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DTN CATTLE PRICES/TRENDS               01/17 14:00

       HEAD SOLD LIVE  STEERS  DRESSED        LIVE  HEIFERS  DRESSED
KANSAS     .    *118.00(BID)   .             *118.00(BID)    .
NEBRASKA   .    *118.00(BID)  *189-190(BID)  *118.00(BID)   *189-190(BID)
TEXAS      .     .             .              .              .
COLORADO   .     .             .              .              .
IOWA       .     .             .              .              .
                         *=PRIVATE SOURCES

DTN COMMENTS: The cash cattle market remains very quiet this afternoon with 
significant trade volume probably delayed until sometime Thursday or Friday. 
Showlists started the day priced on a firm basis (e.g. 122.00-123.00 in the 
South and 195.00 plus in the North), but our guess is that feedlot managers 
are assuming an even firmer hold on ready cattle given today's impressive 
advance in cattle futures.

The Fed Cattle Exchange Auction today listed a total of 304 head, with 108 
actually sold, 53 head listed as unsold, and 143 head listed as PO (Passed 
Offer). The state by state breakdown looks like this: KS 196 total head, with 
0 head sold, 53 head unsold, 143 head listed as PO ($118.00-$119.50); NE - no 
cattle reported; TX 108 total head, with 108 head sold at $119.75, 0 head 
unsold, and 0 head listed as PO; CO - no cattle reported; IA - no cattle 
reported; other states - no cattle reported. The delivery date/weighted 
averages breakdown is as listed: 1-9 day delivery: 304 head total, 108 head 
sold, with a weighted average price of $119.75; 1-17 day delivery - no cattle 
reported; 10-17 day delivery - no cattle reported; 17-30 day delivery - no 
cattle reported.

Today's kill totaled 117,000 head, 1,000 below last week, but 2,000 above a 
year ago. Live and feeder cattle futures settled with triple digit gains with 
many contracts closing above 40-day moving averages. Beef cutouts are expected 
to close mixed with 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:        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:        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


TEXAS    CONFIRMED CASH SALES:       58  WEEK TO DATE:        58
STEERS  - LIVE FOB                    STEERS  - DRESSED DELIVERED
No reportable trade                   No reportable trade
HEIFERS - LIVE FOB                    HEIFERS - DRESSED DELIVERED
118.00   35-65  118.00-118.00     58  No reportable trade

118.00   TOTAL  118.00-118.00     58


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:       12  WEEK TO DATE:        12
STEERS  - LIVE FOB                    STEERS  - DRESSED DELIVERED
No reportable trade                   No reportable trade
HEIFERS - LIVE FOB                    HEIFERS - DRESSED DELIVERED
No reportable trade                   193.00   80+    193.00-193.00     12

                                      193.00   TOTAL  193.00-193.00     12

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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