050446 2004 Summary: Prices Up For Cattle, Hogs & SheepApril 29, 2005
The 2004 gross income from cattle and calves, hogs and pigs, and sheep and lambs for the U.S. totaled $62.6 billion, up 11 percent from 2003. Gross income increased for cattle and calves, hogs and pigs, and sheep and lambs. Cattle and calves increased 5 percent, hogs and pigs increased 35 percent, and sheep and lambs increased 3 percent. Total 2004 cash receipts from marketings of meat animals increased 11 percent to $62.2 billion. Cattle and calves accounted for 76 percent of this total, hogs and pigs 23 percent, and sheep and lambs 1 percent. Production decreased for all cattle and calves and sheep and lambs but increased hogs and pigs. Average prices were up for all three species. Cattle and Calves: Cash receipts from marketings of cattle and calves increased from $45.1 billion in 2003 to $47.3 in 2004, a 5 percent increase. All cattle and calf marketings totaled 53.8 billion pounds in 2004, down 5 percent from 2003. The U.S. annual average price per 100 pounds live weight for cattle was $85.90, an increase of $6.20 from 2003. For calves, the annual average price increased $17.00 to $119.00. Hogs and Pigs: Cash receipts from hogs and pigs totaled $14.3 billion during 2004, up 35 percent from 2003. Marketings totaled 27.8 billion pounds in 2004, up 2 percent from 2003. The U.S. annual average price per 100 pounds live weight increased from $37.20 in 2003 to $49.30 in 2004. Sheep and Lambs: Cash receipts from marketings of sheep and lambs in 2004 were $521 million, up 3 percent from 2003. Marketings decreased 6 percent to 572 million pounds. The U.S. annual average price per 100 pounds live weight for sheep increased from $34.90 in 2003 to $38.80 in 2004 while for lambs, the annual average price increased $94.40 to $101.00.
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