For the week, slaughter cattle were 1.00 to 4.00 higher with feeder cattle and stocker calves slightly higher. Live Cattle futures and Feeder Cattle futures were mostly higher. Dressed beef trade was lower. Corn traded higher with wheat lower.
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: -0.48%
Change from 10 Days Ago: +1.61%
60-Day Index Trendline
Change from 60 Days Ago: -3.82%
Change from 60 Day High: -3.82%
Slaughter Cattle: Trade in the South was 1.00 higher at 140.00 and Northern dressed trade 4.00 higher at 230.00. In the 3 front months, Live Cattle futures closed from 1.78 to 2.05 higher. USDA’s most recent carcass weight data showed weights were 3 lbs. heavier than last week at 912 lbs., 12 lbs. more than a year ago.
Feeder Cattle: The national average price for feeder steers @ 159.30, 0.10 higher with trade 2.00 higher to 1.00 lower. In the 3 front months, Feeder Cattle futures closed from 2.55 higher to 0.25 lower in the front month.
Stocker Calves: The national average price for stocker steers @ 191.17, 0.22 higher with trade mostly 2.00 higher to 1.00 lower.
CME Feeder Cattle Index: 155.21, 0.74 lower than last Friday.
Boxed Beef Cutouts: Choice cutout 4.71 lower at 267.91 and the Select cutout 4.13 lower at 254.77. The Choice/Select spread was 13.14, 0.58 lower.
Cutter Cow Cutout: 5.91 lower at 221.53.
Slaughter Cows: Trade 2.00 higher to 3.00 lower.
Total red meat production under Federal inspection for the week ending Saturday, April 23, 2022 was estimated at 1075.2 million lbs. according to the USDA's Marketing Service. This was 3.1 percent higher than a week ago and 1.0 percent lower than a year ago. Cumulative meat production for the year to date was 2.6 percent lower compared to the previous year.
Grain: Corn was 0.05 higher @ 7.94 with May futures @ 7.9300, 0.0275 higher. Wheat 0.07 lower @ 10.86 and the futures @ 10.6550, down 0.3100.
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