For the week, slaughter cattle traded 2.00 higher in the South and 3.00 higher in the North. Feeder and stocker cattle not tested due to Holiday closures. Live cattle & feeder cattle futures were slightly lower with dressed beef cutouts and grain 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: +0.57%
Change from 10 Days Ago: +3.71%
60-Day Index Trendline
Change from 60 Days Ago: +7.53%
Change from 60 Day High: 0.00%
Slaughter Cattle: Trade in the South 2.00 higher at 157.00 with Northern dressed trade 3.00 higher at 252.00. In the 3 front months, Live Cattle futures closed from 0.03 lower to 0.15 higher. USDA’s most recent carcass weight data showed weights averaged 927 lbs., 1 lb. lighter than last week and 3 lbs. heavier than last year.
- This Week: 157.00 / Month Ago: 155.00 / Year Ago: 138.00 / 5 Year Avg: 121.07
Feeder Cattle: Most auctions closed for the Christmas/New Year Holidays. In the 3 front months, Feeder Cattle futures closed from 0.30 to 0.63 lower.
- Last Week: 174.84 / Month Ago: 174.18 / Year Ago: 158.44 / 5 Year Avg: 147.33
Stocker Calves: Most auctions closed for the Christmas/New Year Holidays.
- Last Week: 200.28 / Month Ago: 197.24 / Year Ago: 177.82 / 5 Year Avg: 169.23
CME Feeder Cattle Index: 181.93, 5.18 higher than last week.
- This Week: 181.93 / Month Ago: 179.03 / Year Ago: 165.21 / 5 Year Avg: 147.05
Boxed Beef Cutouts: Choice cutout 10.03 higher at 281.98 and the Select cutout 5.46 higher at 250.93. The Choice/Select spread at 31.05, 4.57 higher.
- This Week: 281.98 / Month Ago: 249.93 / Year Ago: 265.26 / 5 Year Avg: 242.77
Cutter Cow Cutout: 1.01 higher at 192.97
Slaughter Cows: Limited trade mostly steady to 2.00 higher.
Total red meat production under Federal inspection for the week ending Saturday, December 31, 2022 was estimated at 932.1 million lbs. according to the USDA’s Agriculture's Marketing Service. This was 8.6 percent higher than a week ago and 1.9 percent higher than a year ago.
Grain: Corn was 0.08 lower @ 7.23 with March futures @ 6.7850, 0.1225 higher. Wheat 0.26 higher at 8.53 and the futures @ 7.9200, up 0.1600.