How Much Is Beef in the Midwest
Prepared and written by Jeff Swenson, DATCP Livestock and Meat Specialist. The Market Update draws information from several sources, including trade publications, radio broadcasts, agricultural news services, individuals involved in the manufacture as well equally USDA NASS and AMS reports.
The average retail beefiness cost during February was $6.41 per pound, upwards one cent from Jan. The boilerplate toll combines the price of a variety of beef cuts. Pick sirloin steak for instance averaged $ix.08 while ground beef averaged $3.99. The average pork cost in Feb was $4.15 per pound, 3 cents higher than Jan. Boneless chicken breast averaged $3.24 per pound. It was recently reported lamb was enjoying a sales surge, and now bacon appears to be the latest cook-at-home during COVID meat trend. Costco is reporting a 45 pct sales increment in bacon. Lxx-five per centum of households written report eating salary once a calendar month or more. Seventy percent of Millennials also report eating or preparing bacon one time per calendar month.
Prices at Midwestern sale markets have come in line with the national picture equally market disruptions brought on by common cold are behind us. Last week's harvest was estimated at 647,000 head. There will be harvest volume pressure as at least ii facilities go nighttime for maintenance – ane this calendar week and at to the lowest degree 1 more scheduled presently. Trade expects market place ready cattle supply to grow and height in the 2nd quarter so getting all facilities on line is critical. The latest data reports the average carcass weight for a beef breed steer every bit 870 pounds. Information technology is been many months since I could write this – only that's 2 pounds lighter than the same period last twelvemonth. 1 week doesn't make a tendency, just carcass weights have been decreasing since the outset of the yr. Beef exports for January totaled 105,047 metric tons, and that was down 2 percent from Jan 2020. Value of beef exports dropped 3 percentage to $653 million. Exports in January accounted for $311.78 per head of the farm gate cattle price and xiii.3 percent of total US beef production during the month. Switching to more recent consign data, the latest weekly report shows 25,900 metric tons of beefiness ordered past foreign buyers. Prc purchased 5,300 metric tons of that full, the second largest weekly social club we have seen from that land. In that location will be a Cattle on Feed report released by the USDA on Fri, March 19. Expectations are for cattle placed in feedlots to exist ane to 2 percent below February last year with total on feed at one.5 percentage higher than a year ago.
The Pork cutout value bankrupt $100.00 Monday and was $106.80 according to the USDA's Thursday afternoon report. Cash hogs were lower at midweek, simply momentum still seems to favor the upside as they broke through to be college over again by Th. Sale markets are even so reporting much higher market sow prices. Estimated harvest for terminal week was two.583 million head. Jan pork exports totaled 248,656 metric tons, down from ix percent a year agone. Value of pork exported in January was down 13 percent compared to a yr agone to $642.viii million. Jan pork exports accounted for $57.14 per head of the price paid to farmers and accounted for 28.2 percent of total US pork product. The nearly contempo weekly consign sales information shows sales of 39,700 metric tons. China purchased 5,800 metric tons. While that isn't an globe shattering figure, coupled with the 5,300 metric tons of U.s.a. raised beef they purchased, it does indicate that their swine herd rebuilding efforts and meat self-reliance efforts aren't moving forward every bit apace as planned. African Swine Fever continues to exist a problem in Communist china with reports of a new strain identified there.
Choice beefiness breed steers and heifers at Wisconsin and surrounding country auction markets were fully steady. High-yielding, high-grading cattle brought 92.00 to 111.00/cwt. with tops effectually $114.00, however there were reports of some selling higher. Selection and Prime number Holstein steers were bringing $88.00 to $97.00/cwt. There were several reports of high-yielding, dogie-fed, Holstein steers with an overnight stand selling at $97.00/cwt and above, with a handful breaking the $100.00/cwt bulwark. Silage fed, under finished or heavy dairy breed steers brought $70.00 to $90.00/cwt. Dairy ten Beef steers were mostly $92.00 to $101.00/cwt. Cows were college at $45.00 to $60.00/cwt. Blemish free cows in fleshier condition were selling in the high $60'due south. Dairy brood balderdash calves were mixed at $40.00 to $100.00/cwt with heavier, well cared for calves upwards to $170.00/cwt. Beef and Beefiness Cantankerous calves brought up to $265.00/cwt. Market lambs remain lightly tested. 110 to 140 pound lambs sold in a wide range, topping at $210.00/cwt for new crop lambs.
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Source: https://www.midwestfarmreport.com/2021/03/19/retail-prices-hold-strong-when-it-comes-to-meat/
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