Compared to last Thursday, Stocker and feeder cattle weak to 6.00 lower. Quality not as attractive as last week as many lots today where unvaccinated. Feeders also rallied triple digits on Thursday, gaining $3+ in the 2021 contracts. The 10/6 CME Feeder Cattle Index bounced 92 cents to $153.80. Slaughter cows and bulls unevenly steady. Trade active with good demand especially for grass fed offerings. USDA’s weekly data release showed 15,633 MT of beef was sold for export during the week of 9/30. That was down 3% wk/wk and down by 37% form the same week last year. China was the top buyer, with 6k MT booked. Total commitments to China sit at 142,126 MT, which is 123% above last year’s total commitments – which in itself was 522% above the previous record.
| Frame / muscle | Avg wt | $/cwt | $/head | Head |
|---|---|---|---|---|
| Medium and Large 1-2 | 592 | 140.60 | 833 | 67 |
| Large 1 | 1,000 | 129.35 | 1,293 | 29 |
| Small and Medium 1-2 | 594 | 129.16 | 767 | 25 |
| Small and Medium 2-3 | 626 | 100.00 | 626 | 10thin |
| Class | Grade | Dressing | Avg wt | $/cwt | $/head | Head |
|---|---|---|---|---|---|---|
| Bulls | — | Average | 2,061 | 79.26 | 1,633 | 18 |
| Cows | Boner 80-85% | Average | 1,456 | 60.63 | 883 | 253 |
| Cows | Lean 85-90% | Average | 1,273 | 54.71 | 697 | 250 |
| Dairy Steers | Choice | Average | 1,681 | 64.00 | 1,076 | 5thin |
| Class | Weight | Grade / description | Avg wt | Price | Range | Per head | Head |
|---|---|---|---|---|---|---|---|
| Feeder Cattle · Steers13 lots · lightest first | |||||||
| Steers | — | Medium and Large 1-2 | 424 | 143.00/cwt | 143.00–143.00 | 606 | 5 |
| Steers | — | Medium and Large 1-2 | 464 | 153.00/cwt | 153.00–153.00 | 710 | 7 |
| Steers | — | Small and Medium 1-2 | 562 | 129.00/cwt | 129.00–129.00 | 725 | 17 |
| Steers | — | Medium and Large 1-2 | 590 | 141.50/cwt | 141.50–141.50 | 835 | 5 |
| Steers | — | Small and Medium 2-3 | 594 | 100.00/cwt | 100.00–100.00 | 594 | 5 |
| Steers | — | Medium and Large 1-2 | 623 | 138.93/cwt | 133.00–142.75 | 866 | 45 |
| Steers | — | Small and Medium 2-3 | 658 | 100.00/cwt | 100.00–100.00 | 658 | 5 |
| Steers | — | Small and Medium 1-2 | 661 | 129.50/cwt | 129.50–129.50 | 856 | 8 |
| Steers | — | Medium and Large 1-2 | 664 | 135.00/cwt | 135.00–135.00 | 896 | 5 |
| Steers | — | Large 1 | 765 | 135.00/cwt | 135.00–135.00 | 1,033 | 6 |
| Steers | — | Large 1 | 812 | 133.50/cwt | 133.50–133.50 | 1,084 | 5 |
| Steers | — | Large 1 | 1,111 | 128.75/cwt | 128.75–128.75 | 1,430 | 13 |
| Steers | — | Large 1 | 1,180 | 120.00/cwt | 120.00–120.00 | 1,416 | 5 |
| Feeder Cattle · Heifers13 lots · lightest first | |||||||
| Heifers | — | Small and Medium 2-3 | 389 | 87.00/cwt | 87.00–87.00 | 338 | 6 |
| Heifers | — | Medium and Large 1-2 | 401 | 143.00/cwt | 143.00–143.00 | 573 | 5 |
| Heifers | — | Small and Medium 1-2 | 444 | 129.00/cwt | 129.00–129.00 | 573 | 7 |
| Heifers | — | Small and Medium 1-2 | 474 | 127.00/cwt | 127.00–127.00 | 602 | 8 |
| Heifers | — | Small and Medium 2-3 | 492 | 90.00/cwt | 90.00–90.00 | 443 | 9 |
| Heifers | — | Medium and Large 1-2 | 508 | 134.75/cwt | 134.75–134.75 | 685 | 5 |
| Heifers | — | Small and Medium 1-2 | 525 | 125.53/cwt | 125.00–126.00 | 659 | 11 |
| Heifers | — | Small and Medium 1-2 | 560 | 125.50/cwt | 125.50–125.50 | 703 | 7 |
| Heifers | — | Medium and Large 1-2 | 563 | 134.50/cwt | 134.50–134.50 | 757 | 5 |
| Heifers | — | Small and Medium 2-3 | 596 | 115.00/cwt | 115.00–115.00 | 685 | 7 |
| Heifers | — | Medium and Large 1-2 | 636 | 131.35/cwt | 130.50–132.00 | 835 | 16 |
| Heifers | — | Small and Medium 1-2 | 666 | 115.00/cwt | 109.00–120.00 | 766 | 11 |
| Heifers | — | Large 1 | 730 | 112.04/cwt | 110.00–114.00 | 818 | 12 |
| Feeder Cattle · Dairy Heifers1 lot · lightest first | |||||||
| Dairy Heifers | — | Small 4 | 708 | 30.50/cwt | 30.50–30.50 | 216 | 7 |
| Slaughter Cattle · Bulls2 lots · lightest first | |||||||
| Bulls | — | — | 1,971 | 75.83/cwt | 74.00–77.00 | 1,495 | 7 |
| Bulls | — | — | 2,118 | 81.44/cwt | 77.00–84.50 | 1,725 | 11 |
| Slaughter Cattle · Cows7 lots · lightest first | |||||||
| Cows | — | Lean 85-90%Light Weight | 980 | 43.89/cwt | 39.50–47.00 | 430 | 23 |
| Cows | — | Lean 85-90%Certified Prgms | 1,100 | 64.75/cwt | 64.75–64.75 | 712 | 5 |
| Cows | — | Lean 85-90% | 1,254 | 52.59/cwt | 48.00–56.00 | 659 | 107 |
| Cows | — | Lean 85-90% | 1,357 | 58.42/cwt | 56.00–60.00 | 793 | 115 |
| Cows | — | Boner 80-85% | 1,404 | 57.48/cwt | 54.00–60.00 | 807 | 112 |
| Cows | — | Boner 80-85%Certified Prgms | 1,462 | 67.85/cwt | 64.50–70.00 | 992 | 21 |
| Cows | — | Boner 80-85% | 1,503 | 62.30/cwt | 60.00–64.00 | 936 | 120 |
| Slaughter Cattle · Dairy Steers1 lot · lightest first | |||||||
| Dairy Steers | — | Choice | 1,681 | 64.00/cwt | 64.00–64.00 | 1,076 | 5 |
| Replacement Cattle · Bred Heifers1 lot · lightest first | |||||||
| Bred Heifers | — | Medium and Large 1-2 | 1,026 | 1,147.87/cwt | 1,100.00–1,200.00 | 11,777 | 22 |
Compared to last Thursday, Stocker and feeder cattle weak to 6.00 lower. Quality not as attractive as last week as many lots today where unvaccinated. Feeders also rallied triple digits on Thursday, gaining $3+ in the 2021 contracts. The 10/6 CME Feeder Cattle Index bounced 92 cents to $153.80. Slaughter cows and bulls unevenly steady. Trade active with good demand especially for grass fed offerings. USDA’s weekly data release showed 15,633 MT of beef was sold for export during the week of 9/30. That was down 3% wk/wk and down by 37% form the same week last year. China was the top buyer, with 6k MT booked. Total commitments to China sit at 142,126 MT, which is 123% above last year’s total commitments – which in itself was 522% above the previous record.
| Heifers — Large 1$ per cwt · actual wt | ||||
| Head | Wt range | Avg wt | Price range | Avg price |
|---|---|---|---|---|
| 12 | — | 730 | 110.00–114.00 | 112.04 |
| Heifers — Medium and Large 1-2$ per cwt · actual wt | ||||
| Head | Wt range | Avg wt | Price range | Avg price |
|---|---|---|---|---|
| 5 | — | 508 | 134.75 | 134.75 |
| 5 | — | 563 | 134.50 | 134.50 |
| 16 | — | 636 | 130.50–132.00 | 131.35 |
| 5 | — | 401 | 143.00 | 143.00 |
| Heifers — Small and Medium 1-2$ per cwt · actual wt | ||||
| Head | Wt range | Avg wt | Price range | Avg price |
|---|---|---|---|---|
| 7 | — | 444 | 129.00 | 129.00 |
| 11 | — | 525 | 125.00–126.00 | 125.53 |
| 11 | — | 666 | 109.00–120.00 | 115.00 |
| 7 | — | 560 | 125.50 | 125.50 |
| 8 | — | 474 | 127.00 | 127.00 |
| Heifers — Small and Medium 2-3$ per cwt · actual wt | ||||
| Head | Wt range | Avg wt | Price range | Avg price |
|---|---|---|---|---|
| 6 | — | 389 | 87.00 | 87.00 |
| 7 | — | 596 | 115.00 | 115.00 |
| 9 | — | 492 | 90.00 | 90.00 |
| Steers — Large 1$ per cwt · actual wt | ||||
| Head | Wt range | Avg wt | Price range | Avg price |
|---|---|---|---|---|
| 5 | — | 1,180 | 120.00 | 120.00 |
| 6 | — | 765 | 135.00 | 135.00 |
| 13 | — | 1,111 | 128.75 | 128.75 |
| 5 | — | 812 | 133.50 | 133.50 |
| Steers — Small and Medium 1-2$ per cwt · actual wt | ||||
| Head | Wt range | Avg wt | Price range | Avg price |
|---|---|---|---|---|
| 8 | — | 661 | 129.50 | 129.50 |
| 17 | — | 562 | 129.00 | 129.00 |
| Steers — Medium and Large 1-2$ per cwt · actual wt | ||||
| Head | Wt range | Avg wt | Price range | Avg price |
|---|---|---|---|---|
| 45 | — | 623 | 133.00–142.75 | 138.93 |
| 7 | — | 464 | 153.00 | 153.00 |
| 5 | — | 664 | 135.00 | 135.00 |
| 5 | — | 590 | 141.50 | 141.50 |
| 5 | — | 424 | 143.00 | 143.00 |
| Steers — Small and Medium 2-3$ per cwt · actual wt | ||||
| Head | Wt range | Avg wt | Price range | Avg price |
|---|---|---|---|---|
| 5 | — | 594 | 100.00 | 100.00 |
| 5 | — | 658 | 100.00 | 100.00 |
| Dairy Heifers — Small 4$ per cwt · actual wt | ||||
| Head | Wt range | Avg wt | Price range | Avg price |
|---|---|---|---|---|
| 7 | — | 708 | 30.50 | 30.50 |
| Bred Heifers — Medium and Large 1-2$ per cwt · actual wt | ||||||
| Age | Stage | Head | Wt range | Avg wt | Price range | Avg price |
|---|---|---|---|---|---|---|
| Young (2-4 yrs) | 1st/2nd Stage (1-6 mo) | 22 | — | 1,026 | 1,100.00–1,200.00 | 1,147.87 |
| Bulls$ per cwt · actual wt | ||||
| Head | Wt range | Avg wt | Price range | Avg price |
|---|---|---|---|---|
| 11 | — | 2,118 | 77.00–84.50 | 81.44 |
| 7 | — | 1,971 | 74.00–77.00 | 75.83 |
| Cows — Lean 85-90% · Certified Prgms$ per cwt · actual wt | ||||
| Head | Wt range | Avg wt | Price range | Avg price |
|---|---|---|---|---|
| 5 | — | 1,100 | 64.75 | 64.75 |
| Cows — Lean 85-90% · Light Weight$ per cwt · actual wt | ||||
| Head | Wt range | Avg wt | Price range | Avg price |
|---|---|---|---|---|
| 23 | — | 980 | 39.50–47.00 | 43.89 |
| Cows — Boner 80-85% · Certified Prgms$ per cwt · actual wt | ||||
| Head | Wt range | Avg wt | Price range | Avg price |
|---|---|---|---|---|
| 21 | — | 1,462 | 64.50–70.00 | 67.85 |
| Cows — Boner 80-85%$ per cwt · actual wt | ||||
| Head | Wt range | Avg wt | Price range | Avg price |
|---|---|---|---|---|
| 120 | — | 1,503 | 60.00–64.00 | 62.30 |
| 112 | — | 1,404 | 54.00–60.00 | 57.48 |
| Cows — Lean 85-90%$ per cwt · actual wt | ||||
| Head | Wt range | Avg wt | Price range | Avg price |
|---|---|---|---|---|
| 115 | — | 1,357 | 56.00–60.00 | 58.42 |
| 107 | — | 1,254 | 48.00–56.00 | 52.59 |
| Dairy Steers — Choice$ per cwt · actual wt | ||||
| Head | Wt range | Avg wt | Price range | Avg price |
|---|---|---|---|---|
| 5 | — | 1,681 | 64.00 | 64.00 |