TCR's Weekly Market Summary...
An in depth look at the week’s prices, trends, and news for the cattle/beef complex.
Cattle/Beef Indexes for the week ending January 17th:
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: +0.49% compared to +3.56% last Friday
60-Day Index: +0.37% compared to +0.95% last Friday
10-Day Index Trendline
60-Day Index Trendline
Slaughter Cattle: In the South, moderate trade at 124.00, 1.00 lower than last week. In the North, trade at 199.00 on a dressed basis, also 1.00 lower than last week. In the 3 front months, Live Cattle futures closed from 0.57 to 1.07 lower for the week.
Feeder Cattle: National average price @ 145.05, 1.11 higher than last week with trade 2.00 lower to 3.00 higher. In the 3 front months, Feeder Cattle futures closed from 2.18 to 2.45 lower for the week.
Stocker Calves: National average price @ 170.82, 3.90 higher than last week with trade 1.00 to 7.00 higher.
CME Feeder Cattle Index: 145.74, 1.09 lower for the week.
Boxed Beef Cutouts: Choice cutout 4.13 higher at 212.75 and the Select cutout 6.20 higher at 212.75. The Choice/Select spread is 1.42, 2.07 lower than last week.
Cutter Cow Cutout: 0.37 higher at 185.57.
Slaughter Cows: Trade mostly from 1.00 lower to 2.00 higher.
Total Red Meat Production under Federal inspection for the week for the week ending Saturday, January 18, 2020 was estimated at 1078 million lbs. according to the U.S. Department of Agriculture's Marketing Service. This was 2.8 percent lower than a week ago and 2.7 percent higher than a year ago. Cumulative meat production for the year to date was 4.7 percent lower compared to the previous year.
Grain: For the week, Kansas City corn 0.06 higher @ 3.99 with the futures @ 3.8925. Cash wheat 0.06 higher @ 5.63 and the futures @ 5.7050.
Weekly Market Summary Archive: