Compared to last Tuesday at the same market, Stocker steers less than 550 lbs 4.00-7.00 lower, over 550 lbs 4.00-7.00 higher. Stocker heifers less than 600 lbs 1.00-3.00 lower, over 600 lbs 2.00-4.00 higher. Trade active with good demand both from ringside and internet buyers. On Tuesday feeder cattle futures were mostly higher on the day, gaining as much as 77 cents in the front months. October contracts closed with a 75 cent loss. The 10/11 CME Feeder Cattle Index bounced another 53 cents to $154.15. The monthly WASDE report saw 2021 beef output reaching 27.742 billion lbs. That was up from 27.17 billion in 2020, and a 90 million lb increase from the September forecast. Looking ahead to 2022, USDA increased the output from 26.875 billion to 26.995 billion. However, that came with a projected 6-yr low for Q3.
| Frame / muscle | Avg wt | $/cwt | $/head | Head |
|---|---|---|---|---|
| Medium and Large 1-2 | 567 | 158.32 | 898 | 654 |
| Large 1 | 743 | 144.59 | 1,074 | 162 |
| Small and Medium 1-2 | 613 | 140.51 | 861 | 158 |
| Small and Medium 2-3 | 463 | 137.00 | 634 | 45 |
| Large 1-2 | 790 | 127.37 | 1,006 | 19thin |
| Class | Grade / description | Weight | Avg wt | Price | Range | Per head | Head |
|---|---|---|---|---|---|---|---|
| Heifers | Medium and Large 1-2Full | — | 681 | 130.98/cwt | 130.00–132.00 | 892 | 18 |
| Heifers | Large 1 | — | 923 | 127.00/cwt | 127.00–127.00 | 1,172 | 56 |
| Heifers | Large 1 | — | 726 | 129.48/cwt | 125.00–134.00 | 940 | 16 |
| Heifers | Large 1 | — | 752 | 135.00/cwt | 135.00–135.00 | 1,015 | 16 |
| Heifers | Large 1 | — | 840 | 136.00/cwt | 136.00–136.00 | 1,142 | 29 |
| Heifers | Small and Medium 1-2 | — | 561 | 128.00/cwt | 128.00–128.00 | 718 | 11 |
| Steers | Medium and Large 1-2 | — | 681 | 148.58/cwt | 145.00–156.00 | 1,012 | 159 |
| Steers | Medium and Large 1-2 | — | 413 | 168.50/cwt | 168.50–168.50 | 696 | 6 |
| Steers | Small and Medium 1-2 | — | 680 | 139.06/cwt | 129.50–144.50 | 946 | 64 |
| Steers | Medium and Large 1-2 | — | 573 | 147.78/cwt | 145.00–155.00 | 847 | 71 |
| Steers | Large 1-2 | — | 845 | 120.50/cwt | 120.50–120.50 | 1,018 | 10 |
| Steers | Large 1 | — | 888 | 130.00/cwt | 130.00–130.00 | 1,154 | 11 |
| Steers | Medium and Large 1-2 | — | 615 | 146.44/cwt | 142.00–150.50 | 901 | 154 |
| Steers | Large 1 | — | 719 | 146.35/cwt | 140.00–150.00 | 1,052 | 112 |
| Steers | Small and Medium 1-2 | — | 540 | 150.00/cwt | 150.00–150.00 | 810 | 26 |
| Steers | Small and Medium 1-2 | — | 573 | 138.06/cwt | 134.50–142.00 | 791 | 59 |
| Steers | Medium and Large 1-2 | — | 389 | 189.00/cwt | 189.00–189.00 | 735 | 46 |
| Steers | Small and Medium 2-3 | — | 463 | 137.00/cwt | 137.00–137.00 | 634 | 45 |
| Steers | Medium and Large 1-2 | — | 529 | 164.88/cwt | 161.50–169.00 | 872 | 86 |
| Heifers | Small and Medium 1-2 | — | 518 | 128.00/cwt | 128.00–128.00 | 663 | 6 |
| Steers | Large 1-2 | — | 729 | 135.00/cwt | 135.00–135.00 | 984 | 9 |
| Heifers | Large 1-2 | — | 887 | 117.05/cwt | 114.00–119.00 | 1,038 | 36 |
| Heifers | Medium and Large 1-2 | — | 674 | 142.98/cwt | 136.00–145.50 | 964 | 108 |
| Steers | Large 1 | — | 769 | 143.66/cwt | 140.00–145.50 | 1,105 | 39 |
| Steers | Small and Medium 1-2 | — | 611 | 139.50/cwt | 139.50–139.50 | 852 | 9 |
| Heifers | Small and Medium 1-2 | — | 658 | 132.00/cwt | 132.00–132.00 | 869 | 9 |
| Steers | Medium and Large 1-2 | — | 465 | 174.16/cwt | 167.75–175.75 | 810 | 132 |
| Heifers | Medium and Large 1-2 | — | 339 | 158.00/cwt | 158.00–158.00 | 536 | 22 |
| Heifers | Medium and Large 1-2 | — | 626 | 140.60/cwt | 135.00–144.75 | 880 | 146 |
| Heifers | Small and Medium 1-2 | — | 484 | 133.36/cwt | 131.00–134.00 | 645 | 29 |
| Heifers | Medium and Large 1-2 | — | 480 | 136.32/cwt | 134.50–138.00 | 654 | 52 |
| Heifers | Medium and Large 1-2 | — | 576 | 133.14/cwt | 130.50–137.00 | 767 | 102 |
| Heifers | Medium and Large 1-2Thin Fleshed | — | 451 | 159.50/cwt | 159.50–159.50 | 719 | 7 |
| Heifers | Small and Medium 1-2 | — | 627 | 129.00/cwt | 129.00–129.00 | 809 | 11 |
| Heifers | Small and Medium 1-2 | — | 435 | 130.00/cwt | 130.00–130.00 | 566 | 41 |
| Heifers | Medium and Large 1-2 | — | 530 | 134.16/cwt | 130.50–137.00 | 711 | 69 |
| Heifers | Medium and Large 1-2 | — | 436 | 147.14/cwt | 142.00–148.00 | 642 | 77 |
Compared to last Tuesday at the same market, Stocker steers less than 550 lbs 4.00-7.00 lower, over 550 lbs 4.00-7.00 higher. Stocker heifers less than 600 lbs 1.00-3.00 lower, over 600 lbs 2.00-4.00 higher. Trade active with good demand both from ringside and internet buyers. On Tuesday feeder cattle futures were mostly higher on the day, gaining as much as 77 cents in the front months. October contracts closed with a 75 cent loss. The 10/11 CME Feeder Cattle Index bounced another 53 cents to $154.15. The monthly WASDE report saw 2021 beef output reaching 27.742 billion lbs. That was up from 27.17 billion in 2020, and a 90 million lb increase from the September forecast. Looking ahead to 2022, USDA increased the output from 26.875 billion to 26.995 billion. However, that came with a projected 6-yr low for Q3.
| Head | Wt range | Avg wt | Price range | Avg price |
|---|---|---|---|---|
| Heifers — Medium and Large 1-2 · Full$ per cwt · actual wt | ||||
| 18 | — | 681 | 130.00–132.00 | 130.98 |
| Heifers — Large 1$ per cwt · actual wt | ||||
| 56 | — | 923 | 127.00 | 127.00 |
| 16 | — | 726 | 125.00–134.00 | 129.48 |
| 16 | — | 752 | 135.00 | 135.00 |
| 29 | — | 840 | 136.00 | 136.00 |
| Heifers — Small and Medium 1-2$ per cwt · actual wt | ||||
| 11 | — | 561 | 128.00 | 128.00 |
| 6 | — | 518 | 128.00 | 128.00 |
| 9 | — | 658 | 132.00 | 132.00 |
| 29 | — | 484 | 131.00–134.00 | 133.36 |
| 11 | — | 627 | 129.00 | 129.00 |
| 41 | — | 435 | 130.00 | 130.00 |
| Heifers — Large 1-2$ per cwt · actual wt | ||||
| 36 | — | 887 | 114.00–119.00 | 117.05 |
| Heifers — Medium and Large 1-2$ per cwt · actual wt | ||||
| 108 | — | 674 | 136.00–145.50 | 142.98 |
| 22 | — | 339 | 158.00 | 158.00 |
| 146 | — | 626 | 135.00–144.75 | 140.60 |
| 52 | — | 480 | 134.50–138.00 | 136.32 |
| 102 | — | 576 | 130.50–137.00 | 133.14 |
| 69 | — | 530 | 130.50–137.00 | 134.16 |
| 77 | — | 436 | 142.00–148.00 | 147.14 |
| Heifers — Medium and Large 1-2 · Thin Fleshed$ per cwt · actual wt | ||||
| 7 | — | 451 | 159.50 | 159.50 |
| Steers — Medium and Large 1-2$ per cwt · actual wt | ||||
| 159 | — | 681 | 145.00–156.00 | 148.58 |
| 6 | — | 413 | 168.50 | 168.50 |
| 71 | — | 573 | 145.00–155.00 | 147.78 |
| 154 | — | 615 | 142.00–150.50 | 146.44 |
| 46 | — | 389 | 189.00 | 189.00 |
| 86 | — | 529 | 161.50–169.00 | 164.88 |
| 132 | — | 465 | 167.75–175.75 | 174.16 |
| Steers — Small and Medium 1-2$ per cwt · actual wt | ||||
| 64 | — | 680 | 129.50–144.50 | 139.06 |
| 26 | — | 540 | 150.00 | 150.00 |
| 59 | — | 573 | 134.50–142.00 | 138.06 |
| 9 | — | 611 | 139.50 | 139.50 |
| Steers — Large 1-2$ per cwt · actual wt | ||||
| 10 | — | 845 | 120.50 | 120.50 |
| 9 | — | 729 | 135.00 | 135.00 |
| Steers — Large 1$ per cwt · actual wt | ||||
| 11 | — | 888 | 130.00 | 130.00 |
| 112 | — | 719 | 140.00–150.00 | 146.35 |
| 39 | — | 769 | 140.00–145.50 | 143.66 |
| Steers — Small and Medium 2-3$ per cwt · actual wt | ||||
| 45 | — | 463 | 137.00 | 137.00 |