Price Reactions After USDA Livestock Reports ISSN: 1949-1913 Released March 23, 2016, 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 : 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 2015 ...........: 2 2.22 10 2.60 6 2.38 6 1.91 -------------------------------------------------------------------------------- 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. 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 23, 2015 .......: 1.0 163.04 159.55 159.41 -3.49 -0.14 February 20, 2015 ......: 0.3 161.85 159.43 158.40 -2.42 -1.03 March 20, 2015 .........: -0.3 161.18 163.63 165.54 2.45 1.91 April 24, 2015 .........: 0.0 161.43 159.20 160.82 -2.23 1.62 May 22, 2015 ...........: 0.8 160.75 159.87 159.43 -0.88 -0.44 June 19, 2015 ..........: 0.7 153.53 150.16 148.81 -3.37 -1.35 July 24, 2015 ..........: 1.9 147.99 145.49 147.45 -2.50 1.96 August 21, 2015 ........: 2.6 150.63 147.27 144.93 -3.36 -2.34 September 18, 2015 .....: 2.7 139.38 135.00 128.84 -4.38 -6.16 October 23, 2015 .......: 2.4 133.50 135.49 136.24 1.99 0.75 November 20, 2015 ......: 2.3 126.97 125.00 126.23 -1.97 1.23 December 18, 2015 ......: -0.1 118.05 116.65 123.48 -1.40 6.83 --------------------------------------------------------------------------------------- 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 : 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 2015 .........: 1 0.90 3 1.86 4 0.48 0 0.00 ------------------------------------------------------------------------------ 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 [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 28, 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 : March 27, 2015 .........: 7.2 43.51 41.81 41.99 -1.70 0.18 June 26, 2015 ..........: 8.7 56.97 55.34 55.40 -1.63 0.06 September 25, 2015 .....: 3.7 50.43 51.33 52.84 0.90 1.51 December 23, 2015 ......: 0.8 36.79 36.31 36.33 -0.48 0.02 --------------------------------------------------------------------------------------- 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. 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 : 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 2015 ......: 7 0.1487 4 0.1677 9 0.0863 3 1.0338 --------------------------------------------------------------------------- 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 22, 2015 .......: 3.2 1.5450 1.5500 1.6495 0.0050 0.0995 February 20, 2015 ......: 2.1 1.7260 1.7213 1.6610 -0.0047 -0.0603 March 19, 2015 .........: 1.7 1.7100 1.6800 1.6995 -0.0300 0.0195 April 21, 2015 .........: 1.1 1.7745 1.8300 1.8520 0.0555 0.0220 May 19, 2015 ...........: 1.7 2.0160 1.9170 1.9119 -0.0990 -0.0051 June 18, 2015 ..........: 1.4 1.8725 1.8980 1.9080 0.0255 0.0100 July 21, 2015 ..........: 0.7 1.8685 1.8835 1.9345 0.0150 0.0510 August 19, 2015 ........: 1.2 2.0205 2.2490 2.3180 0.2285 0.0690 September 18, 2015 .....: 0.8 2.0020 2.6370 2.9695 0.6350 0.3325 October 20, 2015 .......: 0.4 2.3895 2.4660 2.6240 0.0765 0.1580 November 19, 2015 ......: 0.1 2.8850 2.8850 2.9000 0.0000 0.0150 December 18, 2015 ......: 0.6 2.6060 2.0690 2.0331 -0.5370 -0.0359 ------------------------------------------------------------------------------------- 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 : 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 2015 .....: 3 0.0127 9 0.0483 6 0.0295 6 0.0294 -------------------------------------------------------------------------- 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 22, 2015 .......: 3.2 1.5085 1.4475 1.4990 -0.0610 0.0515 February 20, 2015 ......: 2.1 1.4815 1.4850 1.4855 0.0035 0.0005 March 19 2015 ..........: 1.7 1.5450 1.5410 1.5150 -0.0040 -0.0260 April 21, 2015 .........: 1.1 1.6150 1.6220 1.6180 0.0070 -0.0040 May 19, 2015 ...........: 1.7 1.6240 1.6175 1.6338 -0.0065 0.0163 June 18, 2015 ..........: 1.4 1.6995 1.6730 1.6480 -0.0265 -0.0250 July 21, 2015 ..........: 0.7 1.6120 1.6395 1.6755 0.0275 0.0360 August 19, 2015 ........: 1.2 1.7025 1.6735 1.6100 -0.0290 -0.0635 September 18, 2015 .....: 0.8 1.6463 1.5530 1.5190 -0.0933 -0.0340 October 20, 2015 .......: 0.4 1.6480 1.5830 1.5590 -0.0650 -0.0240 November 19, 2015 ......: 0.1 1.5480 1.4460 1.5175 -0.1020 0.0715 December 18, 2015 ......: 0.6 1.4760 1.4290 1.4300 -0.0470 0.0010 -------------------------------------------------------------------------------------- 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 : 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 2015 .....: 4 0.0201 8 0.0421 5 0.0196 7 0.0265 -------------------------------------------------------------------------- 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 22, 2015 .......: 3.2 1.5180 1.4750 1.4990 -0.0430 0.0240 February 20, 2015 ......: 2.1 1.5320 1.5413 1.5450 0.0093 0.0037 March 19, 2015 .........: 1.7 1.5680 1.5600 1.5325 -0.0080 -0.0275 April 21, 2015 .........: 1.1 1.5740 1.6025 1.6100 0.0285 0.0075 May 19, 2015 ...........: 1.7 1.6155 1.6380 1.6713 0.0225 0.0333 June 18, 2015 ..........: 1.4 1.7450 1.7055 1.6660 -0.0395 -0.0395 July 21, 2015 ..........: 0.7 1.6480 1.6680 1.6975 0.0200 0.0295 August 19, 2015 ........: 1.2 1.7200 1.7025 1.6815 -0.0175 -0.0210 September 18, 2015 .....: 0.8 1.6950 1.6695 1.6015 -0.0255 -0.0680 October 20, 2015 .......: 0.4 1.6870 1.6215 1.6085 -0.0655 -0.0130 November 19, 2015 ......: 0.1 1.6660 1.5760 1.5750 -0.0900 -0.0010 December 18, 2015 ......: 0.6 1.4765 1.4290 1.4138 -0.0475 -0.0152 -------------------------------------------------------------------------------------- 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 Sherry Bertramsen - Livestock Slaughter ...... (202) 720-3240 Doug Bounds - Hogs and Pigs .................. (202) 720-3106 David Colwell - Sheep and Goats .............. (202) 720-8784 Donnie Fike - Dairy Products ................. (202) 690-3236 Michael Klamm - Cattle, Cattle on Feed ....... (202) 720-3040 Mike Miller - Milk Production and Milk Cows .. 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