USA: Cattle market overview for the 2nd week of 2022

USA: Cattle market overview for the 2nd week of 2022
Photo is illustrative in nature. From open sources.

Wholesale prices for block beef showed positive dynamics, according to the USDA . The cost of Choice MEAT in the US market rose by $12.49 over the past week, the price of Select beef rose by $12.87. Choice/Select leverage increased to $10.34.

Beef processors' margin rose to $344.40 per HEAD of cattle on Thursday from $323.95 on Wednesday and $225.35 per head a week ago, according to HedgersEdge.com.

Live cattle futures on the CME are rising in price. However, March feedstock futures declined as grain and soybean prices fell. Traders remain concerned that a highly contagious variant of the cornavirus is causing more staff shortages, limiting livestock slaughter.

Hospitalizations due to covid-19 in the United States increased by about 33% and deaths rose by about 40% from a week earlier, the head of the U.S. Centers for Disease Control and Prevention said Wednesday.

Meat processing, hard hit by the pandemic in 2020, is among the sectors that have been hit hardest by the surge in CORONAVIRUS outbreaks among workers.

Now the slaughter of cattle is estimated at about 3% less than last year.

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AVERAGE WEEKLY LIVESTOCK PRICE

 

 

Sale of livestock, heads

Average weight

average price

01/07/2022

01/14/2022

Growth per week,%

01/07/2022

01/14/2022

Growth,%

01/07/2022

01/14/2022

Growth,%

Bulls (live weight)

12 398

18 333

47.9%

1484

1478

-0.4%

138.6

137

-1.4%

Heifers (live weight)

3 765

7 308

94.1%

1 341

1 322

-1.4%

138.5

136

-1.4%

Bulls (slaughter. weight)

9 305

9 695

4.2%

967

969

0.2%

220.0

218

-0.9%

Heifers (slaughter weight)

3660

2402

-34.4%

856

864

0.9%

220.0

218

-0.9%

 

BEEF PRODUCTION

Slaughter volume

2 weeks

1 week 2022

2nd week 2021

Growth per week,%

Growth per year,%

Live weight

621 000

620 000

652 000

0.2%

-4.8%

slaughter weight

1397

1394

1403

0.22%

-0.4%

Beef production (million pounds)

843.0

841

847

0.2%

-0.5%

Beef production (thousand tons)

521.9

519.9

550.8

0.4%

-5.2%

 

CME, Livestock Futures

 

Week 1

Week 2

Growth per week,%

February

137.35

137.98

0.5%

April

142.05

142.13

0.1%

June

137.70

137.63

-0.1%

CME, Fattener Cattle Futures

January

162.10

162.70

0.4%

March

167.28

166.38

-0.5%

April

170.88

170.35

-0.3%

 

 

 

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