CME's most active June livestock contract rose 0.275 cents to 165.475 cents. June cattle futures rose 0.6% for the sixth week in a row.
US corn and wheat futures fell sharply last week to multi-month lows as fundamentals grew weaker and the need to meet future demand eased. Corn contracts for July and December hit their lowest level since July 2022.
WEEKLY CUT CHOICE COST
CATTLE SALES
Sale of livestock, heads
Average weight
Week 16
Week 17
Growth per week,%
Week 16
Week 17
Growth per week,%
Bulls (live weight)
24 883
31 719
27.5%
1443
1452
0.6%
Heifers (live weight)
10 988
11 085
0.9%
1 321
1 342
1.6%
Bulls (slaughter. weight)
9 801
10 063
2.7%
922
917
-0.5%
Heifers (slaughter weight)
3 300
5 566
68.7%
795
831
4.5%
WEEKLY WEIGHTED AVERAGE PRICE OF BULLS
BEEF PRODUCTION
Index
Week 17
Week 16
17 week 2022
Growth per week,%
Growth per year, %
Slaughter volume
620 000
622 000
647 000
-0.3%
-4.2%
Live weight
1 362
1 365
1 373
-0.2%
-0.8%
slaughter weight
821
821
829
0.0%
-1.0%
Beef production (million pounds)
507.9
509.7
535.0
-0.4%
-5.1%
CME: Live Cattle Futures
Week 16
Week 17
Growth per week,%
June
164.53
164.88
0.2%
August
163.55
162.65
-0.6%
October
167.78
167.00
-0.5%
Futures for fattening cattle
May
212.40
209.70
-1.3%
August
231.45
230.10
-0.6%
September
234.55
233.08
-0.6%
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.