The Cattle Markets

The fed cattle market was steady to a little higher this past week. Trade took place mid week with decent volume. Prices were mostly $97 on a live weight basis and were $152-154 on a dressed basis.

Choice boxed beef prices were down more than $2 this week. The Choice-Select spread decreased slightly and remains at the typical level.

Feeder cattle prices were steady to lower this past week compared to last week’s prices. Montana prices were steady for 750 and for 550 pound steers. Nebraska prices were $1 lower for 750 and $4 lower for 550 pound steers. Oklahoma prices were $1.50 lower for 750 and $2.50 lower for 550 pound steers compared to last week.

Corn prices were a $.21 higher per bushel than last week. Dried Distillers Grain prices were $7 per ton higher and wet distillers grains were priced a little higher in Nebraska for the week.

Source:
Livestock Marketing Information Center

Pork Exports Still Down

U.S. beef exports remained on a record-shattering value pace in October, according to data released by USDA and compiled by the U.S. Meat Export Federation (USMEF). October pork exports trended seasonally higher compared to recent months but were still below the results posted in October 2017. Lamb export volume in October more than doubled year-over-year, while value increased nearly 50 percent. October pork export volume was 207,725 mt, the largest since May but still 2 percent lower year-over-year, reflecting smaller variety meat exports. Export value ($536.5 million) was also the largest since May but still down 5 percent from a year ago. For January through October, pork exports were 1 percent above last year’s record pace at 2.02 million mt, while value was also up 1 percent to $5.33 billion. For pork muscle cuts only, January-October exports increased 5 percent from a year ago in volume (1.63 million mt), valued at $4.43 billion (up 2 percent). Source: U.S. Meat Export Fed...

Beef and Pork Exports Down

U.S. beef and pork exports opened 2021 below the large volumes posted a year ago, according to January data released by USDA and compiled by the U.S. Meat Export Federation (USMEF). Beef exports totaled 105,047 metric tons (mt) in January, down 2% from a year ago, while value slipped 3% to $653 million. The decline was due mainly to lower beef variety meat shipments, as muscle cut exports were steady with January 2020 at 81,398 mt, valued at $584.4 million (down 1%) and accounted for a larger share of production than a year ago. January beef exports were very strong to South Korea and continued to gain momentum in China. Following a down year in 2020, exports also rebounded to the Middle East. January pork exports totaled 248,656 mt, down 9% from a year ago but slightly above USMEF's projections. Export value was down 13% to $642.8 million. Pork muscle cut exports were down 11% in volume (208,234 mt) and 15% in value ($551.3 million), while pork variety meat shipments trended modes...

Muscle Cuts Make Export Gains

August exports of U.S. beef and pork muscle cuts were above last year's strong volumes, according to data released by USDA and compiled by the U.S. Meat Export Federation (USMEF). Variety meat exports were lower than a year ago, due in part to the lack of available labor required to harvest and export some items. Led by record-large demand in South Korea and Taiwan, beef muscle cut exports were the largest in more than a year at 89,148 metric tons (mt), up 3.5% year-over-year, while export value increased slightly from a year ago to $611 million. August muscle cut exports also set new records in China and Indonesia and beef exports to Canada continued to gain momentum. Combined beef/beef variety meat exports were 109,752 mt in August, down 4.5% from a year ago. Export value was $673.8 million, down 2% from a year ago but the highest since March. For January through August, beef muscle cut exports were 6% below last year's pace in volume (627,248 mt) and 9% lower in value ($4....

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