Weekly Market Summary... July 15, 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 trade was steady to 2.00 lower with feeder cattle and stocker calves higher. Live Cattle & Feeder Cattle futures were higher while dressed beef cutouts were mixed and corn lower. Cattle markets were higher early in the week but prices and sentiment turned bearish by week’s end.
   

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: -0.95%

Change from 10 Days Ago: +3.02%

   

 60-Day Index Trendline

Change from 60 Days Ago: +11.62%​

Change from 60 Day High: -1.55%​

 

Slaughter Cattle: Trade in the South was steady at 137.00 with Northern dressed trade 2.00 lower at 230.00. In the 3 front months, Live Cattle futures closed from 0.35 to 0.97 higher. USDA’s most recent carcass weight data showed weights averaged 883 lbs., unchanged from last week and 1 lb. below last year.
Feeder Cattle: The national average price for feeder steers @ 172.88, 2.48 higher with trade 2.00 lower to 5.00 higher. In the 3 front months, Feeder Cattle futures closed from 4.63 to 4.95 higher.
Stocker Calves: The national average price for stocker steers @ 195.33, 1.72 higher with trade 2.00 lower to 6.00 higher.
CME Feeder Cattle Index: 172.62, 4.23 higher than last week.
Boxed Beef Cutouts: Choice cutout 1.02 higher at 268.91 and the Select cutout 0.06 lower at 241.79. The Choice/Select spread at 27.12, 1.08 higher. 
Cutter Cow Cutout: 2.88 lower at 217.97.
Slaughter Cows: Trade 3.00 to 9.00 lower.
Total red meat production under Federal inspection for the week ending Saturday, July 16, 2022 was estimated at 1031.4 million lbs. according to the USDA’s Marketing Service. This was 13.9 percent higher than a week ago and 1.8 percent higher than a year ago.  Cumulative meat production for the year to date was 1.1 percent lower compared to the previous year.
Grain: Corn was 0.20 lower @ 7.39 with September futures @ 6.0425, 0.2900 lower. Wheat 1.08 lower @ 7.93 and the futures @ 7.7676, down 1.1474.

 


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Archive:

     

2022...

     
  
06/17/22
05/20/22
04/22/22
03/25/22
02/25/22
01/28/22
07/08/22
06/10/22
05/13/22
04/15/22
03/18/22
02/18/22
01/21/22
07/01/22
06/03/22
05/06/22
04/08/22
03/11/22
02/11/22
01/14/22
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