USA: Cattle market overview for the 14th week of 2023

USDA weekly data showed 13,458 tons of beef EXPORT sales for the week ending March 30. That's 20% more than the week before, but still 2.4,000 less than the 3-week average. South Korea was the main buyer. Accumulated liabilities for beef amounted to 359.5 thousand tons as of March 30.

Wholesale prices for USDA block-packed beef Thursday were $1.03 higher for Choice meats and $1.53 lower for Select. As a result, the Chc/Sel spread remained at $13.02. The US Department of Agriculture estimated the slaughter of cattle at 488,000 heads through Thursday.

WEEKLY CUT CHOICE COST

CATTLE SALES

Sale of livestock, heads

Average weight

Week 13

Week 14

Growth per week,%

Week 13

Week 14

Growth per week,%

Bulls (live weight)

29 415

34 826

18.4%

1467

1441

-1.8%

Heifers (live weight)

13 587

16 611

22.3%

1 313

1 328

1.1%

Bulls (slaughter. weight)

11 027

12 352

12.0%

941

948

0.7%

Heifers (slaughter weight)

1805

4 344

140.7%

831

844

1.6%

WEEKLY WEIGHTED AVERAGE PRICE OF BULLS

BEEF PRODUCTION

Index

Week 14

Week 13

14 week 2022

Growth per week,%

Growth per year, %

Slaughter volume

603 000

651 000

665 000

-7.4%

-9.3%

Live weight

1 369

1 371

1 381

-0.1%

-0.9%

slaughter weight

823

823

834

0.0%

-1.3%

Beef production (million pounds)

495

535

553

-7.5%

-10.5%

CME: Live Cattle Futures

Week 13

Week 14

Growth per week,%

April

168.35

171.08

1.6%

June

162.13

163.10

0.6%

August

161.43

162.30

0.5%

Futures for fattening cattle

April

200.83

May

205.25

September

224.23

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.