Weekly Market Summary... November 27, 2020

A look at the week’s prices, trends, and news for the cattle/beef complex.
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For a holiday week with limited trade, cash cattle, cattle futures, & dressed beef all registered gains. Cash grain & futures also closed higher.
   

Cattle/Beef 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.

Change from Previous Day: -0.68%

Change from 10 Days Ago: +2.52%

Change from 60 Days Ago: +3.47%​

  
 10-Day Index Trendline
 60-Day Index Trendline
   
Slaughter Cattle: In the South, trade at 111.00, 1.00 higher than last week, and Northern dressed trade at 174.00, 2.00 higher than last week.  In the 3 front months, Live Cattle futures closed 2.50 to 2.60 higher than last week.
Feeder Cattle: Reduced receipts due to Thanksgiving but several major Monday & Tuesday auctions reported price gains of 2.00 to 5.00+ per cwt. In the 3 front months, Feeder Cattle futures closed from 4.15 to 5.22 higher than last week.
Stocker Calves: Early week auctions reported price gains of 2.00 to 6.00+ per cwt.
Feeder & stocker cattle marketings, compared to a year ago, are down 7.73% or 1,068,200 head less compared to 1,132,800 head less last week.
CME Feeder Cattle Index: 136.90, 0.15 higher than last Friday.
Boxed Beef Cutouts: Choice cutout4.50 higher at 242.85 and the Select cutout 5.70 higher at 220.68.  The Choice/Select spread is 22.17, 1.20 lower than last week.
Cutter Cow Cutout: 1.06 higher at 168.33.
Total red meat production under Federal inspection for the week ending Saturday, November 28, 2020 was estimated at 989 million lbs. This was 14.1 percent lower than a week ago and 2.4 percent higher than a year ago.  Cumulative meat production for the year to date was 0.4 percent higher compared to the previous year.
Grain: For the week, Kansas City corn 0.03 higher @ 4.25 with the futures @ 4.3375, up 0.10.50. Cash wheat 0.12 higher @ 5.32 and the futures @ 6.0600, up 0.1275.
  
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Weekly Market Summary Archive:

   

2020...

     
  
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
11/13/20
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
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
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