Feeder cattle futures also strengthened, with the most active August contract hitting a one-week high as prices continued to strengthen in Midwest money markets.
Traders said they would be closely monitoring sales levels at grocery store MEAT counters over the long Memorial Day weekend and how that might impact retailers' Father's Day buying.
Expectations that a USDA report on Friday will show tight cattle supplies are also supporting prices, according to a survey of analysts conducted byREUTERS , As of May 1, the number of feeder cattle in the United States is estimated to be down 3.2 percent from a year ago.
"The supply situation is pretty well known at this point, unless there's a really big surprise in the report," said Dan Norcini, an independent livestock analyst.
Livestock traders also said they were monitoring news that Brazil had begun a 28-day bird flu surveillance period, which they hoped would show the country's poultry farms were free of the disease, which was seen as somewhat negative news for livestock futures.
WEEKLY COST OF CUT OUT CAT.CHOICE
CATTLE SALES
Sale of cattle, heads
Average weight
Week 20
Week 21
Growth per week,%
Week 20
Week 21
Growth per week,%
Bulls (live weight)
25 982
9 634
-62.9%
1,478
1 506
1.9%
Heifers (live weight)
9 153
5 899
-35.6%
1 310
1 344
2.6%
Bulls (slaughter weight)
7 566
6 458
-14.6%
971
975
0.4%
Heifers (slaughter weight)
1 626
3 465
113.1%
885
866
-2.1%
WEEKLY WEIGHTED AVERAGE BULL PRICE
BEEF PRODUCTION
Indicator
Week 21
Previous week
A year ago
Growth per week,%
Growth per year, %
Volume of cattle slaughter
557,000
566,000
602,000
-1.6%
-7.5%
Live weight
1,430
1 432
1 394
-0.1%
2.6%
Slaughter weight
874
875
851
-0.1%
2.7%
Beef Production (million pounds)
497,0
494,0
511,0
0.6%
-2.7%
WEEKLY CHOICE/SELECT PRICE SHOULDER
CME: Live Cattle Futures
Week 20
Week 21
Growth per week,%
June
212.23
215.80
1.7%
August
206.75
210.45
1.8%
October
203.98
208.10
2.0%
CME: Feeder Cattle Futures
August
297.60
300.38
0.9%
September
296.28
299.35
1.0%
October
296.45
297.35
0.3%
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