What is the actual feeder cattle price?

For months in which a CME Group feeder cattle futures contract expires, the actual feeder cattle price is the simple average of the daily settlement prices in the last three trading days prior to the contract expiration date, expressed in dollars per hundredweight.

How much are Feeder calves worth?

If you are not able to find a local average, use sources like the USDA Agricultural Marketing Service Feeder Cattle Report to determine the current value of feeder calves. For example, in this cattle report, beef calves weighing between 600 and 700 pounds were averaging approximately $144 per hundredweight, or $864 for a 600 pound calf.

What was the price of feeder cattle on Tuesday?

Dressed prices were at $197-$198. Feeder Cattle futures closed an average of $3.03 higher across the board Tuesday, taking advantage of the wide berth opened by Corn futures. That helped support Live Cattle, despite the decline in wholesale beef prices, in tandem with climbing retail prices that could challenge demand.