Cattle Production Continues Strong into New Week

Cattle Production Continues Strong into New Week

Cattle production continues to be strong heading into the new week. Inventories are close to full capacity and demand has slowed over the past two weeks. This adds risk to moving new production. Steer prices remain unchanged from Friday’s trading levels. Over the weekend, Branded Cows traded down $1 on both Northern and Southwestern material.

The Jacobsen slaughter forecast for this week is 641,000 head, and if realized, will be 112,200 head more than the same week last year when it was 528,800.

Cattle slaughter finished last week 609,000 head, down 4 percent from a year ago. Over the next six weeks, slaughter is forecasted at an average of 649,300 head, up an average of 1 percent from the prior six weeks and up 34 percent compared to last year.

Figure 1.


Membership is required to view the rest of this post.
Click here to learn more and sign up for a free 7-day trial!

Blog

02.05.2025

Fats exports rise in 2024; DCO, ethanol production reach 2-month high

Fats exports rise in 2024; DCO, ethanol production reach 2-month high

The US animal fats and oils markets were stable to higher on Wednesday February 5 as ongoing strength in the Chicago markets continued to ripple into nearby regions, lifting...

02.05.2025

Mixed inventory levels, overall unease impact meat and bonemeal trade

Mixed inventory levels, overall unease impact meat and bonemeal trade

Unease and mixed tones were reported from market sources on Wednesday February 5 for US animal proteins, specifically meat and bonemeal (MBM).

A variety of factors — lessened...

02.05.2025

US weekly ethanol production hits 2-month high; stocks rebound

US weekly ethanol production hits 2-month high; stocks rebound

US weekly average ethanol production rose to a two-month high of 1.112 million barrels per day in the week to January 31, according to the US Energy Information Administration...

Latest Tweets