until sometime Thursday or 
Friday. Indeed, we could be in for yet another late Friday round of cash 
business.

The Fed Cattle Exchange Auction report today listed a total of 1,450 head, 
with 636 actually sold, 440 head listed as unsold, and 374 head listed as PO. 
The state by state breakdown looks like this: KS 608 total head, with 382 head 
sold at $106.50-$106.75, 0 head unsold, 226 head listed as PO ($106.00); NE 
300 total head, with 0 head sold, 300 head unsold, and 0 head listed as PO; TX 
542 total head, with 254 head sold at $106.75, 140 head unsold, and 148 head 
listed as PO ($106.50); CO no cattle listed; IA no cattle listed; other states 
no cattle listed. The delivery date/weighted averages breakdown is as listed: 
1-9 day delivery: 1,150 head total, 636 head sold, with a weighted average 
price of $106.67; 1-17 day delivery 97 head total, no sales; 10-17 day 
delivery 0 head total; 17-30 day delivery 203 head total, no sales.

Beef cutouts are lower at midday (Choice 191.98 -0.13, Select 188.63 -0.20) 
light to moderate box movement (48.11 lds of choice cuts, 14.28 lds of 
select cuts, 28.87 lds of trim, and 32.75 lds of ground). Live and feeder 
cattle futures have exploded higher at mid-week with triple digit gains now 
dominating both markets. Aggressive buying seems to be tied to short-
covering and technical buying. Specifically spot October live triggered new 
buying interest when it first rose above the 40-day moving average, and then 
again when the rally pushed above the late August high of 109.75. 

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
HEIFERS - LIVE FOB                    HEIFERS - DRESSED DELIVERED
No reportable trade                   No reportable trade


NEBRASKA CONFIRMED CASH SALES:      313  WEEK TO DATE:       313
STEERS  - LIVE FOB                    STEERS  - DRESSED DELIVERED
No reportable trade                   No reportable trade
HEIFERS - LIVE FOB                    HEIFERS - DRESSED DELIVERED
No reportable trade                   No reportable trade


TEXAS    CONFIRMED CASH SALES:        0  WEEK TO DATE:         0
STEERS  - LIVE FOB                    STEERS  - DRESSED DELIVERED
No reportable trade                   No reportable trade
HEIFERS - LIVE FOB                    HEIFERS - DRESSED DELIVERED
No reportable trade                   No reportable trade


COLORADO CONFIRMED CASH SALES:        0  WEEK TO DATE:         0
STEERS  - LIVE FOB                    STEERS  - DRESSED DELIVERED
No reportable trade                   No reportable trade
HEIFERS - LIVE FOB                    HEIFERS - DRESSED DELIVERED
No reportable trade                   No reportable trade


IOWA     CONFIRMED CASH SALES:       35  WEEK TO DATE:        57
STEERS  - LIVE FOB                    STEERS  - DRESSED DELIVERED
No reportable trade                   No reportable trade
HEIFERS - LIVE FOB                    HEIFERS - DRESSED DELIVERED
No reportable trade                   No reportable trade

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. 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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