TCR's Weekly Market Summary...
An in depth look at the week’s prices, trends, and news for the cattle/beef complex.
Early week market gains eroded with the realization of increased beef production and the likelihood of a steep recession in the 2nd Quarter.
Cattle/Beef Indexes for the week ending March 27th
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: +9.39% compared to -3.86% last Friday
60-Day Index: -10.10% compared to -15.75% last Friday
10-Day Index Trendline
60-Day Index Trendline
Slaughter Cattle: In the South, trade at 120.00, 8.00 higher than last week. In the North, trade at 190.00 on a dressed basis, 15.00 higher than last week. In the 3 front months, Live Cattle futures closed from 2.30 higher to 0.30 lower for the week.
Feeder Cattle: National average price @ 133.83, 7.42 higher than last week with trade 3.00 to 13.00 higher. In the 3 front months, Feeder Cattle futures closed 1.78 to 3.30 higher for the week.
Stocker Calves: National average price @ 161.83, 4.97 higher than last week with trade 4.00 to 16.00 higher.
CME Feeder Cattle Index: 130.44, 9.06 higher than last Friday.
Boxed Beef Cutouts: Choice cutout 0.91 lower at 252.84 and the Select cutout 2.21 higher at 242.38. The Choice/Select spread is 10.46, 3.12 lower than last week.
Cutter Cow Cutout: 4.18 higher at 186.61.
Slaughter Cows: Trade 3.00 higher to 8.00 higher.
Total red meat production under Federal inspection for the week ending Saturday, March 28, 2020 was estimated at 1157.4 million lbs. This was 1.0 percent higher than a week ago and 10.9 percent higher than a year ago. Cumulative meat production for the year to date was 5.1 percent higher compared to the previous year.
Grain: For the week, Kansas City corn 0.06 lower @ 3.44 with the futures @ 3.4600. Cash wheat 0.23 higher @ 5.55 and the futures @ 5.7125.
Weekly Market Summary Archive: