USA: Cattle market overview for the 18th week of 2021

11.05.2021
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USA: Cattle market overview for the 18th week of 2021
Photo is illustrative in nature. From open sources.

The cost of Choice MEAT in the US market rose by $3.23 in a week, the price of Select beef added $3.49. Choice/Select leverage increased to $15.35.

US livestock futures edged higher on May 10 as livestock processing picked up on high beef prices.

REUTERS reports that fattening contracts have risen due to shortages in stocks and declining trade in corn.

Daily cattle slaughter increased to 119,000 on Monday, up 5,000 from a week earlier. Beef processors have achieved high margins thanks to strong consumer demand.

WEEKLY CUT CHOICE COST

AVERAGE WEEKLY LIVESTOCK PRICE

 

Sale of livestock, heads

 

 

Average weight

 

average price

 

 

as of 03.05.2021

as of 05/10/2021

Growth,%

as of 03.05.2021

as of 05/10/2021

Growth,%

as of 03.05.2021

as of 05/10/2021

Growth,%

Bulls (live weight)

26 115

26 311

0.8%

1496

1450

-3.1%

121

118

-2.5%

Heifers (live weight)

11067

13397

21.1%

1306

1308

0.2%

120.95

118.2

-2.3%

Bulls (slaughter. weight)

8776

14252

62.4%

942

933

-1.0%

192.11

188.53

-1.9%

Heifers (slaughter weight)

2340

3133

33.9%

836

840

0.5%

192.5

188.63

-2.0%

WEEKLY WEIGHTED AVERAGE PRICE OF BULLS

BEEF PRODUCTION

 

as of 04.05.2021

A week earlier

A year ago

Growth per week,%

Growth per year,%

(approximately)

(approximately)

(actually)

Slaughter volume

638 000

649 000

476 000

-1.7%

34.0%

Live weight

1370

1372

1 369

-0.1%

0.1%

slaughter weight

828

830

820

-0.2%

1.0%

Beef production (million pounds)

527.3

550.2

388.9

-4.2%

35.6%

 

CME, livestock futures

 

Week 17

Week 18

Growth per week,%

April

117.85

118.23

0.3%

June

115.73

120.35

4.0%

August

116.85

124.55

6.6%

CME, fattening cattle futures

March

133.85

135.45

1.2%

April

137.68

148.70

8.0%

May

149.90

150.08

0.1%

 

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