The Markets

The Choice beef cutout continues to hang in there with growing beef supplies, finishing up the week about $226, down only slightly from the end of the week before. The Choice-Select spread was about $23. Fed cattle prices popped up a couple dollars from the week before. Of note, no fed cattle trade was reported in Colorado due to confidentiality constraints in mandatory price reporting. This has been a growing concern for some time.
 
Week of
Week of
Week of
Data Source: USDA-AMS Market News
6/8/2018
6/1/2018
6/9/2017
 
 
 
$/cwt
 
5-Area Fed Steer
all grades, live weight
$114.66
$110.55
$136.07
all grades, dressed weight
$182.75
$177.35
$218.36
Boxed Beef
Choice Price, 600-900 lb.
$226.95
$227.99
$250.22
Choice-Select Spread
$22.48
$23.67
$30.38
700-800 lb. Feeder Steer
Montana 3-market
$155.00
$152.61
$162.20
Nebraska 7-market
$158.88
$155.94
$163.13
Oklahoma 8-market
$145.17
$142.92
$160.06
500-600 lb. Feeder Steer
Montana 3-market
$183.00
$181.95
$186.24
Nebraska 7-market
$185.76
$179.69
$192.09
Oklahoma 8-market
$164.44
$165.56
$173.74
Feed Grains
Corn, Omaha, NE, $/bu
$3.58
$3.74
$3.59
DDGS, Nebraska, $/ton
$150.00
$155.00
$101.00
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