The hotly traded June live cattle contract fell 1.325 cents to 204.850 cents per pound. Feeder cattle futures followed the decline in live cattle, with the May contract falling 1.350 cents to 285.175 cents per pound.
The data fueled fears of weak U.S. economic growth and high inflation as the Trump administration hikes tariffs — news that traders feared could make consumers less willing to pay for more expensive cuts of beef.
Meanwhile, US consumer spending recovered less than expected in February, while core prices rose by the most in 13 months.
Cattle traders said there is also growing concern in the market that beef export demand could collapse under greater pressure if the Trump administration does impose additional tariffs next week.
The U.S. Department of Agriculture (USDA) reported that net U.S. beef export sales fell to their lowest level since late December last week following news that China had allowed hundreds of U.S. meatpacking plants to revoke their registrations allowing exports .
WEEKLY COST OF CUTLERY CUT.CHOICE
CATTLE SALES
Sale of cattle, heads
Average weight
Week 12
Week 13
Weekly growth,%
Week 12
Week 13
Weekly growth,%
Bulls (live weight)
3,569
1,513
Heifers (live weight)
1,247
1,358
Bulls (slaughter weight)
1,472
983
Heifers (slaughter weight)
713
822
WEEKLY WEIGHTED AVERAGE PRICE OF BULLS
BEEF PRODUCTION
Indicator
Week 13
Previous week
A year ago
Weekly growth,%
Growth per year, %
Volume of cattle slaughter
609,000
560,000
582,000
8.7%
4.6%
Live weight
1,430
1,431
1,398
-0.1%
2.3%
Slaughter weight
870
871
848
-0.1%
2.6%
Beef production (million pounds)
529.0
487.0
493.0
8.6%
7.3%
CME: Live Cattle Futures
Week 12
Week 13
Weekly growth,%
April
206.95
208.83
0.9%
June
202.78
204.85
1.0%
August
199.35
201.00
0.8%
CME: Feeder Cattle Futures
April
284.98
286.93
0.7%
May
285.10
285.18
0.0%
August
290.65
289.68
-0.3%
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