USA: Cattle market overview for the 30th week of 2023

The USDA said Thursday morning that beef EXPORT sales rose to 21,400 metric tons for the week ended July 20, up from 20,900 metric tons the previous week.

“While exports have been decent, what we are seeing today is market uncertainty as to whether the cattle futures market is going to rise to get closer to the cash market,” said Carl Setzer, HEAD of broker research at Mid. -Co.  

While daily cattle slaughter figures remained stable on Thursday, MEAT processors' margins remained in the red.

Meatpackers in Denver lost roughly $77.90 per head of cattle on Thursday, more than on Wednesday and more than a week earlier, according to advisory service HedgersEdge.com LLC. The declining US cattle population continues to support the market.

WEEKLY CUT CHOICE COST

CATTLE SALES

Sale of livestock, heads

Average weight

Week 29

Week 30

Growth per week,%

Week 29

Week 30

Growth per week,%

Bulls (live weight)

8 542

3 354

-60.7%

1464

1501

2.5%

Heifers (live weight)

2520

989

-60.8%

1310

1 356

3.5%

Bulls (slaughter. weight)

2561

366

-85.7%

932

916

-1.7%

Heifers (slaughter weight)

521

91

-82.5%

807

821

1.7%

WEEKLY WEIGHTED AVERAGE PRICE OF BULLS

BEEF PRODUCTION

Index

Week 30

Week 29

30 week 2022

Growth per week,%

Growth per year, %

Slaughter volume

619 000

628 000

666 000

-1.4%

-7.1%

Live weight

1 344

1 343

1 344

0.1%

0.0%

slaughter weight

813

812

813

0.1%

0.0%

Beef production (million pounds)

502.5

509.2

540.6

-1.3%

-7.0%

CME: Live Cattle Futures

Week 29

Week 30

Growth per week,%

August

180.03

178.15

-1.0%

October

181.90

179.60

-1.3%

December

185.18

183.60

-0.9%

Futures for fattening cattle

August

245.93

245.60

-0.1%

September

249.28

248.98

-0.1%

October

250.48

251.00

0.2%

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.