Price Reactions After USDA Livestock Reports ISSN: 1949-1913 Released March 25, 2015, by the National Agricultural Statistics Service (NASS), Agricultural Statistics Board, United States Department of Agriculture (USDA). Livestock Reports and Price Comparisons This report contains price reactions to the United States Department of Agriculture's (USDA) Cattle on Feed, Quarterly Hogs and Pigs, and Milk Production 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. The Milk Production report is released monthly and provides data on the number of milk cows, milk per cow and total milk production for the 23 major milk producing States. Dairy products price reactions to the USDA Milk Production reports are also provided in this publication. The butter and cheddar cheese prices in this publication are based on the daily cash settlement prices reported by the Chicago Mercantile Exchange. Weekly average prices are computed for the week before and the week after the release of each Milk Production report. Annual Cattle Price Reactions to Cattle on Feed Releases [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 : 2004 ...........: 9 1.73 3 1.85 5 4.07 7 1.83 2005 ...........: 2 1.65 10 1.43 5 1.01 7 1.28 2006 ...........: 9 0.96 3 1.26 7 1.76 5 1.61 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 -------------------------------------------------------------------------------- 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 Releases --------------------------------------------------------------------------------------- : : 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 24, 2014 .......: -4.2 142.50 148.40 145.38 5.90 -3.02 February 21, 2014 ......: -2.8 142.08 145.56 150.55 3.48 4.99 March 21, 2014 .........: -0.5 150.00 150.84 152.17 0.84 1.33 April 25, 2014 .........: -0.6 146.72 146.27 147.80 -0.45 1.53 May 16, 2014 ...........: -1.0 148.05 146.38 144.39 -1.67 -1.99 June 20, 2014 ..........: -1.6 149.41 149.18 154.34 -0.23 5.16 July 25, 2014 ..........: -2.4 156.04 163.43 162.79 7.39 -0.64 August 22, 2014 ........: -1.9 154.77 153.14 155.66 -1.63 2.52 September 19, 2014 .....: -0.8 161.04 156.90 157.07 -4.14 0.17 October 24, 2014 .......: -0.5 163.83 169.04 167.52 5.21 -1.52 November 21, 2014 ......: 0.5 170.06 171.42 171.66 1.36 0.24 December 19, 2014 ......: 1.4 162.67 158.38 162.05 -4.29 3.67 --------------------------------------------------------------------------------------- 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 Releases [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 : 2004 .........: 3 2.13 1 0.28 1 0.12 3 2.33 2005 .........: 3 0.38 1 1.85 1 6.56 3 1.05 2006 .........: 0 0.00 4 2.52 1 3.15 3 1.10 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 ------------------------------------------------------------------------------ 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 Releases --------------------------------------------------------------------------------------- : : 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 28, 2013 .........: 1.5 53.74 55.35 58.37 1.61 3.02 June 28, 2013 ..........: 0.0 74.30 73.89 74.26 -0.41 0.37 September 27, 2013 3/ ..: 0.3 70.20 68.61 -1.59 December 27, 2013 ......: -0.1 57.04 56.52 57.59 -0.52 1.07 : March 27, 2014 .........: -3.3 91.42 94.57 94.54 3.15 -0.04 June 27, 2014 ..........: -4.7 88.51 93.04 94.25 4.53 1.21 September 26, 2014 .....: -2.3 77.55 79.72 80.33 2.17 0.61 December 23, 2014 ......: 2.0 58.00 55.76 55.94 -2.24 0.18 --------------------------------------------------------------------------------------- 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. 3/ October 7, 2013 Market News Report not available due to government furlough. Annual Butter Price Reactions to Milk Production Releases [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 : 2010 ......: 7 0.0392 4 0.0236 8 0.0467 3 0.1115 2011 ......: 6 0.0280 5 0.0488 5 0.0328 6 0.0434 2012 ......: 6 0.0428 6 0.0525 6 0.0359 6 0.0429 2013 ......: 7 0.0378 5 0.0320 6 0.0390 6 0.0490 2014 ......: 8 0.0552 4 0.1628 9 0.0718 3 0.0547 --------------------------------------------------------------------------- 1/ Prices based on the simple average on the Chicago Mercantile Exchange daily closing cash butter prices during the week. Total increases and decreases may not add to twelve for a year when the week-to-week price is unchanged. Monthly Butter Price Reactions to Milk Production Releases ------------------------------------------------------------------------------------- : : Average price 1/ : : : :-----------------------------: : : : : : : Change from : : : : :------------------- : : : : : Week : Week of : : : : :before to: release Release date :Production: Week : Week of : Week : week of : to week :change 2/ : prior : release : after : release : after ------------------------------------------------------------------------------------- : percent ------------------- dollars ------------------- : January 23, 2014 .......: - 1.7740 1.9000 1.8935 0.1260 -0.0065 February 20, 2014 ......: 1.0 1.7640 1.7763 1.8070 0.0123 0.0307 March 19, 2014 .........: 1.4 1.8840 1.9070 1.9700 0.0230 0.0630 April 21, 2014 .........: 1.1 1.9025 1.8970 1.9695 -0.0055 0.0725 May 19, 2014 ...........: 1.2 2.1645 2.1670 2.2850 0.0025 0.1180 June 18, 2014 ..........: 1.5 2.1950 2.2205 2.3365 0.0255 0.1160 July 18, 2014 ..........: 2.0 2.3845 2.4170 2.5840 0.0325 0.1670 August 19, 2014 ........: 4.0 2.5320 2.7155 2.7560 0.1835 0.0405 September 19, 2014 .....: 2.6 2.9860 3.0220 3.0580 0.0360 0.0360 October 20, 2014 .......: 4.1 2.3020 1.9495 1.8400 -0.3525 -0.1095 November 19, 2014 ......: 3.9 1.9930 1.9910 1.9933 -0.0020 0.0023 December 19, 2014 ......: 3.5 1.9340 1.6430 1.5950 -0.2910 -0.0480 ------------------------------------------------------------------------------------- - Represents zero. 1/ Prices based on the simple average of the Chicago Mercantile Exchange daily closing cash butter prices during the week. 2/ Percent change from previous year at time of each report. Annual Barrel Cheddar Cheese Price Reactions to Milk Production Releases [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 : 2010 .....: 7 0.0262 5 0.0368 10 0.0220 2 0.0502 2011 .....: 7 0.0302 5 0.0788 7 0.0513 5 0.1029 2012 .....: 7 0.0389 5 0.0412 7 0.0467 5 0.0347 2013 .....: 6 0.0399 6 0.0404 4 0.0504 8 0.0429 2014 .....: 9 0.0455 3 0.0673 7 0.0471 5 0.0729 -------------------------------------------------------------------------- 1/ Prices based on the simple average of the Chicago Mercantile Exchange daily closing cash 500 pound barrel cheddar cheese prices during the week. Total increases and decreases may not add to twelve for a year when the week-to-week price is unchanged. Monthly Barrel Cheddar Cheese Price Reactions to Milk Production Releases -------------------------------------------------------------------------------------- : : Average price 1/ : : : :------------------------------: : : : : : : Change from : : : : :------------------- : : : : : Week : Week of : : : : :before to: release Release date :Production: Week : Week of : Week : week of : to week :change 2/ : prior : release : after : release : after -------------------------------------------------------------------------------------- : percent ------------------- dollars ------------------- : January 23, 2014 .......: - 2.1765 2.2475 2.2990 0.0710 0.0515 February 20, 2014 ......: 1.0 2.1035 2.1006 2.1905 -0.0029 0.0899 March 19 2014 ..........: 1.4 2.2755 2.3050 2.3355 0.0295 0.0305 April 21, 2014 .........: 1.1 2.1950 2.2115 2.1250 0.0165 -0.0865 May 19, 2014 ...........: 1.2 1.9720 1.9840 1.9575 0.0120 -0.0265 June 18, 2014 ..........: 1.5 1.9650 1.9930 2.0300 0.0280 0.0370 July 18, 2014 ..........: 2.0 1.9645 2.0415 2.0245 0.0770 -0.0170 August 19, 2014 ........: 4.0 2.1700 2.2385 2.3060 0.0685 0.0675 September 19, 2014 .....: 2.6 2.3300 2.4080 2.4520 0.0780 0.0440 October 20, 2014 .......: 4.1 2.1040 2.0250 2.0345 -0.0790 0.0095 November 19, 2014 ......: 3.9 1.9670 1.8470 1.6908 -0.1200 -0.1562 December 19, 2014 ......: 3.5 1.5015 1.5760 1.4975 0.0745 -0.0785 -------------------------------------------------------------------------------------- - Represents zero. 1/ Prices based on the simple average of the Chicago Mercantile Exchange daily closing cash 500 pound barrel cheddar cheese prices during the week. 2/ Percent change from previous year at time of each report. Annual Block Cheddar Cheese Price Reactions to Milk Production Releases [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 : 2010 .....: 7 0.0309 5 0.0606 9 0.0236 3 0.0424 2011 .....: 7 0.0426 5 0.0900 6 0.0563 5 0.0936 2012 .....: 6 0.0481 6 0.0323 6 0.0377 6 0.0253 2013 .....: 6 0.0409 6 0.0355 6 0.0376 6 0.0287 2014 .....: 8 0.0510 4 0.0615 6 0.0354 6 0.0610 -------------------------------------------------------------------------- 1/ Prices based on the simple average of the Chicago Mercantile Exchange daily closing cash 40 pound block cheddar cheese prices during the week. Total increases and decreases may not add to twelve for a year when the week-to-week price is unchanged. Monthly Block Cheddar Cheese Price Reactions to Milk Production Releases -------------------------------------------------------------------------------------- : : Average price 1/ : : : :------------------------------: : : : : : : Change from : : : : :------------------- : : : : : Week : Week of : : : : :before to: release Release date :Production: Week : Week of : Week : week of : to week :change 2/ : prior : release : after : release : after -------------------------------------------------------------------------------------- : percent ------------------- dollars ------------------- : January 23, 2014 .......: - 2.2115 2.2794 2.3370 0.0679 0.0576 February 20, 2014 ......: 1.0 2.1100 2.1269 2.2060 0.0169 0.0791 March 19, 2014 .........: 1.4 2.3315 2.4150 2.4160 0.0835 0.0010 April 21, 2014 .........: 1.1 2.2213 2.2205 2.1350 -0.0008 -0.0855 May 19, 2014 ...........: 1.2 2.0070 1.9880 1.9850 -0.0190 -0.0030 June 18, 2014 ..........: 1.5 2.0420 2.0200 2.0240 -0.0220 0.0040 July 18, 2014 ..........: 2.0 1.9555 2.0100 2.0110 0.0545 0.0010 August 19, 2014 ........: 4.0 2.1480 2.2315 2.3010 0.0835 0.0695 September 19, 2014 .....: 2.6 2.3500 2.4070 2.3450 0.0570 -0.0620 October 20, 2014 .......: 4.1 2.2380 2.2635 2.1260 0.0255 -0.1375 November 19, 2014 ......: 3.9 2.0110 1.8070 1.7142 -0.2040 -0.0928 December 19, 2014 ......: 3.5 1.5880 1.6075 1.5616 0.0195 -0.0459 -------------------------------------------------------------------------------------- - Represents zero. 1/ Prices based on the simple average of the Chicago Mercantile Exchange daily closing cash 40 pound block cheddar cheese prices during the week. 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. Dan Kerestes, Chief, Livestock Branch ........... (202) 720-3570 Scott Hollis, Head, Livestock Section ........... (202) 690-2424 Travis Averill - Cattle, Cattle on Feed ...... (202) 720-3040 Sherry Bertramsen - Livestock Slaughter ...... (202) 720-3240 Doug Bounds - Hogs and Pigs .................. (202) 720-3106 Donnie Fike - Dairy Products ................. (202) 690-3236 Mike Miller - Milk Production and Milk Cows .. (202) 720-3278 Evan Schulz - Sheep and Goats ................ 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