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 | Grade / description | Weight | Avg wt | Price | Range | Per head | Head |
|---|---|---|---|---|---|---|---|
| Heifers | Large 1 | — | 824 | 146.50/cwt | 146.50–146.50 | 1,207 | 6 |
| Heifers | Large 1 | — | 740 | 160.92/cwt | 159.50–162.50 | 1,191 | 50 |
| Heifers | Medium and Large 1-2 | — | 643 | 166.50/cwt | 165.50–168.00 | 1,071 | 15 |
| 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 2-3 | — | 653 | 127.50/cwt | 127.50–127.50 | 833 | 6 |
| Steers | Large 2-3 | — | 805 | 133.00/cwt | 133.00–133.00 | 1,071 | 7 |
| Steers | Large 1 | — | 764 | 170.00/cwt | 170.00–170.00 | 1,299 | 34 |
| Steers | Medium and Large 1-2 | — | 685 | 178.86/cwt | 177.50–180.00 | 1,225 | 15 |
| Dairy Heifers | Large 3 | — | 873 | 99.50/cwt | 99.50–99.50 | 869 | 7 |
| Heifers | Medium and Large 1-2 | — | 690 | 160.00/cwt | 160.00–160.00 | 1,104 | 19 |
| Steers | Large 1 | — | 747 | 171.00/cwt | 171.00–171.00 | 1,277 | 14 |
| Steers | Large 1 | — | 826 | 163.71/cwt | 163.00–164.50 | 1,352 | 58 |
| Steers | Large 1-2 | — | 726 | 155.00/cwt | 155.00–155.00 | 1,125 | 6 |
| Steers | Medium and Large 1-2 | — | 455 | 179.00/cwt | 179.00–179.00 | 814 | 5 |
| Heifers | Large 1 | — | 789 | 143.00/cwt | 143.00–143.00 | 1,128 | 5 |
| Steers | Medium and Large 2-3 | — | 589 | 115.00/cwt | 115.00–115.00 | 677 | 10 |
| Bulls | — | — | 2,014 | 113.06/cwt | 110.00–114.50 | 2,277 | 7 |
| Bulls | — | — | 1,980 | 108.64/cwt | 105.50–110.00 | 2,151 | 5 |
| Cows | Boner 80-85% | — | 1,711 | 99.03/cwt | 96.00–101.00 | 1,694 | 135 |
| Cows | Boner 80-85% | — | 1,660 | 92.36/cwt | 87.00–96.00 | 1,533 | 125 |
| Cows | Lean 85-90% | — | 1,364 | 100.59/cwt | 98.00–102.00 | 1,372 | 125 |
| Cows | Lean 85-90% | — | 1,313 | 95.81/cwt | 92.00–98.00 | 1,258 | 115 |
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 $1.99 for 7/22. Slaughter cows steady to 2.00 higher. Not enough slaughter bulls for accurate trends. Trade active with good demand. Excessive heat over the trade area affecting the movement of livestock. USDA's weekly FAS data showed beef bookings were 25.3k MT during the week that ended 7/21. That was a 6% increase wk/wk and a 66% increase from the 4-week average. South Korea and Japan were the top buyers for the week, each with over 7k MT. Beef shipments from the report were also 20.3k MT, again led by shipments to South Korea and Japan.
| Head | Wt range | Avg wt | Price range | Avg price |
|---|---|---|---|---|
| Heifers — Large 1$ per cwt · actual wt | ||||
| 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 | ||||
| 15 | — | 643 | 165.50–168.00 | 166.50 |
| 19 | — | 690 | 160.00 | 160.00 |
| Heifers — Medium and Large 2-3$ per cwt · actual wt | ||||
| 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 | ||||
| 7 | — | 805 | 133.00 | 133.00 |
| Steers — Large 1$ per cwt · actual wt | ||||
| 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 | ||||
| 15 | — | 685 | 177.50–180.00 | 178.86 |
| 5 | — | 455 | 179.00 | 179.00 |
| Steers — Large 1-2$ per cwt · actual wt | ||||
| 6 | — | 726 | 155.00 | 155.00 |
| Steers — Medium and Large 2-3$ per cwt · actual wt | ||||
| 10 | — | 589 | 115.00 | 115.00 |
| Dairy Heifers — Large 3$ per cwt · actual wt | ||||
| 7 | — | 873 | 99.50 | 99.50 |
| Head | Wt range | Avg wt | Price range | Avg price |
|---|---|---|---|---|
| Bulls$ per cwt · actual wt | ||||
| 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 | ||||
| 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 | ||||
| 125 | — | 1,364 | 98.00–102.00 | 100.59 |
| 115 | — | 1,313 | 92.00–98.00 | 95.81 |