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 November 8th:
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: +5.06% compared to +5.82% last Friday
60-Day Index: +15.02% compared to +12.26% last Friday
10-Day Index & Trendline
60-Day Index & Trendline
Slaughter Cattle: In the South, trade at 115.00, 3.00 higher last week. In the North, trade averaged 182.00 on a dressed basis, 2.00 higher than last week. In the 3 front months, Live Cattle futures closed from 0.27 lower to 0.80 higher for the week.
Feeder Cattle: National average price @ 143.89, 1.13 higher than last week with trade ranging from 1.00 lower to 4.00 higher. In the 3 front months, Feeder Cattle futures closed from 0.38 higher to 2.12 lower for the week.
Stocker Calves: National average price @ 153.89, 1.68 higher than last week with trade steady to 5.00 higher.
CME Feeder Cattle Index: Closed at 145.85, 0.14 lower for the week.
Boxed Beef Cutouts: Choice cutout 5.92 higher at 239.12 and the Select cutout 5.75 higher at 213.26. The Choice/Select spread is 25.86, 0.17 higher than last week.
The choice cutout has gained over 27.00 since the early September lows following the Tyson Plant fire and are now the highest since October & November of 2014.
Cutter Cow Cutout: 0.27 lower at 182.49.
Slaughter Cows: Slaughter cows traded steady to $2 higher. Current slaughter levels are the highest since mid 2013 and are on track to be the highest since that year for the full year.
Total Red Meat Production: 1110.2 million lbs. according to the U.S. Department of Agriculture's Marketing Service. This was 0.2 percent higher than a week ago and 1.7 percent higher than a year ago. Cumulative meat production for the year to date was 2.2 percent higher compared to last year.
Grain: Kansas City corn closed 0.06 lower with the futures 0.12 lower for the week. Cash wheat 0.06 lower and the futures 0.06 lower.
Weekly Market Summary Archive: