USA: Cattle market review for week 39 from October 2, 2023
Photo is illustrative in nature. From open sources.
Commitment of Traders data showed live cattle traders had a net contract length of 101,860 as of September 26. This is 1141 contracts weaker for the week.
Wholesale beef prices fell Friday afternoon, with Choice falling 73 cents and Select falling $1.40 . The Chc/Sel spread was $24.74. Federally controlled cattle slaughter for the week was estimated at 612,000 HEAD through Saturday . This is a reduction of 13 thousand heads per week and 55 thousand less than in the same week last year.
Cold storage MEAT inventory statistics for August were released by the US Department of Agriculture (NASS) last week. Total red meat inventories were 920.5 million pounds, down 15.4% from last year. Cold storage beef inventories totaled 421.6 million pounds, down 17.9% from last year. Compared to a year earlier, boneless beef and beef cuts inventories fell 17.1% and 25.2%, respectively, to 383.2 million and 38.4 million pounds.
WEEKLY COST OF CUTTINGS CAT.CHOICE
CATTLE SALES
Sale of livestock, heads
Average weight
Week 38
Week 39
Weekly growth,%
Week 38
Week 39
Weekly growth,%
Bulls (live weight)
21,396
19,482
-8.9%
1 468
1 456
-0.8%
Heifers (live weight)
9 364
11265
20.3%
1 304
1 326
1.7%
Steers (slaughter weight)
10,027
9554
-4.7%
949
967
1.9%
Heifers (slaughter weight)
3 283
1231
-62.5%
840
836
-0.5%
WEEKLY WEIGHTED AVERAGE PRICE OF CALLS
BEEF PRODUCTION
Index
Week 39
Week 38
Week 39 2022
Weekly growth,%
Growth over the year, %
Slaughter volume
612,000
625,000
667,000
-2.1%
-8.2%
Live weight
1 361
1 358
1 371
0.2%
-0.7%
Slaughter weight
827
826
831
0.1%
-0.5%
Beef production (million pounds)
505.1
515.0
553.2
-1.9%
-8.7%
CME: Live Cattle Futures
Week 38
Week 39
Weekly growth,%
October
187.08
184.20
-1.5%
December
191.35
187.93
-1.8%
February
195.55
192.50
-1.6%
Feeder cattle futures
September
254.10
252.48
-0.6%
October
259.15
254.90
-1.6%
November
263.53
258.05
-2.1%
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.
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