Price Reactions After USDA Livestock Reports ISSN: 1949-1913 Released March 16, 2017, 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 : 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 2016 ...........: 6 2.14 6 3.41 7 3.42 5 3.46 -------------------------------------------------------------------------------- 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 22, 2016 .......: -0.5 133.24 133.67 136.48 0.43 2.81 February 19, 2016 ......: 0.0 131.74 133.21 136.13 1.47 2.92 March 18, 2016 .........: 0.8 137.88 139.18 136.16 1.30 -3.02 April 22, 2016 .........: 0.5 133.97 126.55 123.78 -7.42 -2.77 May 20, 2016 ...........: 1.3 132.64 130.58 124.97 -2.06 -5.61 June 24, 2016 ..........: 2.2 120.82 116.64 122.31 -4.18 5.67 July 22, 2016 ..........: 1.2 117.00 114.68 116.90 -2.32 2.22 August 19, 2016 ........: 1.6 118.42 117.54 114.69 -0.88 -2.85 September 23, 2016 .....: 1.5 109.40 105.82 102.79 -3.58 -3.03 October 21, 2016 .......: 0.3 97.57 99.41 104.24 1.84 4.83 November 18, 2016 ......: -1.3 103.92 108.04 111.02 4.12 2.98 December 23, 2016 ......: -1.4 111.34 115.00 117.52 3.66 2.52 --------------------------------------------------------------------------------------- 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 : 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 2016 .........: 1 1.46 3 1.06 2 0.55 2 1.72 ------------------------------------------------------------------------------ 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 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 : 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 --------------------------------------------------------------------------------------- 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. This is the last publication of this table] --------------------------------------------------------------------------- : 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 ......: 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 2016 ......: 6 0.0479 6 0.0420 6 0.0467 6 0.0531 --------------------------------------------------------------------------- 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 [This is the last publication of this table] ------------------------------------------------------------------------------------- : : 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, 2016 .......: 0.7 2.1145 2.1438 2.1950 0.0293 0.0512 February 19, 2016 ......: 0.3 2.1310 2.0506 2.0260 -0.0804 -0.0246 March 18, 2016 .........: 4.6 1.9810 1.9390 1.9375 -0.0420 -0.0015 April 20, 2016 .........: 1.8 2.0880 2.0500 2.0580 -0.0380 0.0080 May 19, 2016 ...........: 1.2 2.0475 2.0515 2.0760 0.0040 0.0245 June 21, 2016 ..........: 1.2 2.3105 2.3580 2.3340 0.0475 -0.0240 July 21, 2016 ..........: 1.6 2.2840 2.2940 2.2070 0.0100 -0.0870 August 19, 2016 ........: 1.4 2.2430 2.2165 2.0900 -0.0265 -0.1265 September 20, 2016 .....: 1.9 2.0160 1.9835 1.9285 -0.0325 -0.0550 October 20, 2016 .......: 2.3 1.7960 1.7635 1.8650 -0.0325 0.1015 November 18, 2016 ......: 2.7 1.9355 2.0120 2.0358 0.0765 0.0238 December 20, 2016 ......: 2.6 2.1070 2.2270 2.2981 0.1200 0.0711 ------------------------------------------------------------------------------------- 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. This is the last publication of this table] -------------------------------------------------------------------------- : 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 .....: 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 2016 .....: 4 0.0499 8 0.0391 5 0.0382 7 0.0363 -------------------------------------------------------------------------- 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 [This is the last publication of this table] -------------------------------------------------------------------------------------- : : 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, 2016 .......: 0.7 1.5245 1.4781 1.4300 -0.0464 -0.0481 February 19, 2016 ......: 0.3 1.4710 1.4706 1.4345 -0.0004 -0.0361 March 18 2016 ..........: 4.6 1.4660 1.4445 1.4656 -0.0215 0.0211 April 20, 2016 .........: 1.8 1.4220 1.4280 1.4025 0.0060 -0.0255 May 19, 2016 ...........: 1.2 1.2920 1.3555 1.4030 0.0635 0.0475 June 21, 2016 ..........: 1.2 1.5450 1.5400 1.6285 -0.0050 0.0885 July 21, 2016 ..........: 1.6 1.7290 1.7570 1.7750 0.0280 0.0180 August 19, 2016 ........: 1.4 1.8770 1.8650 1.7880 -0.0120 -0.0770 September 20, 2016 .....: 1.9 1.5295 1.5025 1.4810 -0.0270 -0.0215 October 20, 2016 .......: 2.3 1.4650 1.5670 1.5650 0.1020 -0.0020 November 18, 2016 ......: 2.7 1.8190 1.6990 1.7150 -0.1200 0.0160 December 20, 2016 ......: 2.6 1.6865 1.6060 1.5619 -0.0805 -0.0441 -------------------------------------------------------------------------------------- 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. This is the last publication of this table] -------------------------------------------------------------------------- : 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 .....: 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 2016 .....: 6 0.0372 6 0.0323 6 0.0293 6 0.0394 -------------------------------------------------------------------------- 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 [This is the last publication of this table] -------------------------------------------------------------------------------------- : : 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, 2016 .......: 0.7 1.4870 1.4775 1.4600 -0.0095 -0.0175 February 19, 2016 ......: 0.3 1.4820 1.4894 1.4620 0.0074 -0.0274 March 18, 2016 .........: 4.6 1.5120 1.4880 1.4900 -0.0240 0.0020 April 20, 2016 .........: 1.8 1.4250 1.4280 1.3800 0.0030 -0.0480 May 19, 2016 ...........: 1.2 1.2790 1.3010 1.3520 0.0220 0.0510 June 21, 2016 ..........: 1.2 1.5260 1.5130 1.5830 -0.0130 0.0700 July 21, 2016 ..........: 1.6 1.6400 1.6795 1.7195 0.0395 0.0400 August 19, 2016 ........: 1.4 1.7960 1.8220 1.7925 0.0260 -0.0295 September 20, 2016 .....: 1.9 1.6610 1.5785 1.5365 -0.0825 -0.0420 October 20, 2016 .......: 2.3 1.5280 1.6530 1.6635 0.1250 0.0105 November 18, 2016 ......: 2.7 1.9265 1.8925 1.8950 -0.0340 0.0025 December 20, 2016 ......: 2.6 1.7660 1.7350 1.6631 -0.0310 -0.0719 -------------------------------------------------------------------------------------- 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 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 .. (202) 720-3278 Seth Riggins - Hogs and Pigs ................. (202) 720-3106 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. 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@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 http://www.ascr.usda.gov/complaint_filing_cust.html, 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.