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Jul
23
2021
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Posted 1 years 311 days ago ago by Administrator Account
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Daily Market Summary for July 23rd
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 Friday in the Southern Plains and Nebraska, negotiated cash trading has been at a standstill. In the Western Cornbelt negotiated cash trading has been mostly inactive on light demand. Not enough purchases for a market trend. In the Texas Panhandle on Thursday live purchases traded at 119.00. In Kansas on Wednesday live purchases traded at 119.00. In Nebraska on Thursday dressed purchases traded at 195.00 and on Wednesday live purchases traded from 122.00-123.00. In the Western Cornbelt on Thursday live and dressed purchases traded at 124.00 and 195.00, respectively.
Negotiated Sales:
Confirmed: 613
Week Ago: 3,932
Year Ago: 2,759
Formula Net
Dressed Steers & Heifers:
Head count priced today: 21,600
Weighted avg. weight: 884.00
Weighted avg. net price: 195.63
Cattle Slaughter under Federal Inspection:
Friday (est) 114,000
Week ago (est) 118,000
Year ago (act) 111,000
Week to Date 581,000
Same Period Last Week 597,000
Same Period Last Year 579,000
Thursday
Steers & Heifers: 92,000
Cows & Bulls: 26,000
Boxed Beef:
Cutout Values:
Choice: 266.63… +0.49
Select: 249.94… +0.17
Choice/Select Spread: 16.69
Total Load Count: 131
Cutter Cow Cutout:
230.78… +1.54
CME Feeder Cattle Index for July 22nd:
152.03… +0.64 / +0.42%
1 Year Change: +9.04%
52 Week Range: 130.15 to 153.82
Futures Settlements…
Live Cattle:
August: 121.50… +0.70
October: 127.15… +0.47
December: 132.30… +0.45
Feeder Cattle:
August: 160.07… +1.87
September: 162.52… +1.82
October: 164.50… +1.88
August Hogs: 107.35… +0.70
September Crude Oil: 71.91
September Corn: 5.4725… -0.1725
September Wheat: 6.8400… -0.0825
Grain Cash Bids:
Kansas City Corn: 6.24… -0.18
Kansas City Wheat: 6.21… -0.09
Financial Markets:
DJIA: 35,061.69… +244.50
S & P 500: 4,411.87… +44.36
NASDAQ: 14,834.46… +152.05
U.S. Dollar Index: 92.88… +0.06