as okWee ` WEEKLY VEAL MARKET SUMMARY ~ Livestock, Meat, Feed Ingredients & Skin Markets ~ Thursday, September 30, 2021 Vol. 24, No. 39

Carlot Veal Carcass Report Northeast and North Central Basis - 9/19/2020 – 9/25/2021 Link to current report: Pennsylvania Weekly Cattle Auction Summary Compared to last week: The special fed veal carcass market was higher on comparable sales of veal calves. Demand was light to moderate on light to moderate offerings. Harvest numbers were 10.9 percent higher compared to last week's total. Dressed Canadian Federally Inspected Slaughter weights were up 6.3 pounds. Current Week Ago Year Ago YTD YTD % Change 09/18/21 09/11/21 09/19/20 2021 2020 Represents calves harvested Sunday through Saturday of last week. Calves: 3,220 2,550 3,351 114,385 115,994 -1.4% VEAL CARCASS, SPECIAL FED, HOT BASIS-PAID TO PRODUCER - FOB BASIS Males: 2,969 2,352 3,094 107,538 110,166 Includes previously committed contract and open market calves. Females: 251 198 257 6,847 5,828

Head Range Wtd Avg Hide-Off, 255-315 Lbs. Hot Basis 2851 350.00-380.00 361.49 Canadian Monthly Grain Fed Veal Report ------(Quebec Sales in Canadian Dollar and Average Price) Special Fed Veal Slaughter for: Year Ago YTD YTD 2021 2020 Hd count Week ending: 09/25/21 09/18/21 09/26/20 2021 2020 No of Head Avg Price No of Head Avg Price % Change Total NE & NC 2,851 2,570 3,350 99,616 138,137 W/E 09/25/21 1,390 222.82 1,396 207.60 -0.43% ------YTD 55,358 208.89 56,689 206.25 -2.35% Special Fed Veal Dressed Weights Year Ago Week ending: 09/25/21 09/18/21 09/26/20 Total NE & NC 276.2 269.9 311.7 AUSTRALIAN VEAL SLAUGHTER STATISTICS ------W/E 9/18/2021 * North Central = OH, IN, IL, MI, & WI This 2021 Last Last 2020 * Northeast = MA, MD, PA, NY, NJ, DE, CT, & VT Week YTD Week Year YTD ** The calves represented in this report include both Packer Owned and Queensland 52 6,456 16 74 4,220 Non-Packer Owned calves. Packer Owned calves are defined as having New South Wales 1,332 31,608 21 1,285 60,135 ownership, harvesting, and processing controlled by the same party. Victoria 2,705 95,335 2,262 4,184 126,902 ------South Australia 14 356 20 15 241 Special Fed Percentage of Total Calf Kill W/E 9/18/2021 ... 30.07 Tasmania 2,848 28,899 3,082 3,084 27,391 Actual Calf Slaughter Reported by NASS W/E 9/18/2021 ..... 7,727 Calves Slaughter W/E 9/25/2021 ...... 6,000 Total 6,951 162,654 5,401 8,642 218,889 ------

Week Ending Saturday, 9/18/2021 U.S. Department of Agriculture Food Safety and Inspection Service Imported Meat Passed for Entry into the United States by Country in Metric Tons

Meat Production and Actual Live Weight and Dressed Weight

For Reporting Period: 09/12/2021 to 09/18/2021 Production Species and Class Live Wt Dressed Wt Metric Tons Week Number 38 Million lbs. lbs. lbs. Beef 537.4 Cattle 1,367 829 Country BNLS Edible Other Primals & Wkly 2021 Calves and veal 0.9 Calves 213 124 Totals Trim Carc Cuts Offal Intact Subprimals TTL YTD Pork 535.5 Hogs 283 210 ------Lamb and mutton 2.2 Sheep 119 60 Australia 98 Canada 77 2 11 42 18 151 4,724 Total meat France 4 4 62 production 1,076.0 Mexico

Total Pounds of Calf and Veal Meat Available Netherlands 8 70 96 1,536 New Zealand 60 60 635 Domestic Production 900,000 % of Total 56.77$% Uruguay Imported 685,444 % of Total 43.23% Total 77 66 19 42 88 311 7,054 Total 1,585,444 100.00%

Federally Inspected Slaughter Head & Percentages by Species, U.S. Fat Products Des Moines, IA W/E 9/25/2021*Preliminary ------Species Class & Total # of Head % of Total CAF CHICAGO EDIBLE TALLOW – Railcar No Quote Simple Average Cattle Total 649,602 CAF CHICAGO LOOSE LARD, PS AND/OR CP No Quote Simple Average Dairy cows 62,439 10.1 Calves Total 7,727 Coconut Oil Crude (Source: USDA/FAS) *Aug 1,476 (US$/MT) Rotterdam CIF Hogs Total 2,545,374 Sheep Total 37,462 Dry Products Price Summary

NONFAT DRY MILK

CENTRAL AND EAST LOW/MED HEAT 1.3400 - 1.4300 MOSTLY 1.3700 - 1.4000 (.0200) (.0300) (.0300) (.0400) Monthly Boxed & Distributive/LCL Veal Cuts Trade CENTRAL & EAST HIGH HEAT 1.4500 - 1.5500 Northeast and North Central Basis - FOB Major Production Points (.0100) (.0100) WEST LOW/MED HEAT 1.3075 - 1.4075 MOSTLY 1.3300 - 1.3600 For the month of August: Special fed veal cut prices were steady (.0200) (.0100) (.0100) for most classes. In the Veal complex, Breast were the most WEST HIGH HEAT 1.4475 - 1.5525 commonly advertised item as retail prices trended steady to throughout the month. (.0200) (.0100)

Item: Wt. Range Range BUTTERMILK POWDER Carcass, hide off 200-275 lbs 405.00- 405.00 CENTRAL & EAST 1.2400 - 1.3100 Foresaddles 86-147 lbs 335.00- 395.00 (.0100) Forequarters 43-74 lbs 345.00- 525.00 Necks, bone-in 24-28 lbs 295.00- 325.00 WEST 1.2400 - 1.3025 MOSTLY 1.2600 - 1.2800 Breast 10-18 lbs 170.00- 295.00 (.0075) (.0100) (.0100) Foreshank 3-5 lbs 450.00- 650.00 WHEY POWDER Osso Bucco, foreshank 2-8 lbs 695.00- 850.00 CENTRAL .4500 - .5500 MOSTLY .5000 - .5200 Shoulder, full 49-85 lbs 395.00- 450.00 Chuck, square cut 39-68 lbs 325.00- 395.00 Chuck rolls, skinned 5-10 lbs 525.00- 725.00 WEST .5075 - .5975 MOSTLY .5400 - .5750 Chuck, Shoulder Clod 4-9 lbs 650.00- 750.00 (.0275) (-.0025) (.0200) (.0150) Hotel Racks, 8 rib 15-26 lbs 845.00- 975.00 NORTHEAST .4550 - .5575 Hotel Racks, 7 rib 14-25 lbs 895.00-1025.00 (-.0450) (-.0125) Hotel Racks, Chop Ready, 7 rib 5-9 lbs 1300.00-1450.00 Hotel Racks, Chop Ready, 6 rib 4-8 lbs 1400.00-1550.00 ANIMAL FEED WHEY Rack, Ribeye 3-9 lbs - CENTRAL .3800 - .4300 Hindsaddles 89-153 lbs 515.00- 625.00 (.0100) Hindquarters 45-76 lbs 525.00- 625.00 LACTOSE Loins, regular 18-36 lbs 395.00- 475.00 CENTRAL & WEST .3400 - .5600 .4000 - .4800 Loins, 4x4, trimmed 18-30 lbs 525.00- 695.00 MOSTLY Strip Loins, bnls, 0x0 1-up lbs 1350.00-1375.00 Loin, Short Tenderloin 0.5-up lbs 1175.00-1295.00 Legs, double 68-117 lbs 505.00- 555.00 WHEY PROTEIN CONCENTRATE 34% Legs, single 34-59 lbs 515.00- 625.00 CENTRAL & WEST 1.0200 - 1.3200 MOSTLY 1.0700 - 1.2175 Legs, slices, retail 825.00-1050.00 Legs, TBS 4-piece 27-47 lbs 925.00- 925.00 Legs, TBS 3-piece 24-39 lbs 925.00-1015.00 Legs, BHS heel-out 27-42 lbs 590.00- 700.00 WHOLE MILK Legs, Sknd, butt tenderloin 0.5-up lbs 1190.00-1225.00 NATIONAL 1.8500 - 1.9300 Top Rnd, Sknd, cap-off 10-15 lbs 1350.00-1450.00 (.0300) Hindshank 5-8 lbs 725.00- 900.00 Osso Bucco, Hindshank 2-8 lbs 925.00-1100.00 Stew Meat, regular 425.00- 600.00 CASEIN Bnls Veal Trimmings 75-80% Lean 250.00- 375.00 RENNET 4.7000 - 4.9000 Bnls Veal Trimmings 80-90% Lean 250.00- 575.00 Hvy Nature Green Hides(per piece) ------ACID 4.7000 - 5.2175 * North Central = OH, IN, IL, MI, & WI (.1075) * Northeast = MA, MD, PA, NY, NJ, DE, CT, & VT

For additional information contact: USDA Livestock, Poultry and Grain Market News at 816-676-7000

2021 Veal Prices Weekly Veal Slaughter

$365 6,000

$345 5,500 5,000 $325 4,500 $305 4,000

$285 3,500

3,000 $265 Number of Head Average Price ($/cwt) Average Price 2,500 $245 2,000 $225 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 1,500 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

2021 2020 5 Yr Avg

Top Round-Cap Off ($/cwt) Carcass-Hide Off ($/cwt)

$1,800 $590 $1,750 $1,700 $565 $1,650 $540 $1,600 $1,550 $515

$1,500 $490 $1,450 $1,400 $465 $1,350 $440 Dollars Per Hundred Weight Per Hundred Dollars Dollars Per Hundred Weight Per Hundred Dollars $1,300 $415 $1,250 $1,200 $390 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

2021 2020 5 Yr Avg 2021 2020 5 Yr Avg

4X4 Loin, Trimmed ($/cwt) Hotel Rack-7 Rib ($/cwt)

$750 $1,000

$725 $950

$700 $900

$675 $850

$650 $800

$625 $750 Dollars Per Hundred Weight Per Hundred Dollars Weight Per Hundred Dollars $600 $700

$575 $650 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

2021 2020 5 Yr Avg 2021 2020 5 Yr Avg

Square Cut Shoulder ($/cwt) Single Legs ($/cwt)

$725 $370 $700

$345 $675

$650

$320 $625

$600 $295 $575 Dollars Per Hundred Weight Per Hundred Dollars Dollars Per Hundred Weight Per Hundred Dollars $550 $270 $525

$245 $500 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

2021 2020 5 Yr Avg 2021 2020 5 Yr Avg