TCR's Weekly Market Summary...
An in depth look at the week’s prices, trends, and news for the cattle/beef complex.
Cattle/Beef Indexes for the week ending January 24th:
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: -1.80% compared to +0.49% last Friday
60-Day Index: -0.83% compared to +0.37% last Friday
10-Day Index Trendline
60-Day Index Trendline
Slaughter Cattle: In the South, moderate trade at 124.00, steady with last week. In the North, trade at 199.00 on a dressed basis, also steady with last week. In the 3 front months, Live Cattle futures closed from 1.50 to 3.18 lower for the week.
Feeder Cattle: National average price @ 144.55, 0.50 lower than last week with trade 3.00 lower to 2.00 higher. In the 3 front months, Feeder Cattle futures closed from 3.50 to 5.37 lower for the week.
Stocker Calves: National average price @ 172.34, 1.52 higher than last week with trade steady to 4.00 higher.
CME Feeder Cattle Index: 144.84, 0.90 lower for the week.
Boxed Beef Cutouts: Choice cutout 0.32 higher at 214.49 and the Select cutout 2.05 lower at 210.70. The Choice/Select spread is 3.79, 2.37 higher than last week.
Weekly beef bookings were the largest since the week ending April 11, 2019. Beef shipments were at 17,926 MT, 49.23% higher than the same week last year.
Cutter Cow Cutout: 1.38 higher at 186.95.
Slaughter Cows: Trade mostly from 1.00 to 4.00 higher.
Total Red Meat Production under Federal inspection for the week for the week ending Saturday, January 25, 2020 was estimated at 1125 million lbs. according to the U.S.Department of Agriculture's Marketing Service. This was 5.9 percent higher than a week ago and 8.6 percent higher than a year ago. Cumulative meat production for the year to date was 1.3 percent lower compared to the previous year.
Grain: For the week, Kansas City corn 0.03 lower @ 3.96 with the futures @ 3.8725. Cash wheat 0.03 higher @ 5.66 and the futures @ 5.7350.
Weekly Market Summary Archive: