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DTN CATTLE PRICES/TRENDS               07/01 11:05

KANSAS   2,500   150.00        .              150.00         .
NEBRASKA   200   150.00 West  *236-240(BID)   150.00 West   *236-240(BID)
TEXAS      500   150.00        .              150.00         .
COLORADO   .     .             .              .              .
IOWA       .     .            *237-240(BID)   .             *237-240(BID)
                         *=PRIVATE SOURCES

DTN COMMENTS: It looks like some cattle buyers are moving to secure 
inventory this morning. Indeed, moderate business is evident in parts of the 
South with live sales generally $2.00 higher than last week. It would appear 
that packers are both short bought and needing to get covered before the 
holiday break. News of such spending together with sharply higher futures 
should work to gird asking prices elsewhere. In general, steers and heifers 
are probably priced around 150.00 in the South and 240.00 plus in the North. 

Cattle futures are sharply higher near midsession, supported by aggressive 
short covering technical buying and signs of stronger packer spending. Beef 
cutouts are slightly higher at midday (252.78 +.05, Select 249.52 +.17) with 
light to moderate box movement (43.63 lds of choice cuts, 22.67 lds of 
select cuts 16.54 lds of trim, and 14.73 lds of ground).

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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