For the week, slaughter cattle traded steady in the South and 1.00 higher in the North with feeder and stocker cattle lower. Live cattle & feeder cattle futures were higher with dressed beef cutouts and grain also 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: +0.58%

Change from 10 Days Ago: +1.65%

   

 60-Day Index Trendline

Change from 60 Days Ago: +5.15%​

Change from 60 Day High:   0.00%​

 

Slaughter Cattle: Trade in the South steady at 155.00 with Northern dressed trade 1.00 higher at 249.00. In the 3 front months, Live Cattle futures closed from 1.85 to 2.12 higher. USDA’s most recent carcass weight data showed weights averaged 928 lbs., 3 lbs. heavier than last week and 1 lb. lighter than last year.
  • This Week: 155.00 / Month Ago: 155.00 / Year Ago: 137.00 / 5 Year Avg: 120.92
Feeder Cattle: The national average price for feeder steers @ 174.84, 0.53 lower with trade mostly 4.00 lower to 3.00 higher. In the 3 front months, Feeder Cattle futures closed from 0.23 to 2.13 higher.
  • This Week: 174.84 / Month Ago: 172.74 / Year Ago: 157.05 / 5 Year Avg: 147.21
Stocker Calves: The national average price for stocker steers @ 200.28, 1.24 lower with trade 3.00 lower to 2.00 higher.
  • This Week: 200.28 / Month Ago: 193.81 / Year Ago: 177.61 / 5 Year Avg: 168.09
CME Feeder Cattle Index: 176.75, 2.76 lower than last week.
  • This Week: 176.75 / Month Ago: 174.83 / Year Ago: 161.04 / 5 Year Avg: 146.97
Boxed Beef Cutouts: Choice cutout 9.12 higher at 271.95 and the Select cutout 10.02 higher at 245.47. The Choice/Select spread at 26.48, 0.90 lower.
  • This Week: 271.95 / Month Ago: 251.83 / Year Ago: 263.01 / 5 Year Avg: 242.52
Cutter Cow Cutout: 2.58 higher at 191.96.
Slaughter Cows: Trade mostly 2.00 lower to 3.00 higher.
Total red meat production under Federal inspection for the week ending Saturday, December 24, 2022 was estimated at 855.6 million lbs. according to the USDA’s Agriculture's Marketing Service. This was 21.2 percent lower than a week ago and 3.3 percent higher 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 0.24 higher @ 7.31 with March futures @ 6.6625, 0.1325 higher. Wheat 0.18 higher at 8.09 and the futures @ 7.7600, up 0.2250.