Cash traded fed cattle were higher this week. The five-area fed steer price for the week of November 10 – November 17 averaged $107.92 for live sales, and $169.92 for dressed; respectively, up $5.20 and $10.92. Total volume sold was up 19,000 head from a week ago and up 58,000 head from last year.
Feeder steer cattle and calves were higher across the U.S. this week. Oklahoma City 500-550 pound steers were up $9.00, averaging $146.14 while 750-800 pound steers were up $2.00 averaging $127.54. In Mississippi auctions, lighter weight feeders weighing 450-500 pounds were averaging $128.00, up $1.50 from a week ago, while heavy steers were averaging $102.50, up $4.50 from last week.
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Live cattle futures and feeder futures were higher this week. December live cattle were up $2.60 on the week and $21.33 lower than a year ago at $108.30, while April live cattle were up $2.85 from last week and down $23.50 from a year ago at $109.00. Feeder cattle were higher this week with January futures up $4.33 from last Friday and down $37.60 from a year ago at $125.38 while March futures are up $3.60 on the week at $121.10. December corn futures are up $0.06 from a week ago at $3.46 while March futures are also up $0.04.
Wholesale boxed beef prices are lower compared to a week ago. Choice boxes averaged $182.98, down $2.49 from a week ago. Select boxes ended the week with an average of $167.63, down $2.59 from last week. The choice-select spread widened from $15.25 a week ago to $15.35 this week.
Note: all cattle and beef prices are quoted in dollars per hundredweight and corn prices are quoted in dollars per bushel, unless stated otherwise.