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Jun
03
2021
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Posted 2 years 112 days ago ago by Administrator Account
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Daily Market Summary for June 3rd
The Daily Market News Report bought to you by The Cattle Range. Please visit their website for more information!
Slaughter Cattle:
As of 3:00 PM Thursday in Kansas, Nebraska, and Western Cornbelt, negotiated cash trading has been limited on light to moderate demand. In Kansas a few live purchases traded from 119.00-120.00. Not enough for a full market trend. Wednesday live traded at 120.00. In Nebraska live purchases traded steady with the last market on Wednesday at 120.00. Not enough dressed purchases for a trend, Wednesday dressed traded from 190.00-191.00. In the Western Cornbelt live purchases traded steady with Wednesday at 120.00. A few dressed purchases traded at 190.00, not enough for a full market trend. Wednesday dressed traded from 190.00-191.00. Thus far for Thursday in the Texas Panhandle negotiated cash trading has been at a standstill. Wednesday saw live purchases at 120.00.
Negotiated Sales:
Confirmed: 13,521
Week Ago: 1,991
Year Ago: 31,801
Formula Net
Dressed Steers & Heifers:
Head count priced today: 17,700
Weighted avg. weight: 851.00
Weighted avg. net price: 196.85
Cattle Slaughter under Federal Inspection:
Thursday (est) 120,000
Week ago (est) 121,000
Year ago (act) 116,000
Week to Date 321,000
Same Period Last Week 478,000
Same Period Last Year 453,000
Previous Day (est)
Steers & Heifers: 81,000
Cows & Bulls: 24,000
Boxed Beef:
Cutout Values:
Choice: 340.55… +0.39
Select: 313.16… +1.28
Choice/Select Spread: 27.39
Total Load Count: 138
Cutter Cow Cutout:
218.14… +2.18
CME Feeder Cattle Index for June 2nd:
136.65… +0.15 / +0.11%
1 Year Change: +6.22%
52 Week Range: 127.93 - 144.04
Futures Settlements…
Live Cattle:
June: 116.77… -0.35
August: 118.52… -0.73
October: 124.65… -0.25
Feeder Cattle:
August: 152.95… +0.63
September: 155.50… +0.70
October: 157.37… +0.87
June Hogs: 119.37… +1.12
June Crude Oil: 68.81… -0.02
July Corn: 6.6200… -0.1300
July Wheat: 6.7625… -0.1125
Grain Cash Bids:
Kansas City Corn: 6.84… -0.13
Kansas City Wheat: 6.09… -0.10
Financial Markets:
DJIA: 34,576.98… -23.99
S & P 500: 4,192.82… -15.35
NASDAQ: 13,614.07… -142.31
U.S. Dollar Index: 90.48… +0.57