Weekly Market Summary... December 2, 2022

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

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For the week, slaughter cattle traded steady in the South and 4.00 higher in the North. Both Live Cattle futures and Feeder Cattle Futures were higher. Dressed beef cutouts 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.

10-Day Index Trendline

Change from Previous Day: +0.83%

Change from 10 Days Ago: +2.44%

   

 60-Day Index Trendline

Change from 60 Days Ago: +8.53%​

Change from 60 Day High:   0.00%​

 

Slaughter Cattle: Trade in the South steady at 155.00 with Northern dressed trade 4.00 higher at 249.00. In the 3 front months, Live Cattle futures closed from 0.28 to 0.75 higher. USDA’s most recent carcass weight data showed weights averaged 930 lbs., 1 lb. heavier than last week and 8 lbs. lighter than last year.
  • This Week: 155.00 / Month Ago: 150.00 / Year Ago: 142.00 / 5 Year Avg: 120.53
Feeder Cattle: The national average price for feeder steers @ 174.18, 1.69 higher with trade mostly 3.00 higher to 1.00 lower. In the 3 front months, Feeder Cattle futures closed from 3.50 to 4.15 higher.
  • This Week: 174.18 / Month Ago: 174.71 / Year Ago: 156.71 / 5 Year Avg: 146.87
Stocker Calves: The national average price for stocker steers @ 197.24, 3.43 higher with trade 3.00 to 5.00 higher.
  • This Week: 197.24 / Month Ago: 193.81 / Year Ago: 174.06 / 5 Year Avg: 168.68
CME Feeder Cattle Index: 179.03, 4.20 higher than last week.
  • This Week: 179.03 / Month Ago: 176.99 / Year Ago: 161.58 / 5 Year Avg: 146.71
Boxed Beef Cutouts: Choice cutout 1.90 lower at 249.93 and the Select cutout 9.81 higher at 224.26. The Choice/Select spread at 25.37, 7.91 higher.
  • This Week: 249.93 / Month Ago: 263.75 / Year Ago: 274.36 / 5 Year Avg: 241.99
Cutter Cow Cutout: 0.75 lower at 189.16
Slaughter Cows: Trade mostly 3.00 higher to 2.00 lower.
Total red meat production under Federal inspection for the week ending Saturday, December 03, 2022 was estimated at 1114.8 million lbs. according to the USDA’s Agriculture's Marketing Service. This was 14.3 percent higher than a week ago and 3.5 percent lower than a year ago.  Cumulative meat production for the year to date was 0.5 percent lower compared to the previous year.
Grain: Corn was 0.16 lower @ 7.06 with December futures @ 6.4625, 0.2500 lower. Wheat 0.33 lower at 8.24 and the futures @ 7.6100, down 0.3600.

 


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Archive:

     

2022...

     
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
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
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
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