Compared to last Thursday, stocker and feeder cattle firm. Quality of feeder cattle more attractive this week with good buyer attendance. CME Feeder cattle futures bounced back with triple digit Wednesday gains of $1.15 to $1.67. The CME Feeder Cattle Index was $169.02, down by $1.99 for 7/22. Slaughter cows steady to 2.00 higher. Not enough slaughter bulls for accurate trends. Trade active with good demand. Excessive heat over the trade area affecting the movement of livestock. USDA's weekly FAS data showed beef bookings were 25.3k MT during the week that ended 7/21. That was a 6% increase wk/wk and a 66% increase from the 4-week average. South Korea and Japan were the top buyers for the week, each with over 7k MT. Beef shipments from the report were also 20.3k MT, again led by shipments to South Korea and Japan.
| Frame / muscle | Avg wt | $/cwt | $/head | Head |
|---|---|---|---|---|
| Medium and Large 1-2 | 628 | 178.90 | 1,123 | 20 |
| Large 1 | 796 | 166.69 | 1,326 | 106 |
| Large 1-2 | 726 | 155.00 | 1,125 | 6thin |
| Large 2-3 | 805 | 133.00 | 1,071 | 7thin |
| Medium and Large 2-3 | 589 | 115.00 | 677 | 10thin |
| Class | Grade | Dressing | Avg wt | $/cwt | $/head | Head |
|---|---|---|---|---|---|---|
| Bulls | — | Average | 2,000 | 111.22 | 2,224 | 12 |
| Cows | Lean 85-90% | Average | 1,340 | 98.30 | 1,317 | 240 |
| Cows | Boner 80-85% | Average | 1,686 | 95.82 | 1,616 | 260 |
| Class | Weight | Grade / description | Avg wt | Price | Range | Per head | Head |
|---|---|---|---|---|---|---|---|
| Feeder Cattle · Steers8 lots · lightest first | |||||||
| Steers | — | Medium and Large 1-2 | 455 | 179.00/cwt | 179.00–179.00 | 814 | 5 |
| Steers | — | Medium and Large 2-3 | 589 | 115.00/cwt | 115.00–115.00 | 677 | 10 |
| Steers | — | Medium and Large 1-2 | 685 | 178.86/cwt | 177.50–180.00 | 1,225 | 15 |
| Steers | — | Large 1-2 | 726 | 155.00/cwt | 155.00–155.00 | 1,125 | 6 |
| Steers | — | Large 1 | 747 | 171.00/cwt | 171.00–171.00 | 1,277 | 14 |
| Steers | — | Large 1 | 764 | 170.00/cwt | 170.00–170.00 | 1,299 | 34 |
| Steers | — | Large 2-3 | 805 | 133.00/cwt | 133.00–133.00 | 1,071 | 7 |
| Steers | — | Large 1 | 826 | 163.71/cwt | 163.00–164.50 | 1,352 | 58 |
| Feeder Cattle · Heifers8 lots · lightest first | |||||||
| Heifers | — | Medium and Large 2-3 | 474 | 115.00/cwt | 115.00–115.00 | 545 | 7 |
| Heifers | — | Medium and Large 2-3 | 597 | 124.00/cwt | 124.00–124.00 | 740 | 8 |
| Heifers | — | Medium and Large 1-2 | 643 | 166.50/cwt | 165.50–168.00 | 1,071 | 15 |
| Heifers | — | Medium and Large 2-3 | 653 | 127.50/cwt | 127.50–127.50 | 833 | 6 |
| Heifers | — | Medium and Large 1-2 | 690 | 160.00/cwt | 160.00–160.00 | 1,104 | 19 |
| Heifers | — | Large 1 | 740 | 160.92/cwt | 159.50–162.50 | 1,191 | 50 |
| Heifers | — | Large 1 | 789 | 143.00/cwt | 143.00–143.00 | 1,128 | 5 |
| Heifers | — | Large 1 | 824 | 146.50/cwt | 146.50–146.50 | 1,207 | 6 |
| Feeder Cattle · Dairy Heifers1 lot · lightest first | |||||||
| Dairy Heifers | — | Large 3 | 873 | 99.50/cwt | 99.50–99.50 | 869 | 7 |
| Slaughter Cattle · Bulls2 lots · lightest first | |||||||
| Bulls | — | — | 1,980 | 108.64/cwt | 105.50–110.00 | 2,151 | 5 |
| Bulls | — | — | 2,014 | 113.06/cwt | 110.00–114.50 | 2,277 | 7 |
| Slaughter Cattle · Cows4 lots · lightest first | |||||||
| Cows | — | Lean 85-90% | 1,313 | 95.81/cwt | 92.00–98.00 | 1,258 | 115 |
| Cows | — | Lean 85-90% | 1,364 | 100.59/cwt | 98.00–102.00 | 1,372 | 125 |
| Cows | — | Boner 80-85% | 1,660 | 92.36/cwt | 87.00–96.00 | 1,533 | 125 |
| Cows | — | Boner 80-85% | 1,711 | 99.03/cwt | 96.00–101.00 | 1,694 | 135 |
Compared to last Thursday, stocker and feeder cattle firm. Quality of feeder cattle more attractive this week with good buyer attendance. CME Feeder cattle futures bounced back with triple digit Wednesday gains of $1.15 to $1.67. The CME Feeder Cattle Index was $169.02, down by $1.99 for 7/22. Slaughter cows steady to 2.00 higher. Not enough slaughter bulls for accurate trends. Trade active with good demand. Excessive heat over the trade area affecting the movement of livestock. USDA's weekly FAS data showed beef bookings were 25.3k MT during the week that ended 7/21. That was a 6% increase wk/wk and a 66% increase from the 4-week average. South Korea and Japan were the top buyers for the week, each with over 7k MT. Beef shipments from the report were also 20.3k MT, again led by shipments to South Korea and Japan.
| Heifers — Large 1$ per cwt · actual wt | ||||
| Head | Wt range | Avg wt | Price range | Avg price |
|---|---|---|---|---|
| 6 | — | 824 | 146.50 | 146.50 |
| 50 | — | 740 | 159.50–162.50 | 160.92 |
| 5 | — | 789 | 143.00 | 143.00 |
| Heifers — Medium and Large 1-2$ per cwt · actual wt | ||||
| Head | Wt range | Avg wt | Price range | Avg price |
|---|---|---|---|---|
| 15 | — | 643 | 165.50–168.00 | 166.50 |
| 19 | — | 690 | 160.00 | 160.00 |
| Heifers — Medium and Large 2-3$ per cwt · actual wt | ||||
| Head | Wt range | Avg wt | Price range | Avg price |
|---|---|---|---|---|
| 7 | — | 474 | 115.00 | 115.00 |
| 8 | — | 597 | 124.00 | 124.00 |
| 6 | — | 653 | 127.50 | 127.50 |
| Steers — Large 2-3$ per cwt · actual wt | ||||
| Head | Wt range | Avg wt | Price range | Avg price |
|---|---|---|---|---|
| 7 | — | 805 | 133.00 | 133.00 |
| Steers — Large 1$ per cwt · actual wt | ||||
| Head | Wt range | Avg wt | Price range | Avg price |
|---|---|---|---|---|
| 34 | — | 764 | 170.00 | 170.00 |
| 14 | — | 747 | 171.00 | 171.00 |
| 58 | — | 826 | 163.00–164.50 | 163.71 |
| Steers — Medium and Large 1-2$ per cwt · actual wt | ||||
| Head | Wt range | Avg wt | Price range | Avg price |
|---|---|---|---|---|
| 15 | — | 685 | 177.50–180.00 | 178.86 |
| 5 | — | 455 | 179.00 | 179.00 |
| Steers — Large 1-2$ per cwt · actual wt | ||||
| Head | Wt range | Avg wt | Price range | Avg price |
|---|---|---|---|---|
| 6 | — | 726 | 155.00 | 155.00 |
| Steers — Medium and Large 2-3$ per cwt · actual wt | ||||
| Head | Wt range | Avg wt | Price range | Avg price |
|---|---|---|---|---|
| 10 | — | 589 | 115.00 | 115.00 |
| Dairy Heifers — Large 3$ per cwt · actual wt | ||||
| Head | Wt range | Avg wt | Price range | Avg price |
|---|---|---|---|---|
| 7 | — | 873 | 99.50 | 99.50 |
| Bulls$ per cwt · actual wt | ||||
| Head | Wt range | Avg wt | Price range | Avg price |
|---|---|---|---|---|
| 7 | — | 2,014 | 110.00–114.50 | 113.06 |
| 5 | — | 1,980 | 105.50–110.00 | 108.64 |
| Cows — Boner 80-85%$ per cwt · actual wt | ||||
| Head | Wt range | Avg wt | Price range | Avg price |
|---|---|---|---|---|
| 135 | — | 1,711 | 96.00–101.00 | 99.03 |
| 125 | — | 1,660 | 87.00–96.00 | 92.36 |
| Cows — Lean 85-90%$ per cwt · actual wt | ||||
| Head | Wt range | Avg wt | Price range | Avg price |
|---|---|---|---|---|
| 125 | — | 1,364 | 98.00–102.00 | 100.59 |
| 115 | — | 1,313 | 92.00–98.00 | 95.81 |