All cattle and calves down 1% on the year | Weekly Livestock Market Update

Brownfield Ag News

On this episode of Weekly Livestock Market Update, Brownfield's Meghan Grebner talks with ag economist Charley Martinez about the January Cattle Report showing all cattle and calves being down 1% on the year.

Market highlights:

Live cattle prices close $2.39 higher than last week at $209.98/cwt. February live cattle prices ($204.60) were up 75 cents compared to a week ago, and March feeder cattle future prices were down $1.45 on the week down to $275.73. Choice box beef was at $327.68 end of this week, which is down (.1%) from $27.92 last week. Pork Cutout was up to $93.58, from $92.02 (1.7%) from the previous week. National Base Hog Carcass was up to $82.15, which is 1.77% higher than last week, which was $80.72. February lean hog futures were up almost $2.00 to $84.17 on the week.

Weekly Slaughter:

At the end of the week, cattle slaughter was 600,000 head, up 1,000 from last week, but down 32,000 compared to a year ago. Hog slaughter was 2.574 million head, up 97,000 from the previous week and down 128,000 compared to year ago.

January Cattle Report:

All cattle and calves in the United States as of January 1, 2025, totaled 86.7 million head, 1% below the 87.2 million head on January 1, 2024, which is slower than previous year’s report (2%).

Beef cows, at 27.9 million head, were down 1.3% (149,500) from a year ago, slowed down compared to 2% last year

Cows that calved:

• California and Virginia down 6%
• Colorado down 7%
• Kentucky down 4%
• Pennsylvania down 5%
• Texas and Oklahoma increased 1%
• Missouri up 2%
• Wisconsin up 6%

Beef replacement heifers, at 4.67 million head, were down 1% from a year ago, which holds compared to last year.

The 2024 calf crop in the United States was estimated at 33.5 million head, which is slightly lower compared to last year’s report (33.6 million head).

Dairy Cow herd remained the same 9.35 million.

January Agricultural Prices Report:

December increased 5.3% from November and 12% from December 2023.

Beef cattle:

$190/cwt in December ($2/cwt higher than November), up from $172/cwt in 2023, and up from $154/cwt in 2022.

All hogs:

$62.30/cwt in December ($3.10/cwt lower than November), up from $53.3/cwt in 2023, and down from $62.50/cwt in 2022.

Imports from Mexico:

11 head of Horses came from Mexico last week, and zero cattle still.

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