For the week, slaughter cattle trade was steady with feeder cattle and stocker calves 1.16 to 1.99 higher, respectively.  Live Cattle & Feeder Cattle Futures were lower while dressed beef cutouts were mixed and corn surged 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: -1.17%

Change from 10 Days Ago: -0.78%


 60-Day Index Trendline

Change from 60 Days Ago: +8.25%​

Change from 60 Day High:   -3.29%​


Slaughter Cattle: Trade in the South was steady at 142.00 with Northern dressed trade also steady at 234.00. In the 3 front months, Live Cattle futures closed from 0.80 to 2.20 lower. USDA’s most recent carcass weight data showed weights averaged 901 lbs., 9 lbs. heavier than last week and 3 lbs. heavier than last year and only 5 lbs. lighter than the 2020 all-time high.
Feeder Cattle: The national average price for feeder steers @ 182.44, 1.16 higher with trade 2.00 lower to 4.00 higher. In the 3 front months, Feeder Cattle futures closed from 2.50 to 3.53 lower.
Stocker Calves: The national average price for stocker steers @ 203.06, 1.99 higher with trade mostly steady to 5.00 higher.
CME Feeder Cattle Index: 182.25, 3.04 higher than last week.
Boxed Beef Cutouts: Choice cutout 1.52 lower at 262.76 and the Select cutout 0.82 higher at 238.76. The Choice/Select spread at 24.00, 2.34 lower. 
Cutter Cow Cutout: 2.19 lower at 211.79.
Slaughter Cows: Trade steady to 3.00 higher.
Total red meat production under Federal inspection for the week ending Saturday, August 27, 2022 was estimated at 1057.2 million lbs. according to USDA’s Marketing Service. This was 1.3 percent higher than a week ago and 1.2 percent higher than a year ago.  Cumulative meat production for the year to date was 0.9 percent lower compared to the previous year.
Grain: Corn was 0.22 higher @ 7.53 with December futures @ 6.425, 0.4100 higher. Wheat 0.49 higher @ 8.38 and the futures @ 8.0525, up 0.3425.