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DTN CATTLE PRICES/TRENDS               07/25 11:45

       HEAD SOLD LIVE  STEERS  DRESSED        LIVE  HEIFERS  DRESSED
KANSAS     .     .             .              .              .
NEBRASKA   .     .             .              .              .
TEXAS      .     .             .              .              .
COLORADO   .     .             .              .              .
IOWA       .     .             .              .              .
                         *=PRIVATE SOURCES

DTN COMMENTS:  Feedlot country remains untested at midday with bids and 
asking prices still poorly defined. We should start to see greater cash 
definition on Wednesday, but significant trade volume could be delayed until 
Thursday or Friday. Our guess is that feedlots will start out pricing cattle 
around 122.00 in the South, and 192.00 in the North. 

Beef cutouts are mixed at midday with select gaining on choice product 
(Choice 207.26 -0.20, Select 199.33 +1.44) with very light box movement 
(31.81 lds of choice cuts, 9.10 lds of select cuts, 9.03 lds of trim, and 
5.51 loads of ground). Cattle futures are mixed at midday thanks to the 
combination of follow-through selling and short-covering.

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:        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:    1,089  WEEK TO DATE:     1,089
STEERS  - LIVE FOB                    STEERS  - DRESSED DELIVERED
116.00   80+    116.00-116.00    176  186.00   80+    186.00-186.00    145

116.00   TOTAL  116.00-116.00    176  186.00   TOTAL  186.00-186.00    145
HEIFERS - LIVE FOB                    HEIFERS - DRESSED DELIVERED
No reportable trade                   186.00   80+    186.00-186.00    608

                                      186.00   TOTAL  186.00-186.00    608

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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