USA: Cattle market overview for the 27th week of 2023

Cattle traders have been keeping an eye on cash market activity at the feedlots, where fattened cattle traded rather sluggishly at $178 a quintal, below the bulk of cash market sales last week.

After falling over the past three weeks, cattle prices may remain under pressure this week due to a seasonal decline in demand for beef and lower margins for MEAT processors.

Feeder futures fell as corn prices rebounded from 2.5-year lows. August contracts closed 2.425 cents lower at 242.275 cents a pound.

WEEKLY CUT CHOICE COST

CATTLE SALES

Sale of livestock, heads

Average weight

Week 26

Week 27

Growth per week,%

Week 26

Week 27

Growth per week,%

Bulls (live weight)

8 761

16 499

88.3%

1 395

1418

1.6%

Heifers (live weight)

5 759

4 874

-15.4%

1 294

1 275

-1.5%

Bulls (slaughter. weight)

807

792

-1.9%

910

932

2.4%

Heifers (slaughter weight)

403

217

-46.2%

808

782

-3.2%

WEEKLY WEIGHTED AVERAGE PRICE OF BULLS

BEEF PRODUCTION

Index

Week 27

Week 26

27 week 2022

Growth per week,%

Growth per year, %

Slaughter volume

539 000

644 000

588 000

-16.3%

-8.3%

Live weight

1 340

1 343

1 349

-0.2%

-0.7%

slaughter weight

810

812

815

-0.2%

-0.6%

Beef production (million pounds)

435.5

521.8

478.3

-16.5%

-8.9%

CME: Live Cattle Futures

Week 26

Week 27

Growth per week,%

August

177.18

177.00

-0.1%

October

179.55

179.38

-0.1%

December

183.30

183.18

-0.1%

Futures for fattening cattle

August

247.58

242.60

-2.0%

September

250.83

245.73

-2.0%

October

252.53

247.53

-2.0%

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.