United States Department of Agriculture National Agricultural Statistics Service ISSN: 1949- 1913 Price Reactions After USDA Livestock Reports March 2023 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 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 : 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 2018 ...........: 5 2.20 7 1.78 6 1.89 6 1.91 2019 ...........: 8 1.29 4 1.13 7 1.87 5 1.48 2020 ...........: 7 1.52 4 3.22 6 3.07 6 2.61 2021 ...........: 6 1.30 6 0.81 8 1.98 4 1.20 2022 ...........: 9 1.30 3 1.14 6 1.51 6 1.18 -------------------------------------------------------------------------------- 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 : : : : :prior to : release Release date :Inventory : Week : Week of : Week : week of : to week :change 2/ : prior : release : after : release : after --------------------------------------------------------------------------------------- : percent ------------------- dollars ------------------- : January 21, 2022 .......: 0.6 136.58 137.39 136.86 0.81 -0.53 February 25, 2022 ......: 0.8 142.29 143.08 140.68 0.79 -2.40 March 25, 2022 .........: 1.4 138.89 138.74 139.09 -0.15 0.35 April 22, 2022 .........: 1.7 140.73 142.98 143.07 2.25 0.09 May 20, 2022 ...........: 2.0 142.14 140.37 138.86 -1.77 -1.51 June 24, 2022 ..........: 1.2 143.35 143.80 145.46 0.45 1.66 July 22, 2022 ..........: 0.4 141.54 140.03 139.13 -1.51 -0.90 August 19, 2022 ........: 1.4 144.16 146.19 144.55 2.03 -1.64 September 23, 2022 .....: 0.4 142.91 144.70 144.62 1.79 -0.08 October 21, 2022 .......: -0.9 146.98 150.01 152.00 3.03 1.99 November 18, 2022 ......: -2.0 152.59 152.66 156.05 0.07 3.39 December 23, 2022 ......: -2.6 155.68 156.20 157.75 0.52 1.55 --------------------------------------------------------------------------------------- 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 : 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 2018 .........: 2 3.48 2 2.19 2 3.02 2 3.76 2019 .........: 2 5.34 2 2.31 2 1.64 2 1.42 2020 .........: 3 1.59 1 0.23 3 0.70 1 7.44 2021 .........: 1 3.12 3 3.58 1 3.04 3 4.86 2022 .........: 0 0.00 4 1.28 2 0.80 2 3.11 ------------------------------------------------------------------------------ 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 : : : : :prior to : release Release date :Inventory : Week : Week of : Week : week of : to week :change 2/ : prior : release : after : release : after --------------------------------------------------------------------------------------- : percent ------------------- dollars ------------------- : March 25, 2021 .........: -1.8 66.69 69.81 72.85 3.12 3.04 June 24, 2021 ..........: -2.2 98.48 93.97 83.63 -4.51 -10.34 September 24, 2021 .....: -3.9 62.59 57.99 54.63 -4.60 -3.36 December 23, 2021 ......: -4.0 46.22 45.64 45.65 -0.58 0.01 : March 30, 2022 .........: -2.3 81.61 79.42 75.77 -2.19 -3.65 June 29, 2022 ..........: -0.9 91.52 90.86 92.45 -0.66 1.59 September 29, 2022 .....: -1.4 74.21 72.53 69.97 -1.68 -2.56 December 23, 2022 ......: -1.8 60.98 58.83 55.86 -2.15 -2.97 --------------------------------------------------------------------------------------- 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@usda.gov. Travis Averill, Chief, Livestock Branch ....................................................... (202) 692-0069 Scott Hollis, Head, Livestock Section ......................................................... (202) 690-2424 Sherry Bertramsen - Livestock Slaughter .................................................... (202) 690-8632 Ryan Cowen - Cattle, Cattle on Feed ........................................................ (202) 720-3040 Anthony Fischer - Hogs and Pigs ............................................................ (202) 720-3106 Mike Miller - Milk Production and Milk Cows ................................................ (202) 720-3278 Suzanne Richards - Dairy Products (202) 720-4448 Suzanne Richards - Sheep and Goats .. (202) 720-4448 Access to NASS Reports For your convenience, you may access NASS reports and products the following ways: All reports are available electronically, at no cost, on the NASS web site: www.nass.usda.gov. Both national and state specific reports are available via a free e- mail subscription. To set-up this free subscription, visit www.nass.usda.gov and click on "National" or "State" in upper right corner above "search" box to create an account and select the reports you would like to receive. Cornell's Mann Library has launched a new website housing NASS's and other agency's archived reports. The new website, https://usda.library.cornell.edu. All email subscriptions containing reports will be sent from the new website, https://usda.library.cornell.edu. To continue receiving the reports via e-mail, you will have to go to the new website, create a new account and re-subscribe to the reports. If you need instructions to set up an account or subscribe, they are located at: https://usda.library.cornell.edu/help. You should whitelist notifications@usda-esmis.library.cornell.edu in your email client to avoid the emails going into spam/junk folders. For more information on NASS surveys and reports, call the NASS Agricultural Statistics Hotline at (800) 727-9540, 7:30 a.m. to 4:00 p.m. ET, or e-mail: nass@usda.gov. The U.S. Department of Agriculture (USDA) prohibits discrimination against its customers, employees, and applicants for employment on the basis of race, color, national origin, age, disability, sex, gender identity, religion, reprisal, and where applicable, political beliefs, marital status, familial or parental status, sexual orientation, or all or part of an individual's income is derived from any public assistance program, or protected genetic information in employment or in any program or activity conducted or funded by the Department. (Not all prohibited bases will apply to all programs and/or employment activities.) If you wish to file a Civil Rights program complaint of discrimination, complete the USDA Program Discrimination Complaint Form (PDF), found online at www.ascr.usda.gov/filing-program-discrimination-complaint-usda-customer, or at any USDA office, or call (866) 632-9992 to request the form. You may also write a letter containing all of the information requested in the form. Send your completed complaint form or letter to us by mail at U.S. Department of Agriculture, Director, Office of Adjudication, 1400 Independence Avenue, S.W., Washington, D.C. 20250-9410, by fax (202) 690-7442 or email at program.intake@usda.gov.