Compared to last week, slaughter cattle were 2.00 higher with feeder cattle slightly lower and stocker calves higher. Dressed beef was lower while corn traded higher.
Cattle/Beef Complex Indexes...
Indexes track the daily market values for the past 10 & 60 days. Each daily value is the weighted total of the Gain/(Loss) for 15 market factors compared to the previous trading day.
10-Day Index Trendline
Change from Previous Day: -0.49%
Change from 10 Days Ago: -0.34%
60-Day Index Trendline
Change from 60 Days Ago: +1.93%
Change from 60 Day High: -3.13%
Slaughter Cattle: Trade in the South was 2.00 higher at 142.00 and Northern dressed trade 2.00 higher at 226.00. In the 3 front months, Live Cattle futures closed from 1.38 higher to 0.30 lower. USDA’s most recent carcass weight data showed weights were 2 lbs. heavier than last week at 930 lbs., 8 lbs. higher than a year ago and 1 lb. less than the record high.
Feeder Cattle: The national average price for feeder steers @ 162.09, 0.72 lower with trade mostly 2.00 lower to 5.00 higher. In the 3 front months, Feeder Cattle futures closed 1.15 higher to 0.80 lower.
Stocker Calves: The national average price for stocker steers @ 195.29, 2.47 higher with trade 4.00 lower to 6.00 higher.
CME Feeder Cattle Index: 162.14, 0.50 lower than last Friday.
Boxed Beef Cutouts: Choice cutout 8.67 lower at 265.85 and the Select cutout 5.20 lower at 262.63. The Choice/Select spread was 3.22, 3.47 lower.
Cutter Cow Cutout: 0.43 lower at 231.41.
Slaughter Cows: Trade 1.00 lower to 4.00 higher.
Total red meat production under Federal inspection for the week ending Saturday, February 19, 2022 was estimated at 1110.9 million lbs. according to the USDA's Marketing Service. This was 0.2 percent higher than a week ago and 12.5 percent higher than a year ago. Cumulative meat production for the year to date was 4.7 percent lower compared to the previous year.
Grain: Corn was 0.03 higher @ 6.54 with March futures @ 6.5425, 0.0325 higher. Wheat 0.11 higher @ 8.05 and the futures @ 7.9700, down 0.0075.
