USA: Cattle market overview for the 45th week of 2021

The cost of Choice MEAT in the US market increased by $5.24 in a week, the price of Select beef decreased by $2.01. Choice/Select price leverage dropped to $14.77.

Livestock prices rose substantially last week, closing just below $130 on Friday. This was $3.06 per centner more than the previous Friday. Cattle buyers seem to be buying up decent volumes in the past few weeks. From October to the first week of November, 176,329 HEAD of cattle were sold, which is 15% less than last year, but 37% more than in 2019.

FOB live heifer sales are down 25% year-over-year and less than 1% since 2019. Over the past five weeks, on average, about 65,000 bulls and heifers per week have participated in contractual auctions. This is a significant increase from the previous month. Cattle prices rose last week and interest in both the meat and cattle markets is expected to continue this week.

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 WEEKLY CUT CHOICE COST

AVERAGE WEEKLY LIVESTOCK PRICE

 

Sale of livestock, heads

Average weight

average price

05.11.2021

11/12/2021

Growth per week,%

05.11.2021

11/12/2021

Growth,%

05.11.2021

11/12/2021

Growth,%

Bulls (live weight)

14 513

43 254

198.0%

1485

1 521

2.4%

128.12

131

2.5%

Heifers (live weight)

5 837

13 290

127.7%

1319

1 337

1.4%

127.83

131

2.8%

Bulls (slaughter. weight)

6 245

9 679

55.0%

984

962

-2.2%

202.05

207

2.3%

Heifers (slaughter weight)

2650

3 575

34.9%

867

850

-2.0%

201.77

207

2.6%

WEEKLY WEIGHTED AVERAGE PRICE OF BULLS

BEEF PRODUCTION

 

45 week

44 week

45 week 2020

Growth per week,%

Growth per year,%

Slaughter volume

655 000

650 000

657 000

0.8%

-0.3%

Live weight

1379

1379

1 391

0.0%

-0.9%

slaughter weight

833

833

843

0.00%

-1.2%

Beef production (million pounds)

544.5

540.7

552.5

0.7%

-1.4%

 

CME, Livestock Futures

 

 

 

 

Week 44

Week 45

Growth per week,%

December

131.80

132.13

0.3%

February

137.13

136.10

-0.8%

April

140.00

139.90

 

CME, Fattener Cattle Futures

 

 

 

November

158.88

156.25

-1.7%

January

159.60

157.73

-1.2%

March

160.78

159.18