The Markets

In the cash market, fed cattle traded higher for the week. Feeder cattle traded mostly higher, with some variation across weights and locations. Both live and feeder cattle futures price changes were mixed last week as trading continues in narrow ranges across expiration months. The volatility remains low in both markets, with some of the lowest implied volatility observed since September of 2014. The volatility is exceptionally low for the deferred live cattle contracts. Corn was up slightly for the week. Regionally, hay prices are relatively low and corn basis is relatively wide. Both trends are supportive of calf and feeder prices in the northern plains.
 
 
Week of
Week of
Week of
Data Source: USDA-AMS Market News
 
9/7/2018
8/31/2018
9/8/2017
 
 
 
$/cwt
 
5-Area Fed Steer
all grades, live weight
$107.67 
$107.18 
$104.92 
all grades, dressed weight
$170.25 
$169.59 
$166.13 
Boxed Beef
Choice Price, 600-900 lb.
$209.13 
$212.03 
$192.35 
Choice-Select Spread
$9.62 
$8.79 
$2.03 
700-800 lb. Feeder Steer
Montana 3-market
$151.72 
$150.50 
$158.00 
Nebraska 7-market
$165.69 
$157.01 
$161.24 
Oklahoma 8-market
$153.79 
$151.88 
$149.42 
500-600 lb. Feeder Steer
Montana 3-market
$180.00 
$162.50 
$159.62 
Nebraska 7-market
$174.18 
$182.46 
$167.43 
Oklahoma 8-market
$159.44 
$161.82 
$157.69 
Feed Grains
Corn, Omaha, NE, $/bu 
$3.33 
$3.18 
$3.20 
DDGS, Nebraska, $/ton
$132.50 
$139.00 
$108.00 
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