
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%