Weekly Summary Cattle Range

Weekly Market Summary... May 3, 2024

A look at the week’s prices, trends, and news for the cattle/beef complex.

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For the week, fed cattle, feeder cattle and stocker calves were all higher. Live cattle futures and feeder cattle futures were lower. Dressed beef cutouts were lower with corn higher.

Cattle/Beef Market Velocity Trendlines +/-

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: +1.33%

Change from 10 Days Ago: +0.67%

60-Day Index Trendline

Change from 60 Days Ago: -12.15%

Change from 60 Day High: -17.24%

Fed Cattle: Trade in the Southern Plains and Northern Plains was 2.00 higher at 184.00 and 187.00 respectively. In the 3 front months, Live Cattle futures closed the week from 1.90 to 2.55 lower. USDA’s carcass weight data showed weights averaged 919 lbs. this week, compared to 922 lbs. last week and 902 lbs. last year.

S: This Week: 184.00 / Month Ago: 184.00 / Year Ago: 172.00 / 5 Year Avg: 135.98
N: This Week: 187.00 / Month Ago: 187.00 / Year Ago: 176.00 / 5 Year Avg: 138.42

Feeder Cattle: The national average price for feeder steers was 259.62, 2.95 higher with trade mostly 2.00 lower to 6.00 higher. In the 3 front months, Feeder Cattle futures closed the week from 5.10 to 5.80 lower.

This Week: 259.62 / Month Ago: 257.69 / Year Ago: 210.08 / 5 Year Avg: 169.45

Stocker Calves: The national average price for stocker steers was 320.40, 3.67 higher with trade steady to 6.00 higher.

This Week: 320.40 / Month Ago: 322.16 / Year Ago: 257.01 / 5 Year Avg: 196.68

CME Feeder Cattle Index: 242.39, 3.14 lower than last Friday.

This Week: 242.39 / Month Ago: 248.97 / Year Ago: 199.46 / 5 Year Avg: 167.72

Boxed Beef Cutouts: The Choice cutout was 2.94 lower at 294.20 and the Select cutout 1.07 lower at 287.65. The Choice/Select spread is at 6.55, 1.87 narrower.

This Week: 294.20 / Month Ago: 297.17 / Year Ago: 309.19 / 5 Year Avg: 265.43

Cutter Cow Cutout: 0.20 higher at 269.66.

Slaughter Cows: Trade mostly 2.00 higher to 4.00 lower.

Total red meat production under Federal inspection for the week ending Saturday, May 4th was estimated at 1046.9 million lbs. according to the USDA Marketing Service. This was 1.1 percent higher than a week ago and 0.6 percent higher than a year ago. Cumulative meat production for the year to date was 1.1 percent lower compared to the previous year.

Corn: Omaha Corn was 0.02 higher at 4.67 with July futures at 4.6025, 0.1025 higher.

View Complete Summary...

The summary contains 40+ pages of market data, charts, auction results, etc., with a convenient index at the top from which you can ‘click’ on content of interest and not have to scroll through all of the pages.

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Archive:
2024
04/19/24 03/22/24 02/23/24 01/26/24	04/12/24 03/15/24 02/16/24 01/19/24	04/05/24 03/08/24 02/09/24 01/12/24	04/26/24 03/29/24 03/01/24 02/02/24 01/05/24

2023
12/01/23 11/03/23 10/06/23 09/08/23 08/11/23 07/14/23 06/16/23 05/19/23 04/21/23 03/24/23 02/24/23 01/27/23	12/22/23 11/24/23 10/27/23 09/29/23 09/01/23 08/04/23 07/07/23 06/09/23 05/12/23 04/14/23 03/17/23 02/17/23 01/20/23	12/15/23 11/17/23 10/20/23 09/22/23 08/25/23 07/28/23 06/30/23 06/02/23 05/05/23 04/07/23 03/10/23 02/10/23 01/13/23	12/08/23 11/10/23 10/13/23 09/15/23 08/18/23 07/21/23 06/23/23 05/26/23 04/28/23 03/31/23 03/03/23 02/03/23 01/06/23
2022
12/30/22 12/02/22 11/04/22 10/07/22 09/09/22 08/12/22 07/15/22 06/17/22 05/20/22 04/22/22 03/25/22 02/25/22 01/28/22	12/23/22 11/25/22 10/28/22 09/30/22 09/02/22 08/05/22 07/08/22 06/10/22 05/13/22 04/15/22 03/18/22 02/18/22 01/21/22	12/16/22 11/18/22 10/21/22 09/23/22 08/26/22 07/29/22 07/01/22 06/03/22 05/06/22 04/08/22 03/11/22 02/11/22 01/14/22	12/09/22 11/11/22 10/14/22 09/16/22 08/19/22 07/22/22 06/24/22 05/27/22 04/29/22 04/01/22 03/04/22 02/04/22 01/07/22
2021
12/31/21 11/26/21 10/29/21 10/01/21 09/03/21 08/06/21 07/09/21 06/11/21 05/14/21 04/16/21 03/19/21 02/19/21 01/22/21	12/17/21 11/19/21 10/22/21 09/24/21 08/27/21 07/30/21 07/02/21 06/04/21 05/07/21 04/09/21 03/12/21 02/12/21 01/15/21	12/10/21 11/12/21 10/15/21 09/17/21 08/20/21 07/23/21 06/25/21 05/28/21 04/30/21 04/02/21 03/05/21 02/05/21 01/08/21	12/03/21 11/05/21 10/08/21 09/10/21 08/13/21 07/16/21 06/18/21 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

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