TO_LS765 Kearney, NE Thu Jul 10, 2020 USDA-NE Dept of Ag Market News Wyoming and Nebraska Direct Feeder Cattle Summary Feeder Cattle Weighted Average Report for 07/10/2020 Receipts: 5,300 Week Ago: None Year Ago: 3,257 First reported sales in a few weeks a market trend is not applicable. Demand was good for large strings of yearlings off of summer grass. Typically after the video sales kind of set a price, the direct sales usually pickup on summer yearlings. Most of these cattle are coming off of short grass and should weigh relatively close to base weights. Few, will have a 25 lbs weight stop applied if needed. Direct prices are current FOB with a 2-3 percent shrink or equivalent, with a 10-12 cent slide on calves and 6-8 cent slide on feeders from base weight. Delivered prices include freight, commissions and other expenses. All offerings weighed over 600 lbs with 52 percent of the receipts being heifers. Feeder Steers Medium and Large 1 Head Wt Range Avg Wt Price Range Avg Price Delivery 250 825 825 138.62 138.62 Current FOB 1500 935 935 134.00 134.00 Current FOB 500 815 815 143.00 143.00 Aug FOB 275 925 925 138.00 138.00 Current Del Feeder Heifers Medium and Large 1 Head Wt Range Avg Wt Price Range Avg Price Delivery 675 740 740 134.00 134.00 Aug FOB 2100 860 860 131.69 131.69 Aug-Sep FOB Source: NE Dept of Ag - USDA Market News Service, Kearney NE Thomas Walthers, OIC 308-390-5399 Email: Thomas.walthers@usda.gov www.ams.usda.gov/mnreports/TO_LS765.txt 1110c tlw