Cash traded fed cattle were lower this week. The five-area fed steer price for the week of November 3 – November 10 averaged $102.72 for live sales, and $159.00 for dressed; respectively, down $1.75 and $3.59. Total volume sold was up 4,000 head from a week ago and up 54,000 head from last year.
Feeder steer cattle and calves were mixed across the U.S. this week. Oklahoma City 500-550 pound steers were steady, averaging $137.30 while 750-800 pound steers were down $2.00 averaging $125.73. In Mississippi auctions, lighter weight feeders weighing 450-500 pounds were averaging $126.50, up $1.50 from a week ago, while heavy steers were averaging $98.00, unchanged from last week.
[ … For Livestock Prices and Production data and trends CLICK HERE … ]
Live cattle futures and feeder futures were higher this week. December live cattle were up $2.98 on the week and $27.20 lower than a year ago at $105.70, while April live cattle were up $1.80 from last week and down $26.18 from a year ago at $106.15. Feeder cattle were higher this week with November futures up $0.15 from last Friday and down $46.93 from a year ago at $125.78 while March futures are up $2.18 on the week at $117.50. December corn futures are down $0.09 from a week ago at $3.40 while March futures are also down $0.09.
Wholesale boxed beef prices are lower compared to a week ago. Choice boxes averaged $185.47, down $1.56 from a week ago. Select boxes ended the week with an average of $170.22, down $3.21 from last week. The choice-select spread widened from $13.60 a week ago to $15.25 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.