Compared to last Thursday, not enough stocker or feeder this week for accurate trends. Most offerings today where small lots and singles. CME Feeder cattle closed up by $2.37 to $2.97 in the front months. April feeders expire a week from today to be settled against the index. The 4/20 CME Feeder Cattle Index was down by 76 cents to $153.90. Slaughter cows and bulls steady to 3.00 lower. USDA reported 15,021 MT of beef bookings from the week that ended 4/14. That was down from 17.2k MT the week sooner and was down from 24.6k MT from the same week the year prior. Beef exports were 20,965 MT from the week, up 7.5% from the same week last year. Accumulated beef exports are at a record pace of 271,093 MT through 4/14. Trade slow to moderate with light to moderate demand.
| Frame / muscle | Avg wt | $/cwt | $/head | Head |
|---|---|---|---|---|
| Medium and Large 1-2 | 591 | 149.18 | 881 | 26 |
| Small and Medium 2-3 | 437 | 133.33 | 583 | 18thin |
| Large 1 | 893 | 123.17 | 1,100 | 15thin |
| Large 2-3 | 852 | 95.00 | 809 | 7thin |
| Class | Grade | Dressing | Avg wt | $/cwt | $/head | Head |
|---|---|---|---|---|---|---|
| Bulls | — | Average | 2,018 | 115.01 | 2,321 | 14 |
| Cows | Boner 80-85% | Average | 1,386 | 92.22 | 1,278 | 460 |
| Cows | Lean 85-90% | Average | 1,285 | 90.91 | 1,169 | 400 |
| Class | Grade / description | Weight | Avg wt | Price | Range | Per head | Head |
|---|---|---|---|---|---|---|---|
| Heifers | Large 1 | — | 781 | 128.50/cwt | 128.50–128.50 | 1,004 | 5 |
| Heifers | Medium and Large 1-2 | — | 201 | 375.00/cwt | 375.00–375.00 | 754 | 5 |
| Heifers | Medium and Large 1-2 | — | 159 | 330.00/cwt | 330.00–330.00 | 525 | 5 |
| Steers | Medium and Large 1-2 | — | 679 | 165.50/cwt | 165.50–165.50 | 1,124 | 17 |
| Heifers | Medium and Large 1-2 | — | 559 | 151.00/cwt | 151.00–151.00 | 844 | 8 |
| Heifers | Medium and Large 1-2 | — | 487 | 155.00/cwt | 155.00–155.00 | 755 | 6 |
| Steers | Medium and Large 1-2 | — | 132 | 300.00/cwt | 300.00–300.00 | 396 | 5 |
| Steers | Medium and Large 1-2 | — | 191 | 350.00/cwt | 350.00–350.00 | 669 | 9 |
| Heifers | Large 1 | — | 949 | 120.50/cwt | 120.50–120.50 | 1,144 | 10 |
| Heifers | Small and Medium 2-3 | — | 376 | 150.00/cwt | 150.00–150.00 | 564 | 6 |
| Heifers | Small and Medium 2-3 | — | 468 | 125.00/cwt | 125.00–125.00 | 585 | 12 |
| Heifers | Large 2-3 | — | 852 | 95.00/cwt | 95.00–95.00 | 809 | 7 |
| Heifers | Medium and Large 1-2 | — | 664 | 145.05/cwt | 143.00–148.00 | 963 | 12 |
| Steers | Medium and Large 1-2 | — | 622 | 169.79/cwt | 166.00–176.00 | 1,056 | 27 |
| Cow-Calf Pairs | Medium and Large 1-2 | — | 1,133 | 1,641.64/cwt | 1,550.00–1,675.00 | 18,600 | 28 |
| Cow-Calf Pairs | Medium and Large 1-2 | — | 1,134 | 1,831.23/cwt | 1,760.00–1,875.00 | 20,766 | 13 |
| Bred Cows | Medium and Large 1-2 | — | 1,269 | 1,250.00/cwt | 1,250.00–1,250.00 | 15,863 | 7 |
| Bred Cows | Medium and Large 1-2 | — | 1,136 | 1,035.00/cwt | 1,035.00–1,035.00 | 11,758 | 5 |
| Cow-Calf Pairs | Medium and Large 1-2Broken Mouth | — | 1,290 | 1,344.81/cwt | 1,325.00–1,375.00 | 17,348 | 16 |
| Bred Cows | Medium and Large 1-2 | — | 1,218 | 1,350.00/cwt | 1,350.00–1,350.00 | 16,443 | 5 |
| Bred Heifers | Medium and Large 1-2 | — | 1,004 | 1,100.00/cwt | 1,100.00–1,100.00 | 11,044 | 10 |
| Cow-Calf Pairs | Medium and Large 2-3 | — | 1,073 | 1,050.00/cwt | 1,050.00–1,050.00 | 11,267 | 5 |
| Cow-Calf Pairs | Medium and Large 1-2 | — | 1,237 | 1,302.97/cwt | 1,225.00–1,375.00 | 16,118 | 10 |
| Cow-Calf Pairs | Medium and Large 1-2 | — | 1,230 | 1,361.89/cwt | 1,325.00–1,425.00 | 16,751 | 17 |
| Cow-Calf Pairs | Medium and Large 1-2 | — | 1,214 | 1,446.11/cwt | 1,400.00–1,600.00 | 17,556 | 25 |
| Bulls | — | — | 2,027 | 113.26/cwt | 108.00–116.50 | 2,296 | 11 |
| Bulls | — | — | 1,985 | 121.44/cwt | 118.50–125.50 | 2,411 | 3 |
| Cows | Boner 80-85%Certified Prgms | — | 1,384 | 99.24/cwt | 98.75–100.50 | 1,373 | 40 |
| Cows | Boner 80-85% | — | 1,507 | 94.06/cwt | 91.00–96.00 | 1,417 | 215 |
| Cows | Boner 80-85% | — | 1,259 | 88.91/cwt | 85.00–91.00 | 1,119 | 205 |
| Cows | Lean 85-90% | — | 1,359 | 93.85/cwt | 90.00–96.00 | 1,275 | 205 |
| Cows | Lean 85-90% | — | 1,208 | 87.82/cwt | 84.00–90.00 | 1,061 | 195 |
Compared to last Thursday, not enough stocker or feeder this week for accurate trends. Most offerings today where small lots and singles. CME Feeder cattle closed up by $2.37 to $2.97 in the front months. April feeders expire a week from today to be settled against the index. The 4/20 CME Feeder Cattle Index was down by 76 cents to $153.90. Slaughter cows and bulls steady to 3.00 lower. USDA reported 15,021 MT of beef bookings from the week that ended 4/14. That was down from 17.2k MT the week sooner and was down from 24.6k MT from the same week the year prior. Beef exports were 20,965 MT from the week, up 7.5% from the same week last year. Accumulated beef exports are at a record pace of 271,093 MT through 4/14. Trade slow to moderate with light to moderate demand.
| Head | Wt range | Avg wt | Price range | Avg price |
|---|---|---|---|---|
| Heifers — Large 1$ per cwt · actual wt | ||||
| 5 | — | 781 | 128.50 | 128.50 |
| 10 | — | 949 | 120.50 | 120.50 |
| Heifers — Medium and Large 1-2$ per cwt · actual wt | ||||
| 5 | — | 201 | 375.00 | 375.00 |
| 5 | — | 159 | 330.00 | 330.00 |
| 8 | — | 559 | 151.00 | 151.00 |
| 6 | — | 487 | 155.00 | 155.00 |
| 12 | — | 664 | 143.00–148.00 | 145.05 |
| Heifers — Small and Medium 2-3$ per cwt · actual wt | ||||
| 6 | — | 376 | 150.00 | 150.00 |
| 12 | — | 468 | 125.00 | 125.00 |
| Heifers — Large 2-3$ per cwt · actual wt | ||||
| 7 | — | 852 | 95.00 | 95.00 |
| Steers — Medium and Large 1-2$ per cwt · actual wt | ||||
| 17 | — | 679 | 165.50 | 165.50 |
| 5 | — | 132 | 300.00 | 300.00 |
| 9 | — | 191 | 350.00 | 350.00 |
| 27 | — | 622 | 166.00–176.00 | 169.79 |
| Age | Stage | Head | Wt range | Avg wt | Price range | Avg price |
|---|---|---|---|---|---|---|
| Cow-Calf Pairs — Medium and Large 1-2$ per cwt · actual wt | ||||||
| Young (2-4 yrs) | Open | 28 | — | 1,133 | 1,550.00–1,675.00 | 1,641.64 |
| Young (2-4 yrs) | Open | 13 | — | 1,134 | 1,760.00–1,875.00 | 1,831.23 |
| Aged (>8 yrs) | Open | 10 | — | 1,237 | 1,225.00–1,375.00 | 1,302.97 |
| Middle Aged (5-8 yrs) | Open | 17 | — | 1,230 | 1,325.00–1,425.00 | 1,361.89 |
| Middle Aged (5-8 yrs) | Open | 25 | — | 1,214 | 1,400.00–1,600.00 | 1,446.11 |
| Cow-Calf Pairs — Medium and Large 1-2 · Broken Mouth$ per cwt · actual wt | ||||||
| Aged (>8 yrs) | Open | 16 | — | 1,290 | 1,325.00–1,375.00 | 1,344.81 |
| Cow-Calf Pairs — Medium and Large 2-3$ per cwt · actual wt | ||||||
| Young (2-4 yrs) | Open | 5 | — | 1,073 | 1,050.00 | 1,050.00 |
| Bred Cows — Medium and Large 1-2$ per cwt · actual wt | ||||||
| Young (2-4 yrs) | 1st Stage (1-3 mo) | 7 | — | 1,269 | 1,250.00 | 1,250.00 |
| Middle Aged (5-8 yrs) | 1st/2nd Stage (1-6 mo) | 5 | — | 1,136 | 1,035.00 | 1,035.00 |
| Middle Aged (5-8 yrs) | 3rd Stage (7-9 mo) | 5 | — | 1,218 | 1,350.00 | 1,350.00 |
| Bred Heifers — Medium and Large 1-2$ per cwt · actual wt | ||||||
| (<2 yrs) | 1st Stage (1-3 mo) | 10 | — | 1,004 | 1,100.00 | 1,100.00 |
| Head | Wt range | Avg wt | Price range | Avg price |
|---|---|---|---|---|
| Bulls$ per cwt · actual wt | ||||
| 11 | — | 2,027 | 108.00–116.50 | 113.26 |
| 3 | — | 1,985 | 118.50–125.50 | 121.44 |
| Cows — Boner 80-85% · Certified Prgms$ per cwt · actual wt | ||||
| 40 | — | 1,384 | 98.75–100.50 | 99.24 |
| Cows — Boner 80-85%$ per cwt · actual wt | ||||
| 215 | — | 1,507 | 91.00–96.00 | 94.06 |
| 205 | — | 1,259 | 85.00–91.00 | 88.91 |
| Cows — Lean 85-90%$ per cwt · actual wt | ||||
| 205 | — | 1,359 | 90.00–96.00 | 93.85 |
| 195 | — | 1,208 | 84.00–90.00 | 87.82 |