Weekly Market Summary... August 7, 2020

An in depth look at the week’s prices, trends, and news for the cattle/beef complex.
View Complete Summary • • WMS Archive

For the week, all classes of cattle and dressed beef higher with Live & Feeder Cattle Futures lower as the basis narrows.

   

Cattle/Beef Indexes for the week ending August 7th

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: +0.28%

Change from 10 Days Ago: +3.65%

Change from 60 Days Ago: +5.04%​

  
 10-Day Index Trendline
 60-Day Index Trendline
   
Slaughter Cattle: In the South, bulk of trade at 100.00, 3.00 higher than last week.  Northern dressed trade at 163.00, 3.00 higher last week.  In the 3 front months, Live Cattle futures closed 0.02 to 1.48 lower than last week.
Feeder Cattle: National average price for feeder steers @ 140.16, 0.51 higher than last week with trade steady to 3.00 higher. In the 3 front months, Feeder Cattle futures closed 0.25 to 1.95 lower for the week.
Stocker Calves: National average price for stocker steers @ 156.49, 0.79 higher than last week with trade 2.00 lower to 4.00 higher.
Feeder & stocker cattle marketings, compared to a year ago, are down 7.9% or 712,800 head less compared to 762,300 head less last week.
CME Feeder Cattle Index: 141.92, 3.34 higher than last Friday.
Boxed Beef Cutouts: Choice cutout 2.21 higher at 205.47 and the Select cutout 2.86 higher at 192.75.  The Choice/Select spread is 12.72, 0.65 lower than last week.
Cutter Cow Cutout: 0.24 lower at 184.29.
Slaughter Cows: Mixed trade from 3.00 lower to 3.00 higher.
Total red meat production under Federal inspection for the week ending Saturday, August 08, 2020 was estimated at 1067 million lbs. This was 0.4 percent lower than a week ago and 4.9 percent higher than a year ago.  Cumulative meat production for the year to date was 0.3 percent lower compared to the previous year.
Grain: For the week, Kansas City corn 0.08 lower @ 3.08 with the futures @ 3.0775, down 0.0825. Cash wheat 0.36 lower @ 5.03 and the futures @ 4.9550, down 0.3575.
  
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Weekly Market Summary Archive:

   

2020...

     
  
07/10/20
06/12/20
05/15/20
04/17/20
03/20/20
02/21/20
01/24/20
07/31/20
07/03/20
06/05/20
05/08/20
04/10/20
03/13/20
02/14/20
01/17/20
07/24/20
06/26/20
05/29/20
05/01/20
04/03/20
03/06/20
02/07/20
01/10/20
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