Weekly Market Summary... February 26, 2021

A look at the week’s prices, trends, and news for the cattle/beef complex.
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For the week, feeder cattle & stocker calves made solid gains while slaughter cattle were only able to trade steady to 1.00 higher.  Dressed beef was slightly higher with grain higher again this week.  Live Cattle & Feeder Cattle futures closed lower with triple digit losses for Live Cattle futures on Friday.
   

Cattle/Beef 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.

Change from Previous Day: -1.39%

Change from 10 Days Ago: -0.84%

Change from 60 Days Ago: +2.27%​

  
 10-Day Index Trendline
 60-Day Index Trendline
   
Slaughter Cattle: Trade in the South steady at 114.00 with Northern dressed trade at 182.00, 1.00 higher.  In the 3 front months, Live Cattle futures closed from 2.10 to 3.67 lower.
Feeder Cattle: National average price for feeder steers @ 136.75, 1.42 higher with trade 0.50 lower to 3.00 higher. In the 3 front months, Feeder Cattle futures closed from 0.10 to 0.65 lower.
Stocker Calves: National average price for stocker steers @ 166.83, 3.31 higher with trade 1.00 to 8.00 higher.
CME Feeder Cattle Index: 138.91, 0.80 higher than last Friday.
Boxed Beef Cutouts: Choice cutout 1.30 higher at 240.53 and the Select cutout 1.83 higher at 229.73.  The Choice/Select spread is 10.80, 0.53 lower than last week.
Cutter Cow Cutout: 2.85 higher at 187.51.
Slaughter Cows: Trade 2.00 lower to 3.00 higher.
Total red meat production under Federal inspection for the week ending Saturday, February 27, 2021 was estimated at 1140.7 million lbs. according to the U.S. Department of Agriculture's Marketing Service. This was 13.8 percent higher than a week ago and 6.1 percent higher than a year ago.  Cumulative meat production for the year to date was 2 percent lower compared to the previous year.
Grain: For the week, Kansas City corn 0.13 higher @ 5.49 with the futures @ 5.5500, up 0.1225. Wheat 0.07 lower @ 5.95 and the futures @ 6.5500, up 0.0425.
  
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Weekly Market Summary Archive:

   

2021...

     
02/19/21
01/22/21
02/12/21
01/15/21
02/05/21
01/08/21
01/29/21
01/01/21

  

     

2020...

     
  
11/27/20
10/30/20
10/02/20
09/04/20
08/07/20
07/10/20
06/12/20
05/15/20
04/17/20
03/20/20
02/21/20
01/24/20
12/18/20
11/20/20
10/23/20
09/25/20
08/28/20
07/31/20
07/03/20
06/05/20
05/08/20
04/10/20
03/13/20
02/14/20
01/17/20
12/11/20
11/13/20
10/16/20
09/18/20
08/21/20
07/24/20
06/26/20
05/29/20
05/01/20
04/03/20
03/06/20
02/07/20
01/10/20
12/04/20
11/06/20
10/09/20
09/11/20
08/14/20
07/17/20
06/19/20
05/22/20
04/24/20
03/27/20
02/28/20
01/31/20
01/03/20

  

     

2019...

     
12/27/19
11/29/19
11/01/19
10/04/19
09/06/19
08/09/19
07/12/19
06/14/19
05/17/19
04/19/19
03/22/19
02/22/19
01/25/19
12/20/19
11/22/19
10/25/19
09/27/19
08/30/19
08/02/19
07/05/19
06/07/19
05/10/19
04/12/19
03/15/19
02/15/19
01/18/19
12/13/19
11/15/19
10/18/19
09/20/19
08/23/19
07/26/19
06/28/19
 05/31/19
05/03/19
04/05/19
03/08/19
02/08/19
01/11/19
12/06/19
11/08/19
10/11/19
09/13/19
08/16/19
07/19/19
06/21/19
05/24/19
04/26/19
03/29/19
03/01/19
02/01/19
01/04/19

  

     

2018...

     
12/28/18
11/30/18
11/02/18
10/05/18
09/07/18
08/10/18
07/13/18
06/15/18
12/21/18
11/23/18
10/26/18
09/28/18
08/31/18
08/03/18
07/06/18
06/08/18
12/14/18
11/16/18
10/19/18
09/21/18
08/24/18
07/27/18
06/29/18
06/01/18
12/07/18
11/09/18
10/12/18
09/14/18
08/17/18
07/20/18
06/22/18
05/25/18