USA: 21 week 2021 cattle market overview

The cost of Choice MEAT in the US market rose by $0.99 in a week, the price of Select beef fell by $3.20. Choice/Select price leverage increased to $30.07.

U.S. livestock futures edged lower on Friday after a significant decline in grain and livestock markets, which analysts attribute to extended fund liquidations and technical selling from recent highs.

WEEKLY CUT CHOICE COST

AVERAGE WEEKLY LIVESTOCK PRICE

Sale of livestock, heads

Average weight

average price

as of 21.05.2021

as of 28.05.2021

Growth,%

as of 21.05.2021

as of 28.05.2021

Growth,%

as of 21.05.2021

as of 28.05.2021

Growth,%

Bulls (live weight)

28 043

30 340

8.2%

1448

1434

-1.0%

120

120

-0.1%

Heifers (live weight)

11761

11590

-1.5%

1281

1291

0.8%

119.44

119.76

0.3%

Bulls (slaughter. weight)

12441

11731

-5.7%

940

926

-1.5%

190.56

190.66

0.1%

Heifers (slaughter weight)

2092

3761

79.8%

829

837

1.0%

191.04

190.53

-0.3%

WEEKLY WEIGHTED AVERAGE PRICE OF BULLS

BEEF PRODUCTION

as of 29.05.2021

A week earlier

A year ago

Growth per week,%

Growth per year,%

(approximately)

(approximately)

(actually)

Slaughter volume

629 000

669 000

527 000

-6.0%

19.4%

Live weight

1367

1366

1 367

0.1%

0.0%

slaughter weight

825

825

826

0.0%

-0.1%

Beef production (million pounds)

518

550.7

434.5

-5.9%

19.2%

CME, livestock futures

Week 20

Week 21

Growth per week,%

June

117.68

115.88

-1.5%

August

120.93

118.60

-1.9%

October

125.05

123.70

-1.1%

CME, fattening cattle futures

August

153.70

151.35

-1.5%

September

154.90

153.53

-0.9%

October

155.03