Raw materials
Butt-branded steers 60 –
50 – 40 – 30 – 20 – 15 – 0
1020304050 Weeks
Heavy Texas steers 60 –
2021 50 – 40 – Beef exports 30 – 20 – 10 – 0
1020304050 Weeks
Heavy native steers
65 – 60 – 55 – 50 – 45 – 40 – 35 – 30 – 25 – 20 –
0
1020304050 Weeks
Branded cows 30 –
25 – 20 – 15 – 10 – 5 – 0 – 0
1020304050 Weeks
2021
2022 2023
2021
2022 2023
US beef exports were record-breaking in 2022 but slowed late in the year, according to data released by the USDA and compiled by the U.S. Meat Export Federation. This trend continued in January as shipments were well below the large totals from a year ago.
Beef exports declined to several major destinations in January, though shipments increased sharply to Mexico, the Dominican Republic, the Philippines and Africa.
January volume fell 15% year-over- year to 100,942mt, valued at $702.3m (down 32%).
Beef inventories swelled in some key markets near the end of last year, contributing to a challenging environment for US exports.
Hide market After Chinese New Year, the US hide market was more optimistic and some sellers were impatient about quickly driving prices higher. It turns out their enthusiasm was short-lived, as was the firmer trend of the market. On the optimistic side, the auto leather sector was busier than it had been, although customers have remained quite resistant to rising prices. On the other hand, while it seemed the worst was behind us with regard to the footwear sector, the lag in demand dragged on through the first quarter. Global demand and consumption were expected to start improving in Q2,
20 Leather International /
www.leathermag.com
2022 2023
2021 2022 2023
Cattle numbers
Cattle and calves on feed for the slaughter market in the US for feedlots with capacity of 1,000 or more head totalled 11.6 million head on 1 March 2023. The inventory was 4% below of what was recorded on 1 March 2022. Placements in feedlots during February totalled 1.73 million head, 7% below 2022. Net placements were 1.68 million head. During February, placements of cattle and calves weighing less than 600lb were 345,000 head, 600–699lb were 315,000 head, 700–799lb were 470,000 head, 800–899lb were 424,000 head, 900–999lb were 130,000 head, and 1,000lb and greater were 50,000 head.
Marketing of fed cattle during February totalled 1.74 million head, 5% below 2022. Other disappearance totalled 58,000 head during February, 2% below 2022.
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