Weekly Market Summary... July 3, 2020
An in depth look at the week’s prices, trends, and news for the cattle/beef complex.
For the week, light trade with cattle mostly steady, cattle futures 2.00 to 3.00 higher, and grain sharply higher.
Cattle/Beef Indexes for the week ending July 3rd
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: +1.01%
Change from 10 Days Ago: -0.68%
Change from 60 Days Ago: -5.81%
10-Day Index Trendline
60-Day Index Trendline
Slaughter Cattle: In the South, trade ranged from 94.00 to 95.00 with bulk of trade at 95.00, 1.00 lower than last week. Northern dressed trade ranged from 152.00 to 155.00 with bulk of trade at 155.00, about steady with last week. In the 3 front months, Live Cattle futures closed 2.70 to 3.20 higher than last week.
Feeder Cattle: National average price for feeder steers @ 135.53, 1.48 higher than last week with trade 3 higher to 2 lower. In the 3 front months, Feeder Cattle futures closed 1.98 to 2.27 higher for the week.
Stocker Calves: National average price for stocker steers @ 152.56, 0.42 lower than last week with light trade 2.00 higher to 3 lower.
Feeder & stocker cattle marketings, compared to a year ago, are down 9.8% or 712,000 head less compared to 750,100 head less last week.
CME Feeder Cattle Index: 129.05, 0.99 lower than last Friday.
Boxed Beef Cutouts: Choice cutout 1.73 lower at 205.44 and the Select cutout 0.09 lower at 198.76. The Choice/Select spread is 6.68, 1.64 lower than last week.
Cutter Cow Cutout: 5.49 lower at 193.94.
Slaughter Cows: Mixed trade from 2.00 higher to 2.00 lower.
Total red meat production: Report unavailable
Grain: For the week, Kansas City corn 0.22 higher @ 3.47 with the futures @ 3.4350, up 0.24. Cash wheat 0.29 higher @ 4.96 and the futures @ 4.9200, up 0.16.
Weekly Market Summary Archive: