For the week, slaughter cattle were 4.00 higher in the North and 5.00 higher in the South. Feeder cattle and stocker calves slightly higher. Both Live Cattle futures and Feeder Cattle Futures were mixed. Dressed beef cutouts were around 10.00 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: +0.54%
Change from 10 Days Ago: +5.65%
60-Day Index Trendline
Change from 60 Days Ago: +0.53%
Change from 60 Day High: -0.37%
Slaughter Cattle: Trade in the South was 5.00 higher at 153.00 with Northern dressed trade 4.00 higher at 240.00. In the 3 front months, Live Cattle futures closed from 0.80 higher to 0.10 lower. USDA’s most recent carcass weight data showed weights averaged 924 lbs., 4 lbs. heavier than last week and 2 lbs. heavier than last year.
- This Week: 153.00 / Month Ago: 143.00 / Year Ago: 126.00 / 5 Year Avg: 119.88
Feeder Cattle: The national average price for feeder steers @ 173.43, 0.55 higher with trade 4.00 higher to 1.00 lower. In the 3 front months, Feeder Cattle futures closed from 0.32 higher to 0.48 lower.
- This Week: 173.43 / Month Ago: 176.34 / Year Ago: 152.24 / 5 Year Avg: 146.36
Stocker Calves: The national average price for stocker steers @ 191.42, 1.57 higher with trade 5.00 higher to 2.00 lower.
- This Week: 191.42 / Month Ago: 195.68 / Year Ago: 165.19 / 5 Year Avg: 168.09
CME Feeder Cattle Index: 175.85, 2.91 higher than last week.
- This Week: 175.85 / Month Ago: 175.46 / Year Ago: 155.88 / 5 Year Avg: 146.35
Boxed Beef Cutouts: Choice cutout 9.55 higher at 263.26 and the Select cutout 10.13 higher at 234.49. The Choice/Select spread at 28.77, 0.58 lower.
- This Week: 263.26 / Month Ago: 243.75 / Year Ago: 285.72 / 5 Year Avg: 240.96
Cutter Cow Cutout: 3.68 lower at 199.23.
Slaughter Cows: Trade mostly steady to 3.00 lower.
Total red meat production under Federal inspection for the week ending Saturday, October 29, 2022 was estimated at 1102.6 million lbs. according to the USDA’s Agriculture's Marketing Service. This was 0.4 percent lower than a week ago and 0.5 percent lower than a year ago. Cumulative meat production for the year to date was 0.5 percent lower compared to the previous year.
Grain: Corn was 0.03 higher @ 7.07 with December futures @ 6.8075, 0.0350 lower. Wheat 0.23 lower at 8.90 and the futures @ 8.2925, down 0.2150.
-
View Complete Summary • • Printable Version • • Archive
-
Subscribe to receive via e-mail Saturday mornings around 7:00 AM