USA: Cattle market overview for the 17th week of 2023

02.05.2023
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USA: Cattle market overview for the 17th week of 2023
Photo is illustrative in nature. From open sources.

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.

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