TCR's Weekly Market Summary...
An in depth look at the week’s prices, trends, and news for the cattle/beef complex.
For the week ending May 17th:
Compared to last Friday, TCR's 10-Day Cattle/Beef Index closed 3.18% lower.
Slaughter Cattle: In the South, cattle traded at mostly $117.00, $3.00 lower than last week. In the North, cattle averaged $186.00 on a dressed basis, $7 lower. In the 3 front months, Live Cattle closed from 0.02 higher to 1.18 lower for the week.
Feeder & Stocker Cattle: For the week on a national basis, cash prices for feeder steers were about $1.75 per cwt. lower and stocker steers $2.30 per cwt. lower. The front months of Feeder Cattle futures closed from 1.07 to 3.10 lower.
CME Feeder Cattle Index: Closed at $132.76, $2.77 lower for the week.
Boxed Beef Cutouts: Choice cutout $0.80 lower at $220.31 and the Select cutout $0.82 higher at $208.28.
Cutter Cow Cutout: $0.17 higher at $171.75.
Slaughter Cows & Bulls: Slaughter cows steady to 5.00 higher. Slaughter bulls sold 1.00-4.00 higher. Packer demand moderate to good.
Grain: Kansas City corn was 0.27 higher with the futures 0.32 higher for the week. Cash wheat and the futures were both 0.40 higher.
Weekly Market Summary Archive: