USA: quotations for cattle meat, and especially pork, have increased significantly for the 2020-21 season

Quotations of cattle MEAT in live weight collapsed immediately after the coronovirus pandemic was declared in the world - in mid-March. Then they were at a low level for a long time. Back in early May, quotes were in the plane below $ 1 per pound, but then they began to restore their positions - in May, June and July. Then the dynamics of cattle turned out to be unstable, and pork mainly increased. In 2021, the futures market, after the stock market failures in 2020, again appreciated the taste of meat. along with its consumers. The outbreak of the covid-19 pandemic, swine ASF and the promotion of green food, did not break the desire of people to eat hamburgers, steaks and kebabs. Meat began to grow at a faster pace. Especially explosive was the growth of pork, which by the end of the year doubled the estimate. The increase in pork in the world market was due to its high demand, primarily from CHINA . Cattle meat has risen much lower. 

In July, quotations of cattle meat and pork recovered after the June failure. All meat quotes increased, but in different proportions. Most of all, it was possible to win back the cost with a significant excess of cattle meat quotations in live weight. A little behind in growth from this meat are veal quotes. Still, the increase is impressive - more than ten percent. Least of all showed themselves in the growth of wheat quotes, although their June fall was the most significant - more than fifteen percent.

The futures market of cattle meat and pork went in opposite directions in August. But in August, quotes fell again. The quotations of cattle meat had approximately the same dynamics, but they never fell below the DOLLAR mark, and in August they declined more progressively. Pork meat quotes have gone through a more complex trajectory this year. They failed and recovered more often and deeper, decreased in May and June, and confidently began to return the cost only in July, and in August the dynamics of their growth increased significantly.

Quotations of cattle meat in September diverged in different price directions. Quotations of cattle meat in live weight increased by almost six percent, and quotes of fattening cattle meat fell, but very slightly - by a couple of tenths of a percent. Pork quotations increased the most. Their growth in September amounted to more than fifteen percent. Pork has been the deepest sinker this year, but has already climbed past 60 cents a pound. The highest rates of quotations for all types of meat this year appeared in January. The growth dynamics of meat quotes was most pronounced at the beginning of the month, and by the end of the period, the quotes returned back with a different final result.

During October, the quotations of cattle meat in live weight and veal meat decreased in a different progression. Quotations of cattle meat in live weight during the period tried to rise, then fell sharply and again partially restored their positions. As a result, they lost two and a half percent of the cost. Quotes for fattening cattle have been declining continuously for almost a month, except for the last week of October. In contrast to cattle meat, pork quotes increased by almost five percent over the month. The highest rates of quotations for all types of meat this year appeared in January, and the lowest quotations were received in April and May.

Quotations of cattle meat and pork increased in November. The quotations of cattle grew especially noticeably, which fell in October. In November, they returned their value and exceeded it in different proportions, the quotations of cattle meat in live weight climbed slightly higher, and the quotations of fattening cattle increased less than that. Pork prices rose, but to a lesser extent than cattle, but they also rose in October. The COVID-19 pandemic brought a series of global catastrophic changes to the meat market this year, with significant economic consequences in all regions of the world. All meat quotes have already gone far from the annual lows, but they are still far from the high values ​​​​of this year.

After the general November increase in quotations of cattle meat and pork, in December the quotations of pork fell out of this friendly system and decreased, but insignificantly, by no more than half a percent. In the first part of December, they rose, and in the second part they increased, but could not reach the original value. Quotations of cattle meat in live weight and quotations of veal increased again, but the proportions of growth slowed down significantly. Quotations for fattening cattle increased slightly more than quotations for live weight cattle. The dynamics of the growth of these positions was changeable, they went down and up over a period of four weeks. All meat quotes by the end of the year could not restore the level of cost at the beginning of January 2020.

January brought mixed results for cattle and pork prices. If in December the quotations of cattle increased, and the quotations of pork decreased, then in January the trend of their development mixed up in a different way. Quotes for fattening cattle moved in different directions during the month, but in the end increased by more than five percent. Quotes for fattening cattle began to fall immediately and quite deeply, but in the second half of the period they partially won back the cost, but, in general, lost almost three percent in January. Pork quotations increased the most over the month – by almost fifteen percent. They ascended almost the entire period, and only once in a week rolled back. By the end of January, pork quotes surpassed the highs of last January.

Different types of cattle meat, namely cattle meat quotes in live weight and fattening cattle meat quotes ended February with different results. The first decreased, and the second received a positive development. In January it was the other way around. Meat in live weight then grew, and veal fell. Only pork quotes show stable and high growth for two months in a row, almost in the same proportion. In January, pork quotes gained more than fourteen percent, and in February, a little less.

In March, the quotations of cattle meat and pork rose. Moreover, pork is ahead of everyone in growth. As mentioned earlier, the increase in pork on the world market is due to its high demand, primarily from China due to the shortage of its own meat and ASF epidemics. In March alone, pork quotes gained more than twenty percent. In cattle meat, the achievements are more modest, to a greater extent in the quotations of fattening cattle meat, and to a lesser extent in the quotations of cattle meat in live weight.

In April, on the futures meat market, quotes for different types of meat, namely cattle and pork, developed in different directions. A month earlier, they all went up together. In April, the quotations of cattle meat in live weight and the quotations of fattening cattle turned down and decreased, but in different proportions. Quotations of cattle meat in live weight fell deeper - by almost five percent. Quotes of veal declined less actively. Only pork quotations increased, although there were also falls during the period. But the April growth was more modest than the March increase. Recall. In mid-March, pork quotes crossed the price bar of one dollar per pound upwards and have not yet fallen below.

Quotes of cattle meat in May, after the April decline, played up and rose in various proportions. Quotations of cattle meat in live weight did not manage to return all the lost value, the growth of this position amounted to a little more than one and a half percent. The increase in this meat during the month was uneven, interspersed with falls. The quotations of fattening cattle increased above this level. Last month, veal decreased less than cattle meat in live weight, and now it has beaten back the value of early April with an excess. Pork prices in the second half of May received a second wind in growth and grew significantly throughout May, surpassing the April increase. The growth driver of this meat segment remains the Chinese pork market.

In June, quotations of cattle meat and pork diverged in price development. Pork went down in this in a significant proportion. In June, pork meat quotes lost all the May price gains in excess, having also picked up the April gain. This month, the assumption that the pork futures market was too overvalued earlier was confirmed. In June, it began to approach more realistic estimates of the beginning of the current year. In contrast to pork, quotations for cattle meat rose again, although they were moving towards this result during the period through falls and growth. Quotations of cattle meat in live weight rose by almost three percent, quotes of fattening cattle meat by almost four percent.

According to the results of the 2020-21 season, from July 3, 2020 to July 2, 2021, quotations for cattle meat in live weight increased from 0.994 to 1.22 dollars per pound or by 22.7%, quotations for fattening cattle from 1.3488 to 1.5705 dollars per pound or by 16.4%, and pork meat quotes from 0.492 to 1.0023 dollars per pound or 2.037 times.