Weekly Market Summary... October 15, 2021

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

View Complete Summary • • Subscribe to receive via e-mail


For the week, cash cattle were steady to 1.00 higher while cattle futures were mixed. The beef cutouts and corn were all moderately 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: -0.40%

Change from 10 Days Ago: +1.97%

   

 60-Day Index Trendline

Change from 60 Days Ago: -7.37%​

Change from 60 Day High:   -10.61%​

 

Slaughter Cattle: In the South, cattle traded at 124.00 with Northern dressed trade at mostly 196.00, both steady. In the 3 front months, Live Cattle futures closed from 0.40 to 0.72 higher. USDA’s most recent carcass weight data showed weights were 2 lbs. heavier than last week at 916 lbs. and 8 lbs. less than a year ago.

Feeder Cattle: National average price for feeder steers @ 150.28, 1.28 higher with trade 3.00 higher to 1.00 lower. In the 3 front months, Feeder Cattle futures closed from 0.40 higher to 1.90 lower in the front month.

Stocker Calves: National average price for stocker steers @ 163.86, 0.66 higher with trade 4.00 higher to 1.00 lower.

CME Feeder Cattle Index: 153.35, 0.1.22 lower than last Friday. 

Boxed Beef Cutouts: Choice cutout 3.03 lower at 280.24 and the Select cutout 2.11 lower at 260.62. The Choice/Select spread at 19.62, 0.91 lower than last week. 

Cutter Cow Cutout: 1.97 lower at 231.69.

Slaughter Cows: Trade mostly steady to 3.00 lower.

Total red meat production under Federal inspection for the week ending Saturday, October 16, 2021 was estimated at 1094.9 million lbs. according to the U.S. Department of Agriculture's Marketing Service. This was 0.1 percent higher than a week ago and 3.8 percent lower than a year ago.  Cumulative meat production for the year to date was 0.3 percent higher compared to the previous year.

Grain: For the week, corn 0.07 lower @ 5.25 with December futures @ 5.2575, down 0.0475. Wheat 0.06 higher @ 7.11 and the futures @ 7.3400, unchanged.

 

View Complete Summary • • Printable Version
     
  • Subscribe to receive via e-mail Saturday mornings around 7:30 AM

Weekly Market Summary Archive:

   

2021...

     
  
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
  
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
  
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
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