Cash Cattle:
Cash traded fed cattle were higher this week. The five-area fed steer price for the week of November 24 – December 1 averaged $114.14 for live sales, and $174.95 for dressed; respectively, up $3.08 and $2.04. Total volume sold was up 65,000 head from a week ago and up 56,000 head from last year.
Feeder steer cattle and calves were higher across the U.S. this week. Oklahoma City 500-550 pound steers were up $6.00, averaging $156.57 while 750-800 pound steers were up $2.00 averaging $136.28. In Mississippi auctions, lighter weight feeders weighing 450-500 pounds were averaging $137.50, up $9.50 from two weeks ago, while heavy steers were averaging $105.00, up $2.50 from two weeks ago.
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Futures:
Live cattle futures and feeder futures were lower this week. December live cattle were down $2.55 on the week and $15.75 lower than a year ago at $108.20, while April live cattle were down $2.69 from last week and down $20.68 from a year ago at $108.88. Feeder cattle were lower this week with January futures down $2.52 from last Friday and down $34.10 from a year ago at $124.70 while March futures are down $1.70 on the week at $121.65. March corn futures are down $0.08 from a week ago at $3.47 while July futures are also down $0.09.
Beef:
Wholesale boxed beef prices are lower compared to a week ago. Choice boxes averaged $189.55, up $3.25 from a week ago. Select boxes ended the week with an average of $172.81, up $2.98 from last week. The choice-select spread widened from $16.47 a week ago to $16.74 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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