Weekly Market Summary... January 14, 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 were 1.00 to 2.00 lower with feeder cattle slightly lower and stocker cattle slightly higher. Both Live Cattle and Feeder Cattle futures in the front 3 months were slightly higher to slightly lower with dressed beef cutouts sharply higher.  Corn was 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: -0.20%

Change from 10 Days Ago: -2.29%

   

 60-Day Index Trendline

Change from 60 Days Ago: +2.55%​

Change from 60 Day High: -2.64%​

 

Slaughter Cattle: Trade in the South was 1.00 lower at 137.00 and Northern dressed trade 2 lower at 218.00. In the 3 front months, Live Cattle futures closed from 0.65 higher to 0.93 lower. USDA’s most recent carcass weight data showed weights were 3 lbs. heavier than last week at 928 lbs., 8 lbs. heavier than a year ago.
Feeder Cattle: Compared to last week, the national average price for feeder steers @ 158.36, 0.67 lower with trade steady to 2.00 lower. In the 3 front months, Feeder Cattle futures closed 0.60 higher to 0.52 lower.
Stocker Calves: The national average price for stocker steers @ 182.30, 0.46 higher with trade 2.00 lower to 3.00 higher.
CME Feeder Cattle Index: 161.79, unchanged from last week.
Boxed Beef Cutouts: Choice cutout 12.46 higher at 284.31 and the Select cutout 12.87 higher at 273.97. The Choice/Select spread at 10.34 was 0.38 lower. 
Cutter Cow Cutout: 0.25 lower at 228.63
Slaughter Cows: Trade 2.00 lower to 3.00 higher.
Total red meat production under Federal inspection for the week ending Saturday, January 15, 2022 was estimated at 1047.3 million lbs. according to the USDA's Marketing Service. This was 3.1 percent lower than a week ago and 7.9 percent lower than a year ago.  Cumulative meat production for the year to date was 13.5 percent lower compared to the previous year.
Grain: Corn was 0.11 lower @ 5.91 with March futures @ 5.9625, 0.1050 lower. Wheat 0.30 lower @ 7.15 and the futures @ 7.4150, down 0.1700.

 

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Archive:

     

2022...

     
01/14/22
01/07/22
   

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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
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10/22/21
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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