Weekly Market Summary... May 7, 2021

A look at the week’s prices, trends, and news for the cattle/beef complex.
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Compared to last week, grains and boxed beef cutouts continued their upward surge with packer processing margins estimated at $800 per head while cattle, pressured by limited slaughter capacity, increasing feed costs and drought, were lower.
   

Cattle/Beef Complex 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: -0.20%

Change from 10 Days Ago: -3.60%

Change from 60 Days Ago: -4.65%​

  
 10-Day Index Trendline
 60-Day Index Trendline
   
Slaughter Cattle: In the South, cattle traded at 117.50 to 119.00, about 1.00 lower with Northern dressed trade at 188.00 to 190.00, 2.00 lower. In the 3 front months, Live Cattle futures closed from 0.55 higher to 0.55 lower.
Feeder Cattle: National average price for feeder steers @ 136.28, 2.49 lower with trade steady to 5.00 lower. In the 3 front months, Feeder Cattle futures closed from 1.88 to 3.22 lower.
Stocker Calves: National average price for stocker steers @ 162.21, 3.81 lower with trade up to 5.00 lower.
CME Feeder Cattle Index: 130.83, 3.33 lower than last Friday.
Boxed Beef Cutouts: Choice cutout 9.38 higher at 305.88 and the Select cutout 7.22 higher at 290.27.  The Choice/Select spread is 15.61, 2.16 higher than last week.
Cutter Cow Cutout: 5.34 higher at 203.23.
Slaughter Cows: Trade 2.00 lower to 1.00 higher
Total red meat production under Federal inspection for the week ending Saturday, May 08, 2021 was estimated at 1053.5 million lbs. according to the U.S. Department of Agriculture's Marketing Service. This was 1.9 percent lower than a week ago and 33.6 percent higher than a year ago.  Cumulative meat production for the year to date was 4.2 percent higher compared to the previous year.
Grain: For the week, Kansas City corn 0.59 higher @ 7.54 with the futures @ 7.7250, up 0.3250. Wheat 0.33 higher @ 7.12 and the futures @ 7.7350, up 0.3100.
  
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Weekly Market Summary Archive:

   

2021...

     
  
04/16/21
03/19/21
02/19/21
01/22/21
  
04/09/21
03/12/21
02/12/21
01/15/21
04/30/21
04/02/21
03/05/21
02/05/21
01/08/21
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

  

     

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