Slaughter Cattle: Trade in the South was 2.00 lower at 140.00 and Northern dressed trade steady at 220.00. In the 3 front months, Live Cattle futures closed from 0.28 to 0.88 lower. USDA’s most recent carcass weight data showed weights were 4 lbs. heavier than last week at 926 lbs., 3 lbs. heavier than a year ago.
Feeder Cattle: National average price for feeder steers @ 158.04, 1.33 higher with trade mostly steady to 4.00 higher. In the 3 front months, Feeder Cattle futures closed from 0.75 higher to 1.80 lower.
Stocker Calves: National average price for stocker steers @ 176.77, 2.72 higher with trade mostly 2.00 to 5.00 higher.
CME Feeder Cattle Index: 161.51, 0.07 lower than last Friday.
Boxed Beef Cutouts: Choice cutout 9.82 lower at 265.54 and the Select cutout 6.40 lower at 252.24. The Choice/Select spread at 12.30 was 3.42 lower than last week.
Cutter Cow Cutout: 1.05 lower at 228.58.
Slaughter Cows: Trade 2.00 lower to 2.00 higher.
Total red meat production under Federal inspection for the week ending Saturday, December 11, 2021 was estimated at 1125.5 million lbs. according to the USDA. This was 1.3 percent lower than a week ago and 3.5 percent lower than a year ago. Cumulative meat production for the year to date was 0.1 percent lower compared to the previous year.
Grain: For the week, corn 0.06 higher @ 5.80 with March futures @ 5.9000, up 0.0600. Wheat 0.18 lower @ 7.76 and the futures @ 7.8525, down 0.1850.
