USA: Cattle market review for week 34 of 2023

“Due to the hot weather, performance was down and weight was down a bit,” says Matt Wiegand, risk management consultant at FuturesOne.

Northern Plains cattle sales were down $3.00 to $185.00 per cwt., while Southern Plains prices remained steady at $178.00 to $179.00 , according to the U.S. Department of Agriculture (USDA). per centner.

Weekly cattle slaughter reached 626,000 HEAD, down 7.67% from the same period a year ago, according to the USDA. Beef prices have increased   .

The USDA estimates the annual livestock total to be 21.179 million head, up from 22.107 million head last year.

WEEKLY COST OF CUTTINGS CAT.CHOICE

CATTLE SALES

Sale of livestock, heads

Average weight

Week 33

Week 34

Weekly growth,%

Week 33

Week 34

Weekly growth,%

Bulls (live weight)

27 600

10 138

-63.3%

1,467

1 480

0.9%

Heifers (live weight)

11,835

2,019

-82.9%

1 335

1 333

-0.1%

Steers (slaughter weight)

7,548

8 473

12.3%

942

930

-1.3%

Heifers (slaughter weight)

1,792

1 414

-21.1%

842

831

-1.3%

WEEKLY WEIGHTED AVERAGE PRICE OF CALLS

BEEF PRODUCTION

Index

Week 34

Week 33

Week 34 2022

Weekly growth,%

Growth over the year, %

Slaughter volume

626,000

616,000

678,000

1.6%

-7.7%

Live weight

1 348

1 345

1 354

0.2%

-0.4%

Slaughter weight

817

815

823

0.2%

-0.7%

Beef production (million pounds)

510.6

501.0

555.3

1.9%

-8.0%

CME: Live Cattle Futures

Week 33

Week 34

Weekly growth,%

August

178.53

180.68

1.2%

October

178.83

181.18

1.3%

December

183.18

185.13

1.1%

Feeder cattle futures

August

245.58

247.63

0.8%

September

248.53

251.20

1.1%

October

250.70

253.98

1.3%

You can find out more about the state of the cattle market in the usa (livestock prices, the cost of beef 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 for free as part of a subscription to monthly meat analytics Russian markets.