Cattle placements up almost 2% on the year | Weekly Livestock Market Update
Meghan Grebner and Charley Martinez break down what’s happening in the livestock market, from cattle and hog prices to slaughter numbers and weather impacts. They chat about seasonal trends, herd dynamics, and what might be coming next.
Market highlights:
Live cattle prices close $2.03 higher than last week at $209.98/cwt. February live cattle prices ($197.70) were down 3 cents compared to a week ago, and March feeder cattle future prices were up 77 cents on the week to $267.85. Choice box beef was at $310.77 end of this week, which is down (1.2%) from $314.70 last week. Pork Cutout was down to $98.14, which is down 4% from the previous week. National Base Hog Carcass was up to $86.49, which is .46% higher than last week, which was $86.09. April lean hog futures close at $87.67, which is down $4.93 (-5.62%) from a week ago.
Weekly Slaughter:
At the end of the week, cattle slaughter was 554,000 head, down 7000 from last week, but down 34,850 compared to a year ago. Hog slaughter was 2.53 million head, down 26,000 from the previous week and down 24,000 compared to year ago.
Slaughter Report (2/20/25):
Commercial red meat production for the United States totaled 4.89 billion pounds in January, up 2% from 4.77 billion pounds in January 2024.
Beef production- 2.37 billion pounds (4% higher than Jan 2024). Cattle slaughter totaled 2.72 million head (down 1% compared to Jan 2024). The average live weight was 1,439 lbs., which is up 50 pounds compared to 2024.
Pork production- 2.50 billion pounds (1% higher than Jan 2024). Hog slaughter totaled 11.5 million head (1% higher than Jan 2024). The average live weight was 293 lbs., which is 1 pound higher than Jan 2024.
Cattle On Feed (2/21/2025):
» 11.7 million head (down approx. 1% compared to Feb 2024)
» Placements were 1.82 million head (1.73% higher than Feb 2024)
» Marketings were 1.86 million head (1.41% higher than Feb 2024)
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