Cash traded fed cattle were up $0.67 this week to an average of $118.44 for live sales compared to $117.67 last week. Very little volume was reported this week, however, with only 8,680 head reported for the week – down from 72,821 last week.
The first reported prices in 2017 for Oklahoma City 500-550 pound steers averaged $156.26 while 750-800 pound steers averaged $132.68. During this week in Mississippi auctions, lighter weight feeders weighing 450-500 pounds averaged $139.00, while heavy steers averaged $113.50.
[ … For more in depth Livestock Prices and Production data and trends CLICK HERE … **Please note: there is quite a bit of missing data for last week due to the limited reporting during the holidays**]
Live cattle futures and feeder futures rallied this week. February live cattle were up $3.66 on the week at $118.48, while April live cattle were up $3.60 to $117.8 over last week. January feeder cattle were up $1.80 from last Friday at $130.30 while March futures are up $5.20 on the week at $129.23. March and May corn futures are each up a penny from a week ago at $3.59 and $3.66, respectively.
Wholesale boxed beef prices are declined this week with choice boxes averaging $192, down $9.84 from a week ago. Select boxes ended the week with an average of $188.59, a decrease of $5.03 over last week. The choice-select spread shrunk to just $3.41 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.