For the week, slaughter cattle were 1.00 higher in the South and steady in the North. Feeder cattle and stocker calves were about 1.00 and 3.00 lower, respectively. Both Live Cattle & Feeder Cattle Futures were higher. Dressed beef cutouts were mixed with select cutout higher and the choice cutout sharply 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: -0.67%
Change from 10 Days Ago: -1.81%
60-Day Index Trendline
Change from 60 Days Ago: -7.44%
Change from 60 Day High: -9.78%
Slaughter Cattle: Trade in the South was 1.00 higher at 144.00 with Northern dressed trade steady at 230.00. In the 3 front months, Live Cattle futures closed from 1.00 to 2.05 higher. USDA’s most recent carcass weight data showed weights averaged 915 lbs., 3 lbs. lighter than last week and 1 lb. heavier than last year.
Feeder Cattle: The national average price for feeder steers @ 176.22, 1.29 lower with trade 2.00 higher to 4.00 lower. In the 3 front months, Feeder Cattle futures closed from 0.55 to 1.00 higher.
Stocker Calves: The national average price for stocker steers @ 192.77, 2.91 lower with trade 2.00 higher to 6.00 lower.
CME Feeder Cattle Index: 174.92, 0.54 lower than last week.
Boxed Beef Cutouts: Choice cutout 2.32 higher at 246.07 and the Select cutout 4.00 lower at 216.13. The Choice/Select spread at 29.94, 6.32 higher.
Cutter Cow Cutout: 1.91 lower at 208.09.
Slaughter Cows: Trade mostly 2.00 to 5.00 lower.
Total red meat production under Federal inspection for the week ending Saturday, October 08, 2022 was estimated at 1095.9 million lbs. according to the USDA’s Agriculture's Marketing Service. This was 1.7 percent higher than a week ago and 0.8 percent lower than a year ago. Cumulative meat production for the year to date was 0.6 percent lower compared to the previous year.
Grain: Corn was 0.03 higher @ 7.13 with December futures @ 6.8325, 0.0575 higher. Wheat 0.23 lower at 9.29 and the futures @ 8.8025, down 0.4125.
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