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Mar
21
2022
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Posted 311 days ago ago by Administrator Account
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Daily Market Summary for March 21st
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 Monday, negotiated cash trading has been mostly inactive on very light demand in the Western Cornbelt. Not enough purchases for a market trend. Negotiated cash trading has been at a standstill in all other major feeding regions. Last week in the Southern Plains live purchases traded at 138.00. In Nebraska last week live and dressed purchases traded at 138.00 and 221.00, respectively. Last week in the Western Cornbelt live and dressed purchases traded from 140.00-142.00 and at 222.00, respectively.
Negotiated Sales:
Confirmed: 207
Week Ago: 133
Year Ago: 75
Formula Net - Dressed Steers & Heifers:
Head count priced today: 33,800
Weighted avg. weight: 874.00
Weighted avg. net price: 220.31
Cattle Slaughter under Federal Inspection
Monday (est) 119,000
Week ago (est) 125,000
Year ago (act) 116,000
Friday
Steers & Heifers: 72,000
Cows & Bulls: 28,000
Boxed Beef:
Cutout Values:
Choice: 258.50… +0.34
Select: 252.50… +1.85
Choice/Select Spread: 6.00
Total Load Count: 90
Cutter Cow Cutout:
230.92… +0.75
CME Feeder Cattle Index for March 18th:
154.93… +0.08 / +0.05%
1 Year Change: +15.40%
52 Week Range: 130.15 to 165.35
Futures Settlements…
Live Cattle:
April: 140.05… -0.45
June: 136.35… -0.72
August: 137.27… -0.33
Feeder Cattle:
March: 156.10… -0.90
April: 161.20… -1.12
May: 165.75… -1.70
April Hogs: 100.62… +1.22
April Crude Oil: 112.12… +7.42
May Corn: 7.5625… +0.1450
May Wheat: 11.1925… +0.5550
Grain Cash Bids:
Omaha Corn: 7.33… +0.15
Kansas City Wheat: 10.38… +0.41
Financial Markets:
DJIA: 34,552.99… -196.57
S & P 500: 4,461.18… -0.90
NASDAQ: 13,838.46… -51.32
U.S. Dollar Index: 98.53… +0.30