USA: Cattle market overview for the 29th week of 2021

The cost of Choice MEAT in the US market increased by $0.49 in a week, the price of Select beef added $0.17. Choice/Select price leverage dropped to $16.69.

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Approximately 101 million cattle and calves are on US farms, according to a bovine report released by the USDA's National Agricultural Statistics Service (NASS) .

The number of beef cows is 31.4 million heads, which is 2 percent less than a year ago. Out of 101 million heads, all calving cows and heifers amounted to 40.9 million heads. Dairy cows - 9.50 million heads, which is 2 percent more The number of heifers weighing 500 pounds or more as of July 1, 2021 was 16.0 million, down 1 percent from 16.2 million as of July 1, 2020.

Meat heifers counted 4.30 million heads, which is 2 percent less than a year ago. Dairy heifers counted 4.10 million heads, which is 3% more than in the previous year.

The number of fattening cattle in the United States at all feedlots as of July 1, 2021 was 13.4 million HEAD, down 1 percent from the previous year.

The US calf count is expected to be 35.1 million in 2021, slightly down from last year.

Also, a report was recently published on stocks of meat in cold storage warehouses. Total red meat inventories in June were down 4.3% month-on-month and 7.5% year-over-year to 868.8 million pounds. Total beef stocks in cold stores were 398.7 million pounds, down 4.3% from last month and down 7.1% from last year. Total June beef inventories are at their lowest level in almost seven years, when they stood at 380.9 million pounds in October 2014. Inventories of boneless and bone-in beef fell 7.3% and 5.0% respectively from a year earlier to 369.0 and 29.7 million pounds. Boneless beef is at its lowest level since November 2014, while stocks of bone-in beef last hit a low in May 2020.

 

WEEKLY CUT CHOICE COST

AVERAGE WEEKLY LIVESTOCK PRICE

 

Sale of livestock, heads

 

 

Average weight

 

average price

 

 

as of 09.07.2021

07/23/2021

Growth,%

as of 09.07.2021

07/23/2021

Growth,%

as of 09.07.2021

07/23/2021

Growth,%

Bulls (live weight)

25 148

22 038

-12.4%

1438

1439

0.1%

122

121

-1.1%

Heifers (live weight)

10540

9312

-11.7%

1263

1294

2.5%

120.32

120.01

-0.3%

Bulls (slaughter. weight)

15211

15615

2.7%

929

925

-0.4%

198.48

196.79

-0.9%

Heifers (slaughter weight)

3020

2737

-9.4%

826

842

1.9%

198.25

196.74

-0.8%

 

WEEKLY WEIGHTED AVERAGE PRICE OF BULLS

BEEF PRODUCTION

 

as of 24.07.2021

A week earlier

A year ago

Growth per week,%

Growth per year,%

(approximately)

(approximately)

(actually)

Slaughter volume

652 000

653 000

640 000

-0.2%

1.9%

Live weight

1348

1 346

1 368

0.1%

-1.5%

slaughter weight

815

815

836

0.0%

-2.5%

Beef production (million pounds)

530.4

531.2

533.7

-0.2%

-0.6%

 

CME, livestock futures

 

Week 27

Week 29

Growth per week,%

August

119.23

121.50

1.9%

October

125.58

127.15

1.3%

December

130.90

132.30

1.1%

CME, fattening cattle futures

August

159.18

160.08

0.6%

September

161.83

162.53

0.4%

October

163.70

164.50

0.5%