Weekly Cattle Outlook, 6th November 2009, a weekly review of the US cattle industry
Beef production for January-September was down 3.2 per cent. The number of cattle slaughtered during this nine month period was down 4.2 per cent. Therefore, cattle weights were one per cent heavier than for this time in 2008.
Due to smaller exports beef consumption per capita was only down 2.7 per cent for January-September 2009 compared to 12 months earlier.
Beef demand at the consumer level was down 2.3 per cent. Live fed cattle demand was sharply below a year earlier with a loss of 8.5 per cent from 12 months earlier. The reason why live fed cattle demand was down much more than consumer demand was less exports and a very weak hotel and restaurant trade.
Feeder steers and heifers were steady to $1.00 per cwt higher and steer and heifer calves were $1-3 per cwt higher this week than last at Oklahoma City.
The prices by weight groups for medium and large frame Number One steers this week at Oklahoma City were: 400-500 pounds $110-126 per cwt, 500-600 pounds $98-112.50 per cwt, 600-700 pound calves $83.50-99.50 per cwt, 600-700 pound yearlings $94-100.50, 700-800 pounds $93-96.75 per cwt and 800-1,000 pounds $87-95 per cwt.
Calves weighing 400-500 pounds are $4-5 per cwt and 700-800 pound steers are also $4-5 per cwt below a year earlier.
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