USA: Cattle market overview for the 23rd week of 2021

The price of Choice MEAT in the US market fell by $2.09 in a week, the price of Select beef fell by $1.8. Choice/Select price leverage increased to $32.06.

U.S. beef sales jumped from the previous week, but are still below the four-week average.

Net sales of 16,100 metric tons (MT) were up 28% from the previous week, but 17% below the four-week average.

Exports mainly to Japan (4,800 tons), SOUTH KOREA (4,000 tons), Mexico (2,500 tons), CHINA (2,300 tons) and Indonesia (1,000 tons) are on the rise, which helped offset the decline in supplies to Honduras (100 MT) .

Exports of 21,100 metric tons - a marketing year high - are up 70% from the previous week and 22% from the previous four weeks' average.  

AVERAGE WEEKLY LIVESTOCK PRICE

Sale of livestock, heads

Average weight

average price

as of 04.06.2021

as of 11.06.2021

Growth,%

as of 04.06.2021

as of 11.06.2021

Growth,%

as of 04.06.2021

as of 11.06.2021

Growth,%

Bulls (live weight)

19 001

38 110

100.6%

1442

1444

0.1%

120

120

0.1%

Heifers (live weight)

7529

13037

73.2%

1293

1292

-0.1%

119.86

119.91

0.0%

Bulls (slaughter. weight)

11101

11077

-0.2%

929

920

-1.0%

190.73

190.69

0.0%

Heifers (slaughter weight)

2209

4118

86.4%

828

812

-1.9%

190.75

191.13

0.2%

WEEKLY WEIGHTED AVERAGE PRICE OF BULLS

BEEF PRODUCTION

as of 06/15/2021

A week earlier

A year ago

Growth per week,%

Growth per year,%

(approximately)

(approximately)

(actually)

Slaughter volume

665 000

538 000

645 000

23.6%

3.1%

Live weight

1361

1365

1 372

-0.3%

-0.8%

slaughter weight

822

825

832

-0.4%

-1.2%

Beef production (million pounds)

545.7

443

535

23.2%

2.0%

CME, livestock futures

Week 22

Week 23

Growth per week,%

June

116.83

119.38

2.2%

August

118.08

121.28

2.7%

October

124.05

126.80

2.2%

CME, fattening cattle futures

August

149.93

154.60

3.1%

September

152.75

156.83

2.7%

October

154.95

158.58

2.3%