USA: Cattle market overview for the 9th week of 2021

Cattle futures were solid, with profitable buying noted after April livestock contracts hit a month low.

At the same time, livestock prices continue to decline, which was reflected in the cost of Choice MEAT, which fell 25 cents in price. At the same time, Select block beef increased in price by $2.28 over the week.

WEEKLY CUT CHOICE COST

AVERAGE WEEKLY LIVESTOCK PRICE

Sale of livestock, heads

Average weight

average price

as of 26.02.2021

as of 05.03.2021

Growth,%

as of 26.02.2021

as of 05.03.2021

Growth,%

as of 26.02.2021

as of 05.03.2021

Growth,%

Bulls (live weight)

11 385

27 963

145.6%

1476

1456

-1.4%

114

114

-0.4%

Heifers (live weight)

4275

13048

205.2%

1329

1354

1.9%

113.9

113.58

-0.3%

Bulls (slaughter. weight)

12085

12398

2.6%

957

960

0.3%

181.69

179.79

-1.0%

Heifers (slaughter weight)

3782

3881

2.6%

882

837

-5.1%

181.68

179.96

-0.9%

WEEKLY WEIGHTED AVERAGE PRICE OF BULLS

BEEF PRODUCTION

as of 06.03.2021

A week earlier

A year ago

Growth per week,%

Growth per year,%

(approximately)

(approximately)

(actually)

Slaughter volume

665 000

666 000

649 000

-0.2%

2.5%

Live weight

1398

1401

1 379

-0.2%

1.4%

slaughter weight

843

844

834

-0.1%

1.1%

Beef production (million pounds)

559.2

561.1

540.2

-0.3%

3.5%

CME, livestock futures

Week 8

Week 9

Growth per week,%

February

113.10

119.35

5.5%

April

120.00

119.15

-0.7%

June

118.43

117.85

-0.5%

CME, fattening cattle futures

January

138.68

135.35

-2.4%

March

142.58

139.68

-2.0%

April

145.08

145.08

0.0%