Slaughter Cattle: Trade in the South was 2.00 higher at 142.00 and Northern dressed trade was 3.00 higher at 220.00. In the 3 front months, Live Cattle futures closed from 0.43 to 2.25 lower. USDA’s most recent carcass weight data showed weights were 2 lbs. lighter than last week at 922 lbs. and 8 lbs. less than a year ago.
Feeder Cattle: National average price for feeder steers @ 156.71, 4.34 higher with trade mostly 1.00 lower to 4.00 higher. In the 3 front months, Feeder Cattle futures closed from 0.02 to 3.03 lower.
Stocker Calves: National average price for stocker steers @ 174.06, 5.96 higher with trade mostly 1.00 to 6.00 higher.
CME Feeder Cattle Index: 161.58, 4.10 higher than last Friday.
Boxed Beef Cutouts: Choice cutout 5.65 lower at 274.36 and the Select cutout 3.64 lower at 258.64. The Choice/Select spread at 15.72 was 2.01 lower than last week.
Cutter Cow Cutout: 1.08 lower at 229.63.
Slaughter Cows: Trade steady to 1.00 higher.
Total red meat production under Federal inspection for the week ending Saturday, December 04, 2021 was estimated at 1142.6 million lbs. according to the USDA’s Agriculture's Marketing Service. This was 18.9 percent higher than a week ago and 3.0 percent lower than a year ago. Cumulative meat production for the year to date was 0 percent higher compared to the previous year.
Grain: For the week, corn 0.02 lower @ 5.74 with December futures @ 5.8400, down 0.0775. Wheat 0.46 lower @ 7.94 and the futures @ 8.0375, down 0.3650.