Weekly Summary Cattle Range

Weekly Market Summary... June 28, 2024

A look at the week’s prices, trends, and news for the cattle/beef complex.

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Compared to last week, fed cattle trade in the Southern and Northern Plains was steady. Feeder cattle were higher while stocker calves were lower. Live cattle futures were higher with feeder cattle futures mostly lower. The choice dressed beef cutout was higher with corn lower.

Cattle/Beef Market-Strength 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.

10-Day Index Trendline

Change from Previous Day: -0.68%

Change from 10 Days Ago: +6.49%

60-Day Index Trendline

Change from 60 Days Ago: +28.48%

Change from 60 Day High: -0.68%

Fed Cattle: Trade in the Southern Plains and Northern Plains was steady at 190.00 and 198.50 respectively. In the 3 front months, Live Cattle futures closed the week from 1.25 to 5.90 higher. USDA’s steer carcass weight data showed weights averaged 917 lbs. this week, compared to 918 lbs. last week and 883 lbs. last year.

S: This Week: 190.00 / Month Ago: 186.00 / Year Ago: 180.00 / 5 Year Avg: 138.09
N: This Week: 198.50 / Month Ago: 190.00 / Year Ago: 183.00 / 5 Year Avg: 140.85

Feeder Steers: The national average price for feeder steers was 264.80, 1.83 higher with trade mostly 2.00 lower to 5.00 higher. In the 3 front months, Feeder Cattle futures closed the week from 0.62 lower to 0.93 higher.

This Week: 264.80 / Month Ago: 263.63 / Year Ago: 232.92 / 5 Year Avg: 173.02

Stocker Steers: The national average price for stocker steers was 320.34, 0.92 lower with trade 3.00 lower to 3.00 higher.

This Week: 320.34 / Month Ago: 322.01 / Year Ago: 267.25 / 5 Year Avg: 201.42

CME Feeder Cattle Index: 258.60, 1.13 higher than last Friday.

This Week: 258.60 / Month Ago: 248.24 / Year Ago: 232.75 / 5 Year Avg: 171.20

Boxed Beef Cutout: The Choice cutout was 3.93 higher at 326.32 and the Select cutout 1.39 higher at 304.50. The Choice/Select spread is at 21.82, 2.54 wider.

This Week: 326.32 / Month Ago: 313.20 / Year Ago: 327.72 / 5 Year Avg: 268.11

Cutter Cow Cutout: 9.09 higher at 294.86.

Slaughter Cows: Trade mostly 1.00 lower to 5.00 higher.

Total red meat production under Federal inspection for the week ending Saturday, June 29th was estimated at 1040.2 million lbs. according to the USDA Marketing Service. This was 1.0 percent lower than a week ago and 2.4 percent higher than a year ago. Cumulative meat production for the year to date was 0.2 percent lower compared to the previous year.

Corn: Omaha Corn was 0.21 lower at 4.25 with September futures at 4.0750, 0.3300 lower.

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The summary contains 40+ pages of market data, charts, auction results, etc., with a convenient index at the top from which you can ‘click’ on content of interest and not have to scroll through all of the pages.

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Archive:
2024
06/14/24 05/17/24 04/19/24 03/22/24 02/23/24 01/26/24	06/07/24 05/10/24 04/12/24 03/15/24 02/16/24 01/19/24	05/31/24 05/03/24 04/05/24 03/08/24 02/09/24 01/12/24	06/21/24 05/24/24 04/26/24 03/29/24 03/01/24 02/02/24 01/05/24

2023
12/01/23 11/03/23 10/06/23 09/08/23 08/11/23 07/14/23 06/16/23 05/19/23 04/21/23 03/24/23 02/24/23 01/27/23	12/22/23 11/24/23 10/27/23 09/29/23 09/01/23 08/04/23 07/07/23 06/09/23 05/12/23 04/14/23 03/17/23 02/17/23 01/20/23	12/15/23 11/17/23 10/20/23 09/22/23 08/25/23 07/28/23 06/30/23 06/02/23 05/05/23 04/07/23 03/10/23 02/10/23 01/13/23	12/08/23 11/10/23 10/13/23 09/15/23 08/18/23 07/21/23 06/23/23 05/26/23 04/28/23 03/31/23 03/03/23 02/03/23 01/06/23
2022
12/30/22 12/02/22 11/04/22 10/07/22 09/09/22 08/12/22 07/15/22 06/17/22 05/20/22 04/22/22 03/25/22 02/25/22 01/28/22	12/23/22 11/25/22 10/28/22 09/30/22 09/02/22 08/05/22 07/08/22 06/10/22 05/13/22 04/15/22 03/18/22 02/18/22 01/21/22	12/16/22 11/18/22 10/21/22 09/23/22 08/26/22 07/29/22 07/01/22 06/03/22 05/06/22 04/08/22 03/11/22 02/11/22 01/14/22	12/09/22 11/11/22 10/14/22 09/16/22 08/19/22 07/22/22 06/24/22 05/27/22 04/29/22 04/01/22 03/04/22 02/04/22 01/07/22
2021
12/31/21 11/26/21 10/29/21 10/01/21 09/03/21 08/06/21 07/09/21 06/11/21 05/14/21 04/16/21 03/19/21 02/19/21 01/22/21	12/17/21 11/19/21 10/22/21 09/24/21 08/27/21 07/30/21 07/02/21 06/04/21 05/07/21 04/09/21 03/12/21 02/12/21 01/15/21	12/10/21 11/12/21 10/15/21 09/17/21 08/20/21 07/23/21 06/25/21 05/28/21 04/30/21 04/02/21 03/05/21 02/05/21 01/08/21	12/03/21 11/05/21 10/08/21 09/10/21 08/13/21 07/16/21 06/18/21 05/21/21 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

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