Fed cattle, feeder cattle, and lean hog prices sourced daily from USDA AMS MARS. Cattle Feeding Margin and Hog Finishing Margin computed automatically.
Fed and feeder cattle cash prices for the 15 major beef states. Updated daily from USDA AMS MARS.
Lean hog prices for the 12 major pork producing states. USDA AMS national weighted average plus regional basis.
GrainBrief computes live margin signals using USDA price data — the same numbers commercial feedlots run every morning.
Revenue from a 1,350 lb finished steer minus cost of a 750 lb feeder, 60 bushels of corn, and $140 in supplement and overhead. When CFM is negative, feedlots lose money at current prices.
(1,350 lb × live $/cwt) − (750 lb × feeder $/cwt) − (60 bu × corn $/bu) − $140
Revenue from a 270 lb market hog (74% dress) at lean hog prices minus feeder pig cost, corn, and soybean meal. Tracks the economic viability of farrow-to-finish operations.
(270 × 0.74 × lean $/cwt) − $55 feeder − (12 bu × corn) − (75 lb meal / 2000 × $/ton)
| Report | ID | Frequency | Coverage |
|---|---|---|---|
| National Daily Direct Slaughter Cattle | 2466 | Daily (Mon–Fri) | 5-area weighted avg, live + dressed |
| National Weekly Feeder Cattle Summary | 2489 | Weekly (Friday) | 500–800 lb steers, Iowa/S. MN |
| National Daily Direct Hog Prior Day | 2498 | Daily (Mon–Fri) | Barrows & gilts, national weighted avg |
| National Weekly Retail Beef/Pork | 2467 | Weekly | Choice beef, pork loin, ground beef |
| NDPSR Dairy | 2504 | Weekly | Class III milk, cheese, butter |
All data sourced from USDA Agricultural Marketing Service (AMS) via the MARS API. GrainBrief ingests reports daily at 06:00 UTC. Margin signals are derived calculations — not official USDA publications.
GrainBrief Pro delivers fed cattle, feeder cattle, lean hog, and margin signal updates every morning at 6:30 AM CT — before CME opens. Includes price history, trend alerts, and API access.
GrainBrief public pages show source context and plain-English interpretation. Subscriber views expose live ingest status, source cadence, and latest successful refresh by feed.