USA: Cattle market overview for the 22nd week of 2021

The cost of Choice MEAT in the US market fell by $1.57 in a week, the price of Select beef fell by $1.43. Choice/Select price leverage dropped to $27.25.

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 28.05.2021

as of 04.06.2021

Growth,%

as of 28.05.2021

as of 04.06.2021

Growth,%

as of 28.05.2021

as of 04.06.2021

Growth,%

Bulls (live weight)

30 340

19 001

-37.4%

1434

1442

0.6%

120

120

0.2%

Heifers (live weight)

11590

7529

-35.0%

1291

1293

0.2%

119.76

119.86

0.1%

Bulls (slaughter. weight)

11731

11101

-5.4%

926

929

0.3%

190.66

190.73

0.0%

Heifers (slaughter weight)

3761

2209

-41.3%

837

828

-1.1%

190.53

190.75

0.1%

WEEKLY WEIGHTED AVERAGE PRICE OF BULLS

BEEF PRODUCTION

 

as of 06/05/2021

A week earlier

A year ago

Growth per week,%

Growth per year,%

(approximately)

(approximately)

(actually)

Slaughter volume

538 000

629 000

628 000

-14.5%

-14.3%

Live weight

1365

1367

1 369

-0.1%

-0.3%

slaughter weight

825

825

828

0.0%

-0.4%

Beef production (million pounds)

443

518

518.9

-14.5%

-14.6%

 

 

CME, livestock futures

 

Week 21

Week 22

Growth per week,%

June

115.88

116.83

0.8%

August

118.60

118.08

-0.4%

October

123.70

124.05

0.3%

CME, fattening cattle futures

August

151.35

149.93

-0.9%

September

153.53

152.75

-0.5%

October

155.03

154.95

-0.1%