Cattle Market Notes: Week Ending April 8, 2016

Cash Cattle:

Cash traded fed cattle were mixed this week. The five-area fed steer price for the week of March 31-April 7 averaged $133.82 for live sales, and $214.47 for dressed; respectively, up $0.70 and down $0.37. Total volume sold was down 7,000 head from a week ago and up 33,000 head from last year.

Feeder steer cattle and calves were also mixed across the U.S. this week. Oklahoma City feeder cattle were $3.00 to $4.00 lower for lightweights and $1.00 to $2.00 higher for heavier cattle. In Mississippi auctions, lighter weight feeders weighing 450-500 pounds were unchanged from a week ago, averaging $190.00, while heavy steers were averaging $137.50, down $3.50 from last week.

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Live cattle futures and feeder futures were mixed this week. April live cattle were up $1.50 on the week and $24.30 lower than a year ago at $134.50, while August live cattle were unchanged from last week and down $26.65 from a year ago. Feeder cattle were also mixed this week with April futures up $0.15 from last Friday and down $56.33 from a year ago at $155.90 while August futures are down $0.88 on the week. Nearby corn futures are up $0.08 from a week ago at $3.61 while September futures are up $0.06.


Wholesale boxed beef prices are down compared to a week ago. Choice boxes averaged $216.21, down $6.25 from a week ago and $41.29 lower than a year ago. Select boxes ended the week with an average of $206.78, down $6.13 from last week. The choice-select spread narrowed slightly from $9.55 a week ago to $9.43 this week.

Note: all cattle and beef prices are quoted in dollars per hundredweight and corn prices are quoted in dollars per bushel, unless stated otherwise.

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