U.S. livestock markets see rising cattle weights and mixed demand

U.S. livestock markets are experiencing shifts in cattle weights and varying demand across beef and hog sectors. Fed cattle slaughter through June was 8.6 percent below the previous year, though beef production fell only 5.4 percent due to increased carcass weights. Steer dressed weights have remained elevated, running approximately 30 pounds heavier than a year ago and 65 pounds above the 2020-2024 average.

In cash markets, cattle trade activity has been reported as light or quiet in several regions. In Nebraska, dressed deals were marked at $368, while the Oklahoma National Stockyards saw light testing for various cattle classes. Boxed beef prices have shown volatility, with some reports indicating higher prices due to solid demand and others noting midday declines.

Hog markets show mixed signals. While some reports indicate lower cash hog prices with light negotiated purchases, others note that processors are being more aggressive in procurement efforts. Demand remains relatively strong in both domestic and global markets, though long-term strength concerns persist. Hog weights are currently trending higher than last year.