USA: Cattle market overview for the 22nd week of 2022

 Livestock futures on the Chicago Mercantile Exchange (CME) topped a three-week high in the most active contracts on Friday before falling amid profit-taking ahead of the weekend. Fattener futures also topped a three-week high.

Strong demand for cattle from MEAT producers and declining U.S. stocks have helped support livestock futures, analysts said. Cattle numbers are shrinking amid a drought in the US and high feed prices.

World food prices declined in May for the second month in a row after a record high in March, although the cost of cereals rose and the meat price index reached a record high, the UN food agency said.

U.S. beef processors slaughtered about 126,000 cattle on Friday, up from 120,000 a week earlier and 120,000 a year earlier, according to the United States Department of Agriculture (USDA).

Deferred live stock futures strengthened, as did fattening stock futures. The fall in futures for grain on the Chicago Mercantile Exchange contributed to the growth in sales of livestock for fattening, brokers say.

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WEEKLY CUT CHOICE COST

CATTLE SALES

Sale of livestock, heads

Average weight

05/27/2022

06/03/2022

Growth per week,%

05/27/2022

06/03/2022

Growth,%

Bulls (live weight)

24 752

25 143

1.6%

1416

1414

-0.1%

Heifers (live weight)

10 351

11 533

11.4%

1 274

1 278

0.3%

Bulls (slaughter. weight)

9 222

10 050

9.0%

917

920

0.3%

Heifers (slaughter weight)

4 820

4224

-12.4%

819

828

1.1%

WEEKLY WEIGHTED AVERAGE PRICE OF BULLS

BEEF PRODUCTION

Slaughter volume

22 week

Week 22, 2021

Growth per year,%

Live weight

603 000

544 000

10.8%

slaughter weight

1358

1360

-0.1%

Beef production (million pounds)

820

822

-0.2%

Beef production (thousand tons)

493.3

446.1

10.6%

CME: Live Cattle Futures

Week 21

Week 22

Growth per week,%

June

132.18

133.60

1.1%

August

132.40

133.85

1.1%

October

138.05

139.70

1.2%

Futures for fattening cattle

August

166.33

173.88

4.5%

September

169.30

176.30

4.1%

October

171.83

178.28

3.8%

You can learn more about the state of the cattle market in the usa (cattle prices, beef prices by category, production dynamics) in the weekly reviews of the meat market in RUSSIA and in the world from Meatinfo.ru.

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