For the week, slaughter cattle were steady. Feeder cattle traded slightly lower and stocker calves slightly higher. Both Live Cattle futures and Feeder Cattle Futures were lower. Dressed beef cutouts were mixed.  
   

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: -1.75%

Change from 10 Days Ago: -0.48%

   

 60-Day Index Trendline

Change from 60 Days Ago: +0.56%​

Change from 60 Day High: -1.75%​

 

Slaughter Cattle: Trade in the South steady at 150.00 with Northern dressed trade also steady at 242.00. In the 3 front months, Live Cattle futures closed from 0.13 to 1.12 lower. USDA’s most recent carcass weight data showed weights averaged 928 lbs., 3 lbs. heavier than last week and 8 lbs. heavier than last year.
  • This Week: 150.00 / Month Ago: 145.00 / Year Ago: 132.00 / 5 Year Avg: 120.00
Feeder Cattle: The national average price for feeder steers @ 173.27, 0.11 lower with trade mostly 1.00 higher to 3.00 lower. In the 3 front months, Feeder Cattle futures closed from 0.47 to 1.05 lower.
  • This Week: 173.27 / Month Ago: 174.00 / Year Ago: 151.71 / 5 Year Avg: 146.58
Stocker Calves: The national average price for stocker steers @ 193.58, 0.81 higher with trade 3.00 higher to 2.00 lower.
  • This Week: 193.58 / Month Ago: 189.27 / Year Ago: 167.72 / 5 Year Avg: 168.33
CME Feeder Cattle Index: 175.46, 1.53 lower than last week.
  • This Week: 175.46 / Month Ago: 174.11 / Year Ago: 155.06 / 5 Year Avg: 146.51
Boxed Beef Cutouts: Choice cutout 4.81 lower at 258.94 and the Select cutout 3.37 higher at 235.27. The Choice/Select spread at 23.67, 8.18 lower.
  • This Week: 258.94 / Month Ago: 246.98 / Year Ago: 284.30 / 5 Year Avg: 241.46
Cutter Cow Cutout: 2.73 lower at 194.00
Slaughter Cows: Trade mostly 1.00 higher to 2.00 lower.
Total red meat production under Federal inspection for the week ending Saturday, November 12, 2022 was estimated at 1095.6 million lbs. according to the USDA’s Agriculture's Marketing Service. This was 1.2 percent lower than a week ago and 2.1 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 0.06 lower @ 7.05 with December futures @ 6.5800, 0.2300 lower. Wheat 0.11 lower at 8.94 and the futures @ 8.1375, down 0.3400.