USA: Cattle market overview for the 26th week of 2022

Futures of the Chicago Mercantile Exchange (CME) group of cattle in the US traded in different directions.

Livestock futures hit multi-week lows and ended trading mixed as economic concerns largely offset support from a sharp decline in corn feed prices and stress heat on the US plains.

Quotes fell sharply on Thursday after US data showed that consumer spending rose less than expected in May. “Today we talked more about the overall macroeconomic performance,” says Ted Seyfried, chief agricultural strategist at Zaner Group.

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WEEKLY CUT CHOICE COST

CATTLE SALES

Sale of livestock, heads

Average weight

06/24/2022

07/01/2022

Growth per week,%

06/24/2022

07/01/2022

Growth,%

Bulls (live weight)

32 708

23 746

-27.4%

1419

1445

1.8%

Heifers (live weight)

13 035

12 045

-7.6%

1 281

1 289

0.6%

Bulls (slaughter. weight)

14 861

8 454

-43.1%

918

919

0.1%

Heifers (slaughter weight)

5 307

2161

-59.3%

843

813

-3.6%

WEEKLY WEIGHTED AVERAGE PRICE OF BULLS

BEEF PRODUCTION

Slaughter volume

26 week

Week 26, 2021

Growth per year,%

Live weight

636 000

628 000

1.3%

slaughter weight

1343

1347

-0.3%

Beef production (million pounds)

810

816

-0.7%

Beef production (thousand tons)

514.5

512.0

0.5%

CME: Live Cattle Futures

Week 25

Week 26

Growth per week,%

August

133.38

134.60

0.9%

October

139.75

139.98

0.2%

December

144.88

145.78

0.6%

Futures for fattening cattle

August

172.50

174.50

1.2%

September

175.08

177.65

1.5%

October

177.08

180.45

1.9%

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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