Para la semana que termina en agosto 5, 2012, El USDA estima que la situación de los pastizales y el rango se siguen deteriorando. 59 por ciento de U.S. pasture and range area is now rated poor or very poor. This level of poor or very poor compares to 38 percent one year ago. The third largest beef cow state, Misuri, tiene 85 percent of range and pasture rated very poor and 14 percent rated poor. Lack of forage in critical cattle areas will affect cattle inventories in the coming months.
USDA increased corn and soybean meal price estimates significantly in the August report. The corn price mid-point went from $5.90 per bushel in the July report to $8.20 per bushel in the August report. The soybean meal price mid-point gained $95 per ton in the August report to reach $475 por tonelada. These feed costs will drive livestock industry changes well into 2013.
U.S. beef and veal exports tallied 209.4 million pounds in June 2012, up slightly from May 2012 pero abajo 33 million pounds from June 2011. Year to date beef exports are down 11 percent relative to a year ago.Beef exports to South Korea in June 2012 fell below 20 million pounds for the first time since September 2010. Beef exports to Mexico continued to weaken to 26.4 million pounds in June 2012, a level not seen since early 2005.
The beef carcass cutout value managed a good increase this week. El viernes por la mañana, the choice boxed beef carcass cutout value was $184.29/cwt, hasta $6.15 desde el viernes anterior. El corte de la canal de selección fue por $5.97 from the previous week to $177.60/cwt.
Fed cattle prices were higher again this week. Hasta el jueves, the 5-area average price for slaughter steers sold on a live weight basis was $119.16/cwt, up $1.58 from last week and up $3.04/cwt from the same week last year. Steer prices on a dressed basis averaged $188.78/cwt this week, up $3.84 from a week ago and up $4.01/cwt from a year ago.
Masacre de esta semana se sumaron el ganado 639,000 cabeza, hacia abajo 1.2% de la semana pasada, y hacia abajo 3.1% desde hace un año. The average steer dressed weight for the week ending on July 28 era 862 libra, up 3 pounds from last week before, up 17 pounds from a year ago Weights have been above year ago levels every week since January 7.
Oklahoma City feeder cattle prices were steady to $4 lower this week with prices for medium and large frame #1 novillos: 450-500# $156-$159, 500-550# $149-$150.50, 550-600# $142-$147, 600-650# $137-$153, 650-700# $133-$142, 700-750# $135-$141, 750-800# $128-$139.25, 800-900# $127-$134.50, y 900-1000# $122-128.25/CWT.
The August live cattle futures contract settled at $120.625/cwt, up 65 centavos de dólar desde el viernes anterior. The October contract settled at $125.65/cwt, up $1.275. December closed at $128.45/cwt, up $1.175 desde el viernes anterior.
August feeder cattle futures ended the week at $139.75/cwt, $0.80 higher than last Friday. October feeders ended the week at $141.05/cwt.