USA: Cattle market overview for the 10th week of 2021

Cattle prices continue to fall, which is reflected in the cost of MEAT category Choice, which fell by 80 cents. At the same time, Select block beef increased in price by $0.20 over the week. Slaughter, as well as beef production, decreased over the week, but on an annualized basis, the increase in cattle meat production reached 1.8% due to an increase in live weight.

Futures for the next April contract are trading flat, but contracts for the flying months are rising in price against news of a reduction in the number of cattle in Australia and other regions. However, this information has not yet been reflected in the contracts for fattening cattle, which continue to decline in price for the second week in a row.

WEEKLY CUT CHOICE COST

AVERAGE WEEKLY LIVESTOCK PRICE

Sale of livestock, heads

Average weight

average price

as of 05.03.2021

as of 12.03.2021

Growth,%

as of 05.03.2021

as of 12.03.2021

Growth,%

as of 05.03.2021

as of 12.03.2021

Growth,%

Bulls (live weight)

27 963

27 076

-3.2%

1456

1492

2.5%

114

114

0.0%

Heifers (live weight)

13048

16854

29.2%

1354

1366

0.9%

113.58

113.38

-0.2%

Bulls (slaughter. weight)

12398

10535

-15.0%

960

954

-0.6%

179.79

179.31

-0.3%

Heifers (slaughter weight)

3881

5487

41.4%

837

865

3.3%

179.96

179.6

-0.2%

WEEKLY WEIGHTED AVERAGE PRICE OF BULLS

BEEF PRODUCTION

as of 13.03.2021

A week earlier

A year ago

Growth per week,%

Growth per year,%

(approximately)

(approximately)

(actually)

Slaughter volume

647 000

665 000

641 000

-2.7%

0.9%

Live weight

1391

1398

1 374

-0.5%

1.2%

slaughter weight

838

843

831

-0.6%

0.8%

Beef production (million pounds)

541

559.2

531.2

-3.3%

1.8%

CME, livestock futures

Week 9

Week 10

Growth per week,%

April

119.15

119.00

-0.1%

June

117.85

120.43

2.2%

August

119.78

CME, fattening cattle futures

March

139.68

136.35

-2.4%

April

145.08

143.23

-1.3%

May

148.38