Compared to last Thursday, stocker and feeder cattle weak in a light test. Front month feeder cattle futures closed mostly weaker, with losses limited to 87 cents in the front months. The 10/18 CME Feeder Cattle Index was $172.03, down by 24 cents. Slaughter cows steady to 2.00 lower with most decline on lean cows. Slaughter bulls weak in a light test. Trade active with light to moderate demand. Going into the CoF report, analysts expect an average of 0.9% fewer cattle in 1,000+ head feedlots for 10/1 when compared with 10/1/21. The implied cattle inventory is 11.46, with a full range of even yr/yr and 1.8% lower yr/yr. September placements on average are estimated to be down 5.6% yr/yr. Trader estimates have September marketings up 4% from Sep '21.
| Frame / muscle | Avg wt | $/cwt | $/head | Head |
|---|---|---|---|---|
| Medium and Large 1-2 | 566 | 159.43 | 902 | 86 |
| Small and Medium 2-3 | 486 | 157.62 | 766 | 14thin |
| Large 1 | 901 | 152.71 | 1,376 | 58 |
| Small and Medium 1-2 | 504 | 146.59 | 739 | 25 |
| Class | Grade | Dressing | Avg wt | $/cwt | $/head | Head |
|---|---|---|---|---|---|---|
| Bulls | — | Average | 1,952 | 97.20 | 1,897 | 14 |
| Cows | Breaker 75-80% | Low | 1,682 | 80.55 | 1,355 | 13 |
| Cows | Boner 80-85% | Average | 1,469 | 74.08 | 1,088 | 438 |
| Cows | Lean 85-90% | Low | 1,381 | 71.80 | 992 | 408 |
| Steers | Select and Choice | Average | 1,663 | 135.00 | 2,245 | 6thin |
| Class | Grade / description | Weight | Avg wt | Price | Range | Per head | Head |
|---|---|---|---|---|---|---|---|
| Bulls | Medium and Large 1-2 | — | 644 | 140.00/cwt | 140.00–140.00 | 902 | 5 |
| Bulls | Small and Medium 2-3 | — | 599 | 102.50/cwt | 102.50–102.50 | 614 | 10 |
| Heifers | Large 1 | — | 777 | 155.50/cwt | 155.50–155.50 | 1,208 | 7 |
| Heifers | Medium and Large 1-2 | — | 359 | 170.00/cwt | 170.00–170.00 | 610 | 7 |
| Heifers | Large 1 | — | 988 | 150.75/cwt | 150.75–150.75 | 1,489 | 30 |
| Heifers | Small and Medium 2-3 | — | 486 | 157.62/cwt | 155.00–161.00 | 766 | 14 |
| Steers | Medium and Large 1-2 | — | 662 | 167.64/cwt | 166.00–169.00 | 1,110 | 13 |
| Steers | Large 1 | — | 717 | 169.66/cwt | 169.00–170.50 | 1,216 | 14 |
| Heifers | Medium and Large 1-2 | — | 523 | 155.00/cwt | 155.00–155.00 | 811 | 21 |
| Steers | Large 1Full | — | 740 | 156.00/cwt | 156.00–156.00 | 1,154 | 7 |
| Steers | Large 1 | — | 985 | 151.50/cwt | 151.50–151.50 | 1,492 | 18 |
| Steers | Medium and Large 1-2 | — | 626 | 169.50/cwt | 166.00–173.00 | 1,061 | 22 |
| Dairy Heifers | Large 3 | — | 1,368 | 117.00/cwt | 117.00–117.00 | 1,601 | 5 |
| Steers | Large 1-2 | — | 742 | 160.00/cwt | 160.00–160.00 | 1,187 | 11 |
| Heifers | Medium and Large 1-2 | — | 487 | 170.00/cwt | 170.00–170.00 | 828 | 8 |
| Heifers | Small and Medium 1-2 | — | 564 | 140.00/cwt | 140.00–140.00 | 790 | 8 |
| Heifers | Small and Medium 1-2 | — | 462 | 152.25/cwt | 150.00–155.00 | 703 | 11 |
| Steers | Small and Medium 1-2 | — | 668 | 161.00/cwt | 161.00–161.00 | 1,075 | 8 |
| Steers | Medium and Large 1 | — | 668 | 179.00/cwt | 179.00–179.00 | 1,196 | 6 |
| Heifers | Medium and Large 1-2 | — | 668 | 158.00/cwt | 158.00–158.00 | 1,055 | 6 |
| Heifers | Large 1 | — | 905 | 155.00/cwt | 155.00–155.00 | 1,403 | 12 |
| Heifers | Small and Medium 1-2 | — | 501 | 145.00/cwt | 145.00–145.00 | 726 | 6 |
| Heifers | Medium and Large 1-2 | — | 620 | 158.13/cwt | 156.00–162.50 | 980 | 44 |
| Steers | Large 1 | — | 1,136 | 149.00/cwt | 149.00–149.00 | 1,693 | 14 |
| Steers | Medium and Large 1-2 | — | 536 | 190.00/cwt | 190.00–190.00 | 1,018 | 8 |
| Heifers | Large 1 | — | 703 | 154.00/cwt | 154.00–154.00 | 1,083 | 9 |
| Bulls | — | — | 1,936 | 95.51/cwt | 90.00–98.50 | 1,849 | 11 |
| Bulls | — | — | 2,010 | 103.39/cwt | 102.50–105.50 | 2,078 | 3 |
| Cows | Boner 80-85%Return to Feed | — | 1,177 | 80.36/cwt | 78.50–82.75 | 946 | 14 |
| Cows | Boner 80-85%Return to Feed | — | 1,098 | 83.75/cwt | 83.75–83.75 | 920 | 4 |
| Cows | Breaker 75-80% | — | 1,531 | 77.00/cwt | 77.00–77.00 | 1,179 | 4 |
| Cows | Lean 85-90% | — | 1,354 | 69.27/cwt | 67.00–71.00 | 938 | 195 |
| Cows | Lean 85-90%Certified Prgms | — | 1,430 | 79.00/cwt | 79.00–79.00 | 1,130 | 8 |
| Cows | Boner 80-85% | — | 1,507 | 76.06/cwt | 73.00–78.00 | 1,146 | 215 |
| Cows | Boner 80-85% | — | 1,456 | 71.39/cwt | 69.00–73.00 | 1,039 | 205 |
| Cows | Breaker 75-80% | — | 1,749 | 82.13/cwt | 80.00–86.00 | 1,436 | 9 |
| Cows | Lean 85-90% | — | 1,405 | 73.92/cwt | 71.00–76.00 | 1,039 | 205 |
| Steers | Select and Choice | — | 1,663 | 135.00/cwt | 135.00–135.00 | 2,245 | 6 |
Compared to last Thursday, stocker and feeder cattle weak in a light test. Front month feeder cattle futures closed mostly weaker, with losses limited to 87 cents in the front months. The 10/18 CME Feeder Cattle Index was $172.03, down by 24 cents. Slaughter cows steady to 2.00 lower with most decline on lean cows. Slaughter bulls weak in a light test. Trade active with light to moderate demand. Going into the CoF report, analysts expect an average of 0.9% fewer cattle in 1,000+ head feedlots for 10/1 when compared with 10/1/21. The implied cattle inventory is 11.46, with a full range of even yr/yr and 1.8% lower yr/yr. September placements on average are estimated to be down 5.6% yr/yr. Trader estimates have September marketings up 4% from Sep '21.
| Head | Wt range | Avg wt | Price range | Avg price |
|---|---|---|---|---|
| Bulls — Medium and Large 1-2$ per cwt · actual wt | ||||
| 5 | — | 644 | 140.00 | 140.00 |
| Bulls — Small and Medium 2-3$ per cwt · actual wt | ||||
| 10 | — | 599 | 102.50 | 102.50 |
| Heifers — Large 1$ per cwt · actual wt | ||||
| 7 | — | 777 | 155.50 | 155.50 |
| 30 | — | 988 | 150.75 | 150.75 |
| 12 | — | 905 | 155.00 | 155.00 |
| 9 | — | 703 | 154.00 | 154.00 |
| Heifers — Medium and Large 1-2$ per cwt · actual wt | ||||
| 7 | — | 359 | 170.00 | 170.00 |
| 21 | — | 523 | 155.00 | 155.00 |
| 8 | — | 487 | 170.00 | 170.00 |
| 6 | — | 668 | 158.00 | 158.00 |
| 44 | — | 620 | 156.00–162.50 | 158.13 |
| Heifers — Small and Medium 2-3$ per cwt · actual wt | ||||
| 14 | — | 486 | 155.00–161.00 | 157.62 |
| Heifers — Small and Medium 1-2$ per cwt · actual wt | ||||
| 8 | — | 564 | 140.00 | 140.00 |
| 11 | — | 462 | 150.00–155.00 | 152.25 |
| 6 | — | 501 | 145.00 | 145.00 |
| Steers — Medium and Large 1-2$ per cwt · actual wt | ||||
| 13 | — | 662 | 166.00–169.00 | 167.64 |
| 22 | — | 626 | 166.00–173.00 | 169.50 |
| 8 | — | 536 | 190.00 | 190.00 |
| Steers — Large 1$ per cwt · actual wt | ||||
| 14 | — | 717 | 169.00–170.50 | 169.66 |
| 18 | — | 985 | 151.50 | 151.50 |
| 14 | — | 1,136 | 149.00 | 149.00 |
| Steers — Large 1 · Full$ per cwt · actual wt | ||||
| 7 | — | 740 | 156.00 | 156.00 |
| Steers — Large 1-2$ per cwt · actual wt | ||||
| 11 | — | 742 | 160.00 | 160.00 |
| Steers — Small and Medium 1-2$ per cwt · actual wt | ||||
| 8 | — | 668 | 161.00 | 161.00 |
| Steers — Medium and Large 1$ per cwt · actual wt | ||||
| 6 | — | 668 | 179.00 | 179.00 |
| Dairy Heifers — Large 3$ per cwt · actual wt | ||||
| 5 | — | 1,368 | 117.00 | 117.00 |
| Head | Wt range | Avg wt | Price range | Avg price |
|---|---|---|---|---|
| Bulls$ per cwt · actual wt | ||||
| 11 | — | 1,936 | 90.00–98.50 | 95.51 |
| 3 | — | 2,010 | 102.50–105.50 | 103.39 |
| Cows — Boner 80-85% · Return to Feed$ per cwt · actual wt | ||||
| 14 | — | 1,177 | 78.50–82.75 | 80.36 |
| 4 | — | 1,098 | 83.75 | 83.75 |
| Cows — Breaker 75-80%$ per cwt · actual wt | ||||
| 4 | — | 1,531 | 77.00 | 77.00 |
| 9 | — | 1,749 | 80.00–86.00 | 82.13 |
| Cows — Lean 85-90%$ per cwt · actual wt | ||||
| 195 | — | 1,354 | 67.00–71.00 | 69.27 |
| 205 | — | 1,405 | 71.00–76.00 | 73.92 |
| Cows — Lean 85-90% · Certified Prgms$ per cwt · actual wt | ||||
| 8 | — | 1,430 | 79.00 | 79.00 |
| Cows — Boner 80-85%$ per cwt · actual wt | ||||
| 215 | — | 1,507 | 73.00–78.00 | 76.06 |
| 205 | — | 1,456 | 69.00–73.00 | 71.39 |
| Steers — Select and Choice$ per cwt · actual wt | ||||
| 6 | — | 1,663 | 135.00 | 135.00 |