Cattle Outlook: Total 2013 beef exports up 5%

 Resize text         Printer-friendly version of this article Printer-friendly version of this article

U.S. beef exports during December were up 15.9% compared to 12 months earlier. Mexico and Japan were responsible for the increase.

December beef imports were up 2.2% from a year earlier with most of the extra beef coming from Canada.

December exports equaled 11.14% of U.S. beef production. December imports equaled 8.12% of production.

For all of 2013, the U.S. exported 2.58 billion pounds of beef. That was up 5.3% from the year before and was the second most after 2012. Japan, Hong Kong, and Mexico were the top growth markets. The value of beef exports in 2013 totaled $5.4 billion. U.S. beef imports in 2013 totaled 2.25 billion pounds, up 1.4% from 2012 and the most since 2010.

Cattle imports were up 38.3% in December with cattle from Mexico up 13.8% and cattle imports from Canada up 86.8%. Live cattle imports in 2013 totaled 2,027,990 head, down 11.2% compared to 2012 and the fewest since 2009.

Fed cattle prices have come down fast the last two weeks after skyrocketing in early January. Through Thursday, the 5-area average price for slaughter steers sold on a live weight basis was $140.56/cwt, down $5.24 from a week ago, but up $14.04 from a year ago. Steer sales on a dressed basis averaged $225.35/cwt this week, up $26.94 from a year ago.

This morning, the boxed beef cutout value for choice carcasses was $212.25/cwt, down $15.72 from the previous Friday, but up $29.98 from a year ago. The select carcass cutout is $209.96/cwt, down $18.62 for the week, but up $29.89 from last year.

This week's cattle slaughter totaled 561,000 head, down 0.9% from last week and down 5.2% from the corresponding week last year.

The average steer dressed weight for the week ending on January 25 was 873 pounds, up 3 pounds from the week before and unchanged from a year earlier.

Feeder cattle prices at this week's Oklahoma City auction were steady with light volume due to a winter storm. This week's prices for medium and large frame #1 steers by weight were: 400-450# $215, 450-500# $208, 500-550# $203, 550-600# $190-$201.25, 600-650# $175-$189, 650-700# $170.50-$177, 700-750# $166.50-$170.25, 750-800# $160-$165, 800-900# $157-$164, and 900-1000# $153-$157/cwt.

The February live cattle futures contract closed at $141.20/cwt today, down 47 cents from last week's close. April fed cattle settled at $140.40, down 2 cents for the week. June settled at $132.10/cwt, up 60 cents.

The March feeder cattle futures contract ended the week at $167.80/cwt, down $1.62 for the week. May feeders closed at $169.20/cwt.

Source: Ron Plain and Scott Brown

Comments (0) Leave a comment 

e-Mail (required)


characters left

FourTrax(R) Foreman 4x4

Honda’s line of all-terrain vehicles has always been the machinery farmers and ranchers counted on for strong, rugged, reliable performance. ... Read More

View all Products in this segment

View All Buyers Guides

Feedback Form
Leads to Insight