USA: Cattle market overview for the 13th week of 2023

The cash market fell from $168 to $173 on Friday. The bulk of trading this week was around $170 in the north and around $166 in the south. The CME Feed Cattle Index stood at $193.34 as of March 30, up 99 cents.

The USDA reported wholesale prices for boxed beef at $282.07, up $2.19 from a week earlier. The USDA estimated FI cattle slaughter at 651,000 in the week leading up to Saturday. This is 25,000 heads more in a week and 12,000 heads more than in the same week last year. Since the beginning of the year, slaughter is still 2.3% behind last year's pace.

WEEKLY CUT CHOICE COST

CATTLE SALES

Sale of livestock, heads

Average weight

Week 12

Week 13

Growth per week,%

Week 12

Week 13

Growth per week,%

Bulls (live weight)

30 061

29 415

-2.1%

1468

1467

-0.1%

Heifers (live weight)

13 303

13 587

2.1%

1 313

1 313

0.0%

Bulls (slaughter. weight)

10 005

11 027

10.2%

933

941

0.9%

Heifers (slaughter weight)

1608

1805

12.3%

822

831

1.1%

WEEKLY AVERAGE WEIGHTED PRICE OF GOBS BEEF PRODUCTION

Index

Week 13

Week 12

13 week 2022

Growth per week,%

Growth per year, %

Slaughter volume

651 000

626 000

639 000

4.0%

1.9%

Live weight

1 375

1 376

1 380

-0.1%

-0.4%

slaughter weight

825

825

832

0.0%

-0.8%

Beef production (million pounds)

535

519

526

3.1%

1.7%

CME: Live Cattle Futures

Week 12

Week 13

Growth per week,%

April

163.00

168.35

3.3%

June

156.60

162.13

3.5%

August

156.43

161.43

3.2%

Futures for fattening cattle

April

194.80

200.83

3.1%

May

197.55

205.25

3.9%

September

224.23

You can learn more about the state of the cattle market in the United States (cattle prices, beef prices by category, production dynamics) in the weekly reviews of the MEAT market in RUSSIA and in the world from Meatinfo.ru. Weekly reviews are available free of charge as part of a monthly meat analytics subscription. Russian markets.