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Cattle & Crops Market Report for Dec. 8

December 8, 2020 Pagevalleynews 0

~ Provided by Virginia Department of Agriculture and Consumer Services, Division of Marketing

IN VIRGINIA, state graded feeder cattle uneven, ranging 3.00 lower to 8.00 higher. Feeder cattle at regular auction sales not established.

Slaughter cows 1.00 to 7.00 lower. Slaughter bulls 2.00 to 6.00 lower.

In comparison to pre-holiday prices, Wheat new crop mostly .12 lower. Corn mostly steady to .14 higher. Soybeans mostly steady to .10 lower.

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IN THE NATION in comparison to two weeks ago, feeder cattle uneven with prices ranging from 2.00 lower to 3.00 higher.

Slaughter cattle live basis mostly steady to 1.00 lower at 109.00 to 110.00; dressed basis sales mostly 1.00 lower at 170.00 to 174.00. Slaughter cows uneven, mostly 2.00 lower to 3.00 higher. Slaughter bulls uneven, 5.00 lower to 2.00 higher.

Slaughter lambs steady to sharply higher. Feeder lambs not established. Hogs carcass basis .92 lower.

In comparison to two weeks ago, Wheat mostly .07 to .22 lower. Corn mostly .02 to .09 higher. Soybeans mostly .03 to .10 lower. Cotton .0117 lower per pound in the Southeast.

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October Red Meat Production Up Slightly From 2019

Commercial red meat production for the United States totaled 5.09 billion pounds in October, up slightly from the 5.07 billion pounds produced in October 2019.

Beef production, at 2.47 billion pounds, was 1 percent above the previous year. Cattle slaughter totaled 2.95 million head, down 1 percent from October 2019. The average live weight was up 25 pounds from
the previous year at 1,385 pounds.

Veal production totaled 5.3 million pounds, 24 percent below October a year ago. Calf slaughter totaled 37,100 head, down 33 percent from October 2019. The average live weight was up 28 pounds from last year at 250 pounds.

Pork production totaled 2.6 billion pounds, down slightly from the previous year. Hog slaughter totaled 12 million head, down 2 percent from October 2019. The average live weight was up 6 pounds from the previous year at 291 pounds.

Lamb and mutton production, at 10.6 million pounds, was down 17 percent from October 2019. Sheep slaughter totaled 182,300 head, 11 percent below last year. The average live weight was 116 pounds, down 8 pounds from October a year ago.

January to October 2020 commercial red meat production was 46.1 billion pounds, up 1 percent from 2019. Accumulated beef production was down slightly from last year, veal was down 13 percent, pork was up 3 percent from last year and lamb and mutton production was down 8 percent.

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For the FULL REPORT by Market News Service, including regional livestock markets around Virginia, visit http://www.vdacs.virginia.gov/pdf/cc.pdf