USA: Cattle market overview for the 15th week of 2021

USA: Cattle market overview for the 15th week of 2021
Photo is illustrative in nature. From open sources.

The cost of Choice MEAT in the US market fell by $0.57 over the week, the price of Select beef rose by $0.67. Choice/Select leverage has dropped to $6.95.

Traders said weekly US beef EXPORT sales were disappointing at 15,700 tons. This was down 14% from the previous week and down 23% from the previous four weeks' average, according to the USDA.

June CME livestock fell 0.400 cents to 119.650 cents a pound. May feedstock futures fell 1 cent to 144.425 cents a pound, hitting their lowest price since May 19, 2020.

Beef processor Cargill said about 4,600 cattle were slaughtered at its plant in Dodge City, Kansas on Thursday, about 11.5% less than usual. A day earlier, the company said the facility was experiencing technical issues with its automated delivery system.

Operations should return to normal on Monday, Cargill said.

Overall, according to the USDA, meat processors sent 114,000 cattle for slaughter on Thursday, up from 119,000 a week earlier.

WEEKLY CUT CHOICE COST

AVERAGE WEEKLY LIVESTOCK PRICE

 

Sale of livestock, heads

 

 

Average weight

 

average price

 

 

as of 09.04.2021

as of 04/16/2021

Growth,%

as of 09.04.2021

as of 04/16/2021

Growth,%

as of 09.04.2021

as of 04/16/2021

Growth,%

Bulls (live weight)

14 563

23 153

59.0%

1470

1433

-2.5%

117

122

3.8%

Heifers (live weight)

9176

8357

-8.9%

1297

1295

-0.2%

117.18

121.11

3.4%

Bulls (slaughter. weight)

7519

15161

101.6%

956

940

-1.7%

188.68

195.63

3.7%

Heifers (slaughter weight)

1239

7688

520.5%

849

851

0.2%

189.06

195.85

3.6%

WEEKLY WEIGHTED AVERAGE PRICE OF BULLS

BEEF PRODUCTION

 

 

as of 04/17/2021

A week earlier

A year ago

Growth per week,%

Growth per year,%

(approximately)

(approximately)

(actually)

Slaughter volume

640 000

641 000

486 000

-0.2%

31.7%

Live weight

1375

1375

1 358

0.0%

1.3%

slaughter weight

830

830

816

0.0%

1.7%

Beef production (million pounds)

530.2

530.9

395.6

-0.1%

34.0%

 

 

CME, livestock futures

 

Week 14

Week 15

Growth per week,%

April

120.03

120.85

0.7%

June

122.55

119.18

-2.7%

August

121.53

119.15

-2.0%

CME, fattening cattle futures

March

143.88

139.63

-3.0%

April

149.23

143.73

-3.7%

May

158.00

154.55

-2.2%

 

 

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