For the week, slaughter cattle ended the week 1.00 lower while feeder and stocker cattle traded higher. Live Cattle futures and Feeder Cattle Futures were mixed with the dressed beef cutouts trading 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: +0.61%

Change from 10 Days Ago: +2.79%

   

 60-Day Index Trendline

Change from 60 Days Ago: +8.84%​

Change from 60 Day High:  -0.30%​

 

Slaughter Cattle: Trade in the South 1.00 lower at 154.00 with Northern dressed trade 1.00 lower at 248.00. In the 3 front months, Live Cattle futures closed from 0.22 lower to 0.32 higher. USDA’s most recent carcass weight data showed weights averaged 927 lbs., 3 lbs. lighter than last week and 1 lb. lighter than last year.
  • This Week: 154.00 / Month Ago: 150.00 / Year Ago: 140.00 / 5 Year Avg: 120.66
Feeder Cattle: The national average price for feeder steers @ 174.80, 0.62 higher with trade mostly 2.00 lower to 3.00 higher. In the 3 front months, Feeder Cattle futures closed from 0.17 lower to 1.47 higher.
  • This Week: 174.80 / Month Ago: 173.27 / Year Ago: 158.04 / 5 Year Avg: 146.98
Stocker Calves: The national average price for stocker steers @ 199.07, 1.83 higher with trade 2.00 lower to 4.00 higher.
  • This Week: 199.07 / Month Ago: 193.58 / Year Ago: 176.77 / 5 Year Avg: 168.81
CME Feeder Cattle Index: 179.22, 0.19 higher than last week.
  • This Week: 179.22 / Month Ago: 175.46 / Year Ago: 161.51 / 5 Year Avg: 146.80
Boxed Beef Cutouts: Choice cutout 1.00 lower at 248.93 and the Select cutout 3.30 lower at 221.26. The Choice/Select spread at 27.67, 2.30 higher.
  • This Week: 248.93 / Month Ago: 258.94 / Year Ago: 264.54 / 5 Year Avg: 242.15
Cutter Cow Cutout: 2.38 lower at 186.78
Slaughter Cows: Trade mostly steady to 3.00 lower.
Total red meat production under Federal inspection for the week ending Saturday, December 10, 2022 was estimated at 1101.5 million lbs. according to the USDA’s Agriculture's Marketing Service. This was 1.2 percent lower than a week ago and 4.7 percent lower than a year ago.  Cumulative meat production for the year to date was 0.4 percent lower compared to the previous year.
Grain: Corn was 0.07 lower @ 6.99 with December futures @ 6.4400, 0.0225 lower. Wheat 0.37 lower at 7.87 and the futures @ 7.3425, down 0.2675.