Cash traded fed cattle were higher this week. The five-area fed steer price for the week of October 20 – October 27 averaged $103.13 for live sales, and $161.77 for dressed; respectively, up $4.89 and $7.75. Total volume sold was up 11,000 head from a week ago and up 60,000 head from last year.
Feeder steer cattle and calves were mostly higher 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 up $4.00 averaging $121.25. In Mississippi auctions, lighter weight feeders weighing 450-500 pounds were averaging $119.00, up $8.00 from a week ago, while heavy steers were averaging $92.50, up $9.50 from last week.
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Live cattle futures and feeder futures were higher this week. December live cattle were up $2.45 on the week and $28.68 lower than a year ago at $104.40, while April live cattle were up $2.15 from last week and down $37.85 from a year ago at $104.28. Feeder cattle were higher this week with November futures up $2.08 from last Friday and down $69.00 from a year ago at $121.90 while March futures are up $0.10 on the week at $113.08. December corn futures are up $0.03 from a week ago at $3.55 while March futures are also down $0.01.
Wholesale boxed beef prices are higher compared to a week ago. Choice boxes averaged $182.00, up $2.01 from a week ago. Select boxes ended the week with an average of $168.70, down $0.83 from last week. The choice-select spread widened from $10.46 a week ago to $13.30 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.