US Imported Beef Market A Weekly Update

Transcription

1 US Imported Beef Market A Weekly Update Prepared Exclusively for Meat & Livestock Australia - Sydney Volume XVIII, Issue 25 June 29, 2018 Prepared by: Steiner Consulting Group SteinerConsulting.com service@steinerconsulting.com This is a holiday shortened version of the report. The full report will return next week. Special Live Animal Reference Price Current Week Prior Week % CHANGE VS. WK AGO 28-Jun Jun Jun-17 from CME FEEDER CATTLE INDEX % % FED STEER (5-MKT AVG) % % CUTTER COW CARCASS, NATIONAL, 90% LEAN, LB. (carcass wt.) % % BONER COW CARCASS, NATIONAL, 85% LEAN, LB. (carcass wt.) % % BREAKER COW CARCASS, NATIONAL, 75% LEAN, 500+ (carcass wt.) % % CUTTER COW CARCASS CUTOUT, 5-DAY MA, USDA % % 260 CME Feeder Cattle Index

2 VOLUME XVIII, ISSUE US IMPORTED BEEF MARKET PAGE 2 TABLE 2 IMPORTED BEEF PRICES, 7:45 DAYS, CIF Current Week Prior Week Week Year US East Coast Australian/NZ Lean, CIF 95 CL Bull, E. Coast CL Blended Cow CL Shank CL Fores CL Chucks UNQ UNQ N/A UNQ N/A 95 CL Bull, W. Coast Uruguay CFH 90CL, E. Coast UNQ UNQ N/A UNQ N/A US East Coast, Trimmings, CIF 85 CL Trimmings CL Trimmings CL Trimmings UNQ UNQ N/A N/A 65 CL Trimmings UNQ UNQ N/A N/A US East Coast Australian Cuts, CIF Cap Off Steer Insides Steer Insides 14/18 UNQ UNQ N/A UNQ N/A Steer Flats UNQ N/A Steer Knuckles

3 VOLUME XVIII, ISSUE US IMPORTED BEEF MARKET PAGE 3 TABLE 3 IMPORTED BEEF PRICES, 7:45 DAYS, US WAREHOUSE Current Week Prior Week Week Year US East Coast Australian/NZ Lean, FOB US Port 95 CL Bull, E. Coast CL Blended Cow CL Shank CL Fores CL Chucks UNQ UNQ N/A UNQ N/A 95 CL Bull, W. Coast Uruguay CFH 90CL, E. Coast UNQ UNQ N/A UNQ N/A US East Coast, Trimmings, FOB US Port 85 CL Trimmings CL Trimmings CL Trimmings CL Trimmings UNQ UNQ N/A N/A US East Coast Australian Cuts, FOB US Port Cap Off Steer Insides Steer Insides 14/18 UNQ UNQ N/A UNQ N/A Steer Flats UNQ N/A Steer Knuckles

4 VOLUME XVIII, ISSUE US IMPORTED BEEF MARKET PAGE 4 TABLE 4 US DOMESTIC BEEF AND CATTLE PRICES Current Week Prior Week Week from Last Year Domestic Cutouts Low High Wt.Avg Low High Wt.Avg Low High Wt.Avg Choice Cutout Select Cutout Domestic Lean Grinding Beef 90 CL Boneless CL Beef Trimmings CL Beef Trim Domestic Pork Trim 42 CL Pork Trim CL Pork Trim Point of Lean Values 90 CL Domestic CL Beef Trimming CL Pork Trim CL Pork Trim National (5 day accum. Direct wt. Fed avg. Steer price)

5 VOLUME XVIII, ISSUE US IMPORTED BEEF MARKET PAGE 5 TABLE 5 FUTURES AND SLAUGHTER INFORMATION Futures Contracts Current Week Prior Week Week From Live Cattle Futures August ' October ' December ' February ' Feeder Cattle Futures August' September ' October ' November ' Corn Futures July ' / / / September ' / / / December ' / / March ' / / Ch Wheat Futures July ' / / / September ' / / December ' / / / March ' / / Slaughter Information 7 Days Ending 7 Days Ending Week 7 Days Ending From 30-Jun Jun-18 1-Jul-17 Total Cattle Slaughter 646, ,000-18, ,000 8, Jun-18 9-Jun Jun-17 Total Cow Slaughter 116, , ,384 5,562 Dairy Cow Slaughter 54,959 55, ,576 1,383 Beef Cow Slaughter 61,987 61, ,808 4,179

6 VOLUME XVIII, ISSUE US IMPORTED BEEF MARKET PAGE 6 TABLE 7 - US BEEF IMPORTS (Source: USDA/AMS) YTD Imported Fresh/Frz Beef Passed for Entry in the US week 25 6/24/2017 6/23/2018 Australia 100, , % Brazil 8,193 - (8,193) % Canada 116, ,186 10, % Chile (202) % Costa Rica 4,240 4,092 (148) -3.5% France Honduras Ireland 941 1, % Japan % Mexico 88,852 94,054 5, % Netherlands New Zealand 102, ,298 11, % Nicaragua 22,530 25,789 3, % Spain Uruguay 17,810 16,392 (1,418) -8.0% Total 462, ,952 22, % Source: AMS - USDA US Beef Imports. Metric Ton. Data Source: USDA/Agricultural Marketing Service Imports as of June 23, 2018 Individual Country Volume. MT & Y/Y % Ch ,000 Total 540, , ,000 TOTAL YTD: + 4.9% 520, , ,000 80, , ,000 60,000 40,000 20, , , ,000 Total 1% 9% 6% 11% 14% -8% 4.9%

7 VOLUME XVIII, ISSUE US IMPORTED BEEF MARKET PAGE 7 Australian Beef Quota Position Metric Ton. Australian Department of Agriculture Statistics 2018 Quota 423, Jun-18 Quota Shipments 129, % Balance 293, % USA Quota Entries through Week Ending June 26 Source: US Customs 500, , , , , YTD 2018 YTD % ch. Quota % cleared Australia New Zealand Uruguay Other 99,095, ,683,461 11,430,847 36,865,451 99,773, ,250,322 8,572,944 33,144,534 1% 7% -25% -10% 418,214, ,402,000 20,000,000 64,805,000 24% 54% 43% 51%