United States Department of Agriculture National Agricultural Statistics Service ISSN: 1949- 1913 Price Reactions After USDA Livestock Reports March 2018 Contents Livestock Reports and Price Reactions Overview............ 4 Annual Cattle Price Reactions to Cattle on Feed Reports... 5 Monthly Cattle Price Reactions to Cattle on Feed Reports.. 5 Annual Hog Price Reactions to Hogs and Pigs Reports....... 6 Quarterly Hog Price Reactions to Hogs and Pigs Reports.... 6 Information Contacts...................................... 7 Special Note Beginning with the Price Reactions after USDA Livestock Reports publication on March 15, 2018, the monthly and annual butter, barrel cheddar, and block cheddar price reactions to Milk Production releases have been discontinued. Please contact the Livestock Branch at (202) 720-3570 or email at HQ_SD_LB@nass.usda.gov with any questions or concerns. Livestock Reports and Price Reactions Overview This report contains price reactions to the United States Department of Agriculture's (USDA) Cattle on Feed and Quarterly Hogs and Pigs reports. The USDA Cattle on Feed report is released monthly and publishes on-feed inventory, fed cattle marketings, and feeder cattle placements. Annual average price reactions to the Cattle on Feed reports are provided in this publication using prices data from the Agricultural Marketing Service (AMS) Market News reports. The USDA Quarterly Hogs and Pigs reports are published each year in March, June, September, and December and provide data on hog and pig inventory, sows farrowing, pig crop estimates, and 3-month and 6-month farrowing intentions. Annual average price reactions to the Quarterly Hogs and Pigs reports are provided in this publication using prices data from the AMS Market News reports. The AMS prices used in this report for cattle and hogs represent sales from producers to first buyers at major markets. The price reaction to the Cattle on Feed and Quarterly Hogs and Pigs reports is indicated by the difference between the price the week prior and the week after each report. Annual Cattle Price Reactions to Cattle on Feed Reports [Marketing year represents the January-December calendar year] -------------------------------------------------------------------------------- : Number of and average price changes 1/ :--------------------------------------------------------------- : Week prior to release : Week after release :--------------------------------------------------------------- : Increases : Decreases : Increases : Decreases :--------------------------------------------------------------- Marketing year : : : : : : : : :Number :Average:Number :Average:Number :Average:Number :Average -------------------------------------------------------------------------------- : dollars dollars dollars dollars : 2007 ...........: 5 0.78 7 1.36 8 1.67 4 1.51 2008 ...........: 6 0.95 6 1.81 9 1.57 3 1.03 2009 ...........: 5 1.72 7 0.91 6 1.26 6 0.62 2010 ...........: 7 2.39 5 1.15 3 2.03 9 0.97 2011 ...........: 4 2.14 8 2.53 7 2.41 5 1.67 2012 ...........: 8 1.44 4 1.39 6 1.06 6 1.77 2013 ...........: 5 0.55 7 0.91 8 2.40 4 0.82 2014 ...........: 6 4.03 6 2.07 8 2.45 4 1.79 2015 ...........: 2 2.22 10 2.60 6 2.38 6 1.91 2016 ...........: 6 2.14 6 3.41 7 3.42 5 3.46 2017 ...........: 5 2.34 7 2.67 5 4.17 7 2.00 -------------------------------------------------------------------------------- 1/ Based on the weekly weighted average prices per cwt. for live steers and heifers from feedlots in Texas, Oklahoma, New Mexico, Kansas, Nebraska, Colorado, Iowa, and Minnesota. Total increases and decreases may not add to twelve for a year when the week-to-week price does not change. Source: Market News, Agricultural Marketing Service. Monthly Cattle Price Reactions to Cattle on Feed Reports --------------------------------------------------------------------------------------- : : Average price 1/ : : : :-------------------------------: : : : : : : Change from : : : : :------------------- : : : : : Week : Week of : : : : :before to: release Release date :Inventory : Week : Week of : Week : week of : to week : change2/ : prior : release : after : release : after --------------------------------------------------------------------------------------- : percent ------------------- dollars ------------------- : January 27, 2017 .......: 0.3 121.84 121.24 118.79 -0.60 -2.45 February 24, 2017 ......: 0.7 119.49 122.34 124.79 2.85 2.45 March 24, 2017 .........: 0.0 128.57 130.97 127.48 2.40 -3.49 April 21, 2017 .........: 0.6 127.92 131.50 136.27 3.58 4.77 May 26, 2017 ...........: 2.0 134.14 131.54 136.09 -2.60 4.55 June 23, 2017 ..........: 2.7 130.20 121.54 118.60 -8.66 -2.94 July 21, 2017 ..........: 4.5 119.59 119.39 117.18 -0.20 -2.21 August 25, 2017 ........: 4.3 109.77 106.77 104.65 -3.00 -2.12 September 22, 2017 .....: 3.6 105.88 108.49 108.02 2.61 -0.47 October 20, 2017 .......: 5.4 110.99 110.89 117.04 -0.10 6.15 November 17, 2017 ......: 6.3 122.88 119.38 119.04 -3.50 -0.34 December 22, 2017 ......: 8.1 119.72 119.99 122.90 0.27 2.91 --------------------------------------------------------------------------------------- 1/ Based on the weekly weighted average prices per cwt. for live steers and heifers from feedlots in Texas, Oklahoma, New Mexico, Kansas, Nebraska, Colorado, Iowa, and Minnesota. Total increases and decreases may not add to twelve for a year when the week-to-week price does not change. Source: Market News, Agricultural Marketing Service. 2/ Percent change from previous year at time of each report. Annual Hog Price Reactions to Hogs and Pigs Reports [Marketing year represents December of the previous year through November of current year] ------------------------------------------------------------------------------ : Number of and average price changes 1/ :--------------------------------------------------------------- : Week prior to release : Week after release :--------------------------------------------------------------- : Increases : Decreases : Increases : Decreases :--------------------------------------------------------------- Marketing year: : : : : : : : :Number :Average:Number :Average:Number :Average:Number :Average ------------------------------------------------------------------------------ : dollars dollars dollars dollars : 2007 .........: 2 1.85 2 2.87 1 1.45 3 2.78 2008 .........: 3 1.78 1 1.28 1 0.90 3 1.33 2009 .........: 3 0.50 1 0.86 3 1.41 1 0.54 2010 .........: 2 0.82 2 0.60 2 2.24 2 1.12 2011 .........: 3 2.73 1 0.08 3 3.04 1 0.30 2012 .........: 1 4.68 3 2.04 2 1.78 2 0.11 2013 2/ ......: 1 1.61 3 0.95 3 1.20 0 0.00 2014 .........: 3 3.28 1 0.52 3 0.96 1 0.04 2015 .........: 1 0.90 3 1.86 4 0.48 0 0.00 2016 .........: 1 1.45 3 1.07 2 0.55 2 1.72 2017 .........: 1 0.09 3 1.82 2 1.66 2 1.32 ------------------------------------------------------------------------------ 1/ Slaughter Hogs, Iowa, Southern Minnesota base lean prices, converted to live price. Source: Market News, Agricultural Marketing Service. 2/ Week after release is missing the October 7, 2013 Market News Report due to government furlough. Quarterly Hog Price Reactions to Hogs and Pigs Reports [Price change may not equal difference between average prices due to rounding] --------------------------------------------------------------------------------------- : : Average price 1/ : : : :-------------------------------: : : : : : : Change from : : : : :------------------- : : : : : Week : Week of : : : : :before to: release Release date :Inventory : Week : Week of : Week : week of : to week :change 2/ : prior : release : after : release : after --------------------------------------------------------------------------------------- : percent ------------------- dollars ------------------- : March 25, 2016 .........: 0.4 46.46 45.79 46.87 -0.67 1.08 June 24, 2016 ..........: 1.8 59.30 60.75 59.41 1.45 -1.34 September 30, 2016 .....: 2.4 38.89 36.84 34.74 -2.05 -2.10 December 23, 2016 ......: 3.7 39.66 39.01 38.49 -0.65 -0.52 : March 30, 2017 .........: 4.2 48.90 46.21 44.53 -2.69 -1.68 June 29, 2017 ..........: 3.4 64.37 64.46 64.95 0.09 0.49 September 28, 2017 .....: 2.5 37.48 35.37 38.20 -2.11 2.83 December 22, 2017 ......: 2.4 42.06 41.05 42.60 -1.01 1.55 --------------------------------------------------------------------------------------- 1/ Slaughter Hogs, Iowa, Southern Minnesota base lean prices, converted to live price. Source: Market News, Agricultural Marketing Service. 2/ Percent change from previous year at time of each report. Information Contacts Listed below are the commodity specialists in the Livestock Branch of the National Agricultural Statistics Service to contact for additional information. E-mail inquiries may be sent to nass@nass.usda.gov. Travis Averill, Chief, Livestock Branch ......... (202) 720-3570 Scott Hollis, Head, Livestock Section ........... (202) 690-2424 Sherry Bertramsen - Livestock Slaughter ...... (202) 720-3240 Holly Brenize - Sheep and Goats .............. (202) 720-0585 Donnie Fike - Dairy Products ................. (202) 690-3236 Heidi Gleich - Cattle, Cattle on Feed ........ (202) 720-3040 Mike Miller - Milk Production and Milk Cows .. (202) 720-3278 Seth Riggins - Hogs and Pigs ................. 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