Agriculture Department report on Friday afternoon to show the number of cattle on feed as of June 1 was 96. Below is a chart of average October feeder cattle futures prices for the. 1 day ago &0183 &32 Live cattle futures also closed higher but hog contracts weakened, extending a sell-off that started on Wednesday as traders said the market remained technically overbought. Show lists this week were larger in all regions following small purchases by the packers last week. Dressed sales were slow to develop at 289-290. Sales in the south are mainly at 180 or 2 lower than last week. Production was down 4 percent from last year, veal was down 12 percent, pork was up 2 percent from last year, and lamb and mutton production was up 1 percent. October feeder cattle have trended positively between March 19th and April 17th for 13 of the last 15 years. Live sales in the north at 183-186 were light and packers will need more cattle this week. January to May 2023 commercial red meat production was 22.7 billion pounds, down 1 percent from 2022. April 2016 contract increased US4.575 per cwt to settle Friday at. The average live weight was 121 pounds, down 9 pounds from May a year ago. Feeder cattle futures prices have been very volatile and primarily declining since. Sheep slaughter totaled 186,500 head, 13 percent above last year.
Lamb and mutton production, at 11.4 million pounds, was up 6 percent from May 2022. The average live weight was down 2 pounds from the previous year, at 289 pounds. Hog slaughter totaled 10.6 million head, up 5 percent from May 2022. Joseph, Kishore & Garcia, Philip & Peterson, Paul E., 2016. Pork production totaled 2.27 billion pounds, up 4 percent from the previous year. We study the lead-lag relationship among live cattle futures and negotiated boxed beef. The average live weight was up 13 pounds from last year, at 292 pounds. Calf slaughter totaled 24,200 head, down 12 percent from May 2022. Veal production totaled 4.2 million pounds, 7 percent below May a year ago. The average live weight was down 2 pounds from the previous year, at 1,349 pounds. The next annual USDA cattle inventory report will be released on January 31. This has led to the success of two cattle futures contracts: feeder cattle 50,000 lbs of light calves, live cattle 40,000 lbs of fed cattle (1,050 - 1,500 per. Females made up 43.5 percent of cattle slaughter, the lowest share since 1972.
Cattle slaughter totaled 2.84 million head, up 1 percent from May 2022. Preliminary data indicate average daily steer and bull slaughter was up 7.1 and cow and heifer slaughter up 4.4 in 2016. Commercial red meat production for the United States totaled 4.59 billion pounds in May, up 2 percent from the 4.49 billion pounds produced in May 2022.īeef production, at 2.31 billion pounds, was 1 percent above the previous year.
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