Cash traded fed cattle were mixed this week. The five-area fed steer price for the week of July 21-July 28 averaged $118.00 for live sales, and $184.09 for dressed; respectively, up $3.35 and down $0.74. Total volume sold was down 14,000 head from a week ago and up 49,000 head from last year.
Feeder steer cattle and calves were mixed across the U.S. this week. Oklahoma City 500-550 pound steers were $3.00 lower while heavier 750-800 pound steers were steady to $1.00 higher. Mississippi pasture conditions were steady this week with 53% rated good or excellent, unchanged from a week ago. In Mississippi auctions, lighter weight feeders weighing 450-500 pounds were averaging $135.00, up $3.50 from a week ago, while heavy steers were averaging $118.00, up $3.00 from last week.
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Live cattle futures and feeder futures were higher this week. August live cattle were up $3.23 on the week and $32.50 lower than a year ago at $113.20, while December live cattle were up $3.05 from last week and down $35.15 from a year ago. Feeder cattle were higher this week with August futures up $3.27 from last Friday and down $70.53 from a year ago at $140.20 while October futures are up $3.00 on the week. Nearby corn futures are down $0.03 from a week ago at $3.33 while December futures are also down $0.01.
Wholesale boxed beef prices are lower compared to a week ago. Choice boxes averaged $198.79, down $2.60 from a week ago and $33.94 lower than a year ago. Select boxes ended the week with an average of $189.92, down $0.85 from last week. The choice-select spread narrowed from $10.62 a week ago to $8.87 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.