For the week, slaughter cattle were 2.00 higher in the North and 3.00 lower in the South. Feeder cattle 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: -0.31%

Change from 10 Days Ago: +0.05%

   

 60-Day Index Trendline

Change from 60 Days Ago: -1.47%​

Change from 60 Day High: -1.68%​

 

Slaughter Cattle: Trade in the South was 3.00 higher at 150.00 with Northern dressed trade 2.00 higher at 242.00. In the 3 front months, Live Cattle futures closed from 1.22 to 1.95 lower. USDA’s most recent carcass weight data showed weights averaged 925 lbs., 1 lb. heavier than last week and 7 lbs. heavier than last year.
  • This Week: 150.00 / Month Ago: 144.00 / Year Ago: 130.00 / 5 Year Avg: 120.00
Feeder Cattle: The national average price for feeder steers @ 174.71, 1.28 higher with trade mostly 1.00 lower to 3.00 higher. In the 3 front months, Feeder Cattle futures closed from 0.05 to 0.95 lower.
  • This Week: 174.71 / Month Ago: 176.22 / Year Ago: 151.97 / 5 Year Avg: 146.47
Stocker Calves: The national average price for stocker steers @ 193.78, 2.36 higher with trade 1.00 to 4.00 higher.
  • This Week: 193.78 / Month Ago: 192.77 / Year Ago: 165.87 / 5 Year Avg: 168.21
CME Feeder Cattle Index: 176.99, 1.14 higher than last week.
  • This Week: 176.99 / Month Ago: 174.92 / Year Ago: 155.27 / 5 Year Avg: 146.43
Boxed Beef Cutouts: Choice cutout 0.49 higher at 263.75 and the Select cutout 2.59 lower at 231.90. The Choice/Select spread at 31.95, 3.08 higher.
  • This Week: 263.75 / Month Ago: 246.07 / Year Ago: 289.54 / 5 Year Avg: 241.21
Cutter Cow Cutout: 2.50 lower at 196.73.
Slaughter Cows: Trade mostly steady to 2.00 lower. Total red meat production under Federal inspection for the week ending Saturday, November 05, 2022 was estimated at 1108.4 million lbs. according to the USDA’s Agriculture's Marketing Service. This was 0.5 percent higher than a week ago and 0.1 percent higher 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 0.04 higher @ 7.11 with December futures @ 6.8100, 0.0025 higher. Wheat 0.15 higher at 9.05 and the futures @ 8.4775, up 0.1850.