Weekly Market Summary... June 11, 2021

A look at the week’s prices, trends, and news for the cattle/beef complex.
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For the week, cash cattle were mostly steady, cattle futures higher, and the boxed beef cutouts had their first weekly loss in 12 weeks, dating back to March 12th
   

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: +1.07%

Change from 10 Days Ago: +0.68%

   

 60-Day Index Trendline

Change from 60 Days Ago: -5.36%​

Change from 60 Day High: -5.36%​

   
Slaughter Cattle: In the South, cattle traded at 119.00 to 120.00 with most trade at 120.00, steady with last week.  Northern dressed trade at 190.00 to 193.00, mostly 191.00, also steady with last week. In the 3 front months, Live Cattle futures closed from 1.72 to 1.95 higher.
Feeder Cattle: National average price for feeder steers @ 140.11, 0.72 higher with trade 4.00 higher to 1.00 lower. In the 3 front months, Feeder Cattle futures closed from 0.52 to 1.25 higher.
Stocker Calves: National average price for stocker steers @ 163.92, 0.54 lower with trade 2.00 higher to 2.00 lower.
CME Feeder Cattle Index: 140.23, 2.73 higher than last Friday.
Boxed Beef Cutouts: Choice cutout 1.42 lower at 337.56 and the Select cutout 6.52 lower at 305.21.  The Choice/Select spread is a record 32.35, 5.10 higher than last week.
Cutter Cow Cutout: 2.55 higher at 222.13.
Slaughter Cows: Trade 1.00 to 3.00 higher
Total red meat production under Federal inspection for the week ending Saturday, June 12, 2021 was estimated at 1072.1 million lbs. according to the U.S. Department of Agriculture's Marketing Service. This was 23.2 percent higher than a week ago and 0.2 percent higher than a year ago.  Cumulative meat production for the year to date was 4.3 percent higher compared to the previous year.
Grain: For the week, Kansas City corn 0.03 lower @ 6.97 with the futures @ 6.8450, up 0.0175. Wheat 0.01 higher @ 6.23 and the futures @ 6.8075, down 0.0700.
  
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Weekly Market Summary Archive:

   

2021...

     
  
05/14/21
04/16/21
03/19/21
02/19/21
01/22/21
06/04/21
05/07/21
04/09/21
03/12/21
02/12/21
01/15/21
05/28/21
04/30/21
04/02/21
03/05/21
02/05/21
01/08/21
05/21/21
04/23/21
03/26/21
02/26/21
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