Cash traded fed cattle were lower this week. The five-area fed steer price for the week of September 22 – September 29 averaged $103.36 for live sales, and $161.92 for dressed; respectively, down $3.27 and $5.98. Total volume sold was up 19,000 head from a week ago and up 40,000 head from last year.
Feeder steer cattle and calves were mostly lower across the U.S. this week. Oklahoma City 500-550 pound steers were down $11.00, averaging $138.39 while 750-800 pound steers were down $8.00 averaging $129.58. In Mississippi auctions, lighter weight feeders weighing 450-500 pounds were averaging $125.00, down $2.50 from a week ago, while heavy steers were averaging $103.00, down $7.00 from last week.
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Live cattle futures and feeder futures were lower this week. October live cattle were down $8.43 on the week and $21.20 lower than a year ago at $98.90, while December live cattle were down $6.75 from last week and down $31.38 from a year ago at $100.13. Feeder cattle were lower this week with October futures down $9.38 from last Friday and down $52.70 from a year ago at $123.00 while November futures are down $10.30 on the week at $119.43. December corn futures are up $0.01 from a week ago at $3.36 while March futures are up $0.01.
Wholesale boxed beef prices are higher compared to a week ago. Choice boxes averaged $188.63, up $2.15 from a week ago. Select boxes ended the week with an average of $179.20, down $0.27 from last week. The choice-select spread widened from $7.01 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.