Cash Cattle:
Cash traded fed cattle were higher this week. The five-area fed steer price for the week of October 13 – October 20 averaged $98.24 for live sales, and $154.02 for dressed; respectively, up $0.65 and $0.09. Total volume sold was up 1,000 head from a week ago and up 46,000 head from last year.
Feeder steer cattle and calves were mixed across the U.S. this week. Oklahoma City 500-550 pound steers were up $1.00, averaging $133.76 while 750-800 pound steers were down $4.00 averaging $121.25. In Mississippi auctions, lighter weight feeders weighing 450-500 pounds were averaging $111.00, down $1.50 from a week ago, while heavy steers were averaging $83.00, down $7.00 from last week.
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Futures:
Live cattle futures and feeder futures were hihger this week. October live cattle were up $5.27 on the week and $39.50 lower than a year ago at $101.23, while December live cattle were up $4.58 from last week and down $44.40 from a year ago at $101.95. Feeder cattle were higher this week with October futures up $1.10 from last Friday and down $73.65 from a year ago at $121.20 while November futures are up $4.48 on the week at $119.82. December corn futures are down $0.02 from a week ago at $3.52 while March futures are also down $0.02.
Beef:
Wholesale boxed beef prices are lower compared to a week ago. Choice boxes averaged $179.99, down $2.44 from a week ago. Select boxes ended the week with an average of $169.53, down $3.36 from last week. The choice-select spread widened from $9.54 a week ago to $10.46 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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