For the week, slaughter cattle trade was 1.00 to 2.00 higher with both feeder cattle and stocker calves also higher. Live Cattle & Feeder Cattle Futures were higher while dressed beef cutouts and corn were 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: +0.35%
Change from 10 Days Ago: +1.42%
60-Day Index Trendline
Change from 60 Days Ago: +12.88%
Change from 60 Day High: -0.18%
Slaughter Cattle: Trade in the South was 1.00 higher at 136.00 with Northern dressed trade 2.00 higher at 227.00. In the 3 front months, Live Cattle futures closed from 1.42 to 1.82 higher. USDA’s most recent carcass weight data showed weights averaged 893 lbs., 4 lbs. heavier than last week and 1 lb. below last year.
Feeder Cattle: The national average price for feeder steers @ 176.72, 2.39 higher with trade steady to 5.00 higher. In the 3 front months, Feeder Cattle futures closed from 0.95 to 2.23 higher.
Stocker Calves: The national average price for stocker steers @ 197.85, 1.66 higher with trade 2 lower to 4.00 higher.
CME Feeder Cattle Index: 175.43, 3.12 higher than last week.
Boxed Beef Cutouts: Choice cutout 5.36 lower at 263.88 higher and the Select cutout 3.58 lower at 238.67. The Choice/Select spread at 25.21, 1.78 lower.
Cutter Cow Cutout: 0.45 higher at 214.36.
Slaughter Cows: Trade steady to 6.00 higher.
Total red meat production under Federal inspection for the week ending Saturday, August 06, 2022 was estimated at 1027.1 million lbs. according to USDA’s Marketing Service. This was 0.5 percent lower than a week ago and 1.0 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 0.18 lower @ 7.12 with September futures @ 6.1025, 0.0600 lower. Wheat 0.27 lower @ 8.03 and the futures @ 7.7575, down 0.3200.
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