Cattle prices drop slightly this week

 Resize text         Printer-friendly version of this article Printer-friendly version of this article

 USDA reports cattle trade on Thursday with finished steers and heifers averaging just under $113 per hundredweight, down about a dollar from last-week’s prices. On a dressed basis, fed cattle averaged about $180 per hundredweight, down about $3 from last week’s average, according to the USDA’s 5 Area Daily Weighted Average Direct Slaughter Cattle report.

Beef prices meanwhile, have been mixed but generally steady with a week ago. The Choice cutout on Thursday averaged $187.79 per hundredweight while Select averaged $180.99. The Choice cutout was up $1.19 per hundredweight from a week ago while the Select cutout was down $2.15 from a week ago, resulting in a widening of the Choice-Select spread to $6.80.

Cattle slaughter for the week, estimated at 510,000 head as of Thursday, was steady with a week ago but down 7,000 head from the same period last year.

CME live-cattle futures closed higher Thursday, with the August contract up $0.60 at $113.85, October up $0.17 at $114.10 and December cattle up $0.30 at $116.45.

Feeder cattle futures also moved higher Thursday, with August closing at $122.67, September at $131.62 and October at $132.20.



Comments (0) Leave a comment 

Name
e-Mail (required)
Location

Comment:

characters left


Caterpillar Small Wheel Loaders

Cat® Small Wheel Loaders provide superior performance and versatility to help agriculture producers improve productivity and efficiency. An extensive range ... Read More

View all Products in this segment

View All Buyers Guides

Feedback Form
Leads to Insight