Slaughter Cattle: Trade in the South was steady at 138.00 and Northern dressed trade 1 lower at 220.00. In the 3 front months, Live Cattle futures closed from 1.50 to 2.77 lower. USDA’s most recent carcass weight data showed weights were 1 lb. heavier than last week at 925 lbs., 12 lbs. heavier than a year ago.
Feeder Cattle: Compared to December 17th, the national average price for feeder steers @ 159.04, 1.00 higher with trade 1.00 lower to 3.00 higher. In the 3 front months, Feeder Cattle futures closed from 1.88 to 4.77 lower.
Stocker Calves: Compared to December 17th, the national average price for stocker steers @ 181.85, 5.08 higher with trade steady to 8.00 higher.
CME Feeder Cattle Index: 161.79, 3.42 lower than last week.
Boxed Beef Cutouts: Choice cutout 6.56 higher at 271.82 and the Select cutout 2.87 higher at 261.10. The Choice/Select spread at 10.72 was 3.69 higher.
Cutter Cow Cutout: 2.56 higher at 228.88
Slaughter Cows: Trade steady to 2.00 higher.
Total red meat production under Federal inspection for the week ending Saturday, January 08, 2022 was estimated at 1082.6 million lbs. according to the USDA's Marketing Service. This was 16.7 percent higher than a week ago and 8.3 percent lower than a year ago. Cumulative meat production for the year to date was 17.2 percent lower compared to the previous year.
Grain: Corn was 0.19 higher @ 6.02 with March futures @ 6.0675, 0.1350 higher. Wheat 0.27 lower @ 7.45 and the futures @ 7.5850, down 0.1225.