Cash Cattle:
Cash traded fed cattle were lower this week. The five-area fed steer price for the week of October 6 – October 13 averaged $97.59 for live sales, and $153.93 for dressed; respectively, down $3.32 and $5.13. Total volume sold was down 4,000 head from a week ago and up 28,000 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 up $4.00, averaging $132.69 while 750-800 pound steers were down slightly averaging $125.52. In Mississippi auctions, lighter weight feeders weighing 450-500 pounds were averaging $112.50, down $2.50 from a week ago, while heavy steers were averaging $90.00, up $0.50 from last week.
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Futures:
Live cattle futures and feeder futures were lower this week. October live cattle were down $5.88 on the week and $40.00 lower than a year ago at $95.95, while December live cattle were down $5.55 from last week and down $42.18 from a year ago at $97.38. Feeder cattle were lower this week with October futures down $7.45 from last Friday and down $73.53 from a year ago at $120.10 while November futures are down $7.28 on the week at $115.35. December corn futures are up $0.15 from a week ago at $3.54 while March futures are up $0.15.
Beef:
Wholesale boxed beef prices are lower compared to a week ago. Choice boxes averaged $182.43, down $3.91 from a week ago. Select boxes ended the week with an average of $172.89, down $3.14 from last week. The choice-select spread narrowed from $8.66 a week ago to $9.54 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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