Weekly Market Summary... July 16, 2021

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 mostly steady with feeder cattle higher. Stocker calves were steady to lower. Live Cattle Futures higher and Feeder Cattle Futures lower.  Boxed beef cutout values had another down week while grain traded higher.
   

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: +0.85%

Change from 10 Days Ago: -1.13%

   

 60-Day Index Trendline

Change from 60 Days Ago: +2.02%​

Change from 60 Day High:   -3.47%​

 

Slaughter Cattle: In the South, cattle traded at 117.00 to mostly 120.00, steady with last week.  Northern dressed trade at 196.00 to 201.00, steady to 1.00 higher.  In the 3 front months, Live Cattle futures closed from 0.42 to 0.95 higher. USDA steer carcass weights were 2 lbs. heavier than last week at 885 lbs. and 12 lbs. lighter than a year ago.
Feeder Cattle: National average price for feeder steers @ 150.73, 2.92 higher with trade 5.00 higher to 1 lower. In the 3 front months, Feeder Cattle futures closed from 3.23 to 3.55 lower.
Stocker Calves: National average price for stocker steers @ 170.36, 0.18 lower with trade 4.00 higher to 2.00 lower.
CME Feeder Cattle Index: 151.39, 0.16 lower than last Friday. 
Boxed Beef Cutouts: Choice cutout 10.65 lower at 267.94 and the Select cutout 5.62 lower at 251.79.  The Choice/Select spread at 16.15, 5.03 lower than last week.
Cutter Cow Cutout: 2.20 higher at 232.44.
Slaughter Cows: Trade steady to 3.00 higher.
Total red meat production under Federal inspection for the week ending Saturday, July 17, 2021 was estimated at 1013.1 million lbs. according to the U.S. Department of Agriculture's Marketing Service. This was 15.5 percent higher than a week ago and 5.5 percent lower than a year ago.  Cumulative meat production for the year to date was 2.4 percent higher compared to the previous year.
Grain: For the week, Kansas City corn 0.21 higher @ 6.43 with September futures @ 5.5600, up 0.2650. Wheat 0.58 higher @ 6.28 and the futures @ 6.9250, up 0.7750.
  
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Weekly Market Summary Archive:

   

2021...

     
07/09/21
06/11/21 
05/14/21
04/16/21
03/19/21
02/19/21
01/22/21
07/02/21
06/04/21
05/07/21
04/09/21
03/12/21
02/12/21
01/15/21
06/25/21
05/28/21
04/30/21
04/02/21
03/05/21
02/05/21
01/08/21
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