August feedstock contracts on the CME rose 3.275 cents to 233.95 cents a pound, above the 40-day moving average. The contract closed at a session high of 235.15 cents after it ran into resistance as it approached its 30-day moving average. Underlying CME August livestock fell 0.375 cents to 170.775 cents a pound, falling below its 20-day moving average.
The USDA said on Friday morning that beef EXPORT sales for the week ended June 15 were 13,300 metric tons, up slightly from the 13,000 metric tons reported a week earlier.
After the close of trading , the US Department of Agriculture reported that the number of fattening cattle as of June 1 was 97.0% compared to last year. Analysts had expected 96.8%. The number of cattle fed during May was 105.0% of the total for May 2022. This is more or less in line with market forecasts - 101.7%.
WEEKLY CUT CHOICE COST
CATTLE SALES
Sale of livestock, heads
Average weight
Week 24
Week 25
Growth per week,%
Week 24
Week 25
Growth per week,%
Bulls (live weight)
9 618
30 249
214.5%
1461
1431
-2.1%
Heifers (live weight)
2572
12 172
373.3%
1 324
1 276
-3.6%
Bulls (slaughter. weight)
8 538
5091
-40.4%
929
912
-1.8%
Heifers (slaughter weight)
3028
1700
-43.9%
836
822
-1.7%
WEEKLY WEIGHTED AVERAGE PRICE OF BULLS
BEEF PRODUCTION
Index
Week 25
Week 24
25 week 2022
Growth per week,%
Growth per year, %
Slaughter volume
649 000
634 000
665 000
2.4%
-2.4%
Live weight
1 347
1 350
1 340
-0.2%
0.5%
slaughter weight
813
815
811
-0.2%
0.2%
Beef production (million pounds)
526.6
515.7
537.8
2.1%
-2.1%
CME: Live Cattle Futures
Week 24
Week 25
Growth per week,%
June
178.35
177.50
-0.5%
August
171.73
170.78
-0.6%
October
175.35
174.50
-0.5%
Futures for fattening cattle
August
234.93
233.95
-0.4%
September
238.18
237.70
-0.2%
October
240.30
240.15
-0.1%
You can learn more about the state of the cattle market in the United States ( 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. Weekly reviews are available free of charge as part of a monthly meat analytics subscription . Russian markets.