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Mar
22
2022
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Posted 310 days ago ago by Administrator Account
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Daily Market Summary for March 22nd
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 Tuesday, 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: 223
Week Ago: 337
Year Ago: 185
Formula Net - Dressed Steers & Heifers:
Head count priced today: 30,100
Weighted avg. weight: 863.00
Weighted avg. net price: 222.98
Cattle Slaughter under Federal Inspection
Tuesday (est) 123,000
Week ago (est) 125,000
Year ago (act) 118,000
Week to Date 242,000
Same Period Last Week 250,000
Same Period Last Year 234,000
Monday
Steers & Heifers: 92,000
Cows & Bulls: 27,000
Boxed Beef:
Cutout Values:
Choice: 259.97… +1.47
Select: 251.89… -0.61
Choice/Select Spread: 8.08
Total Load Count: 125
Cutter Cow Cutout:
227.96... -2.96
CME Feeder Cattle Index for March 21st:
155.13… +0.20 / +0.13%
1 Year Change: +15.22%
52 Week Range: 130.15 to 165.35
Futures Settlements…
Live Cattle:
April: 139.42… -0.63
June: 135.70… -0.65
August: 136.92… -0.35
Feeder Cattle:
March: 156.32… +0.22
April: 160.57… -0.63
May: 165.42… -0.33
April Hogs: 100.25… -0.37
April Crude Oil: 111.76… -0.36
May Corn: 7.5300… -0.0325
May Wheat: 11.1825… -0.0100
Grain Cash Bids:
Omaha Corn: 7.35… +0.02
Kansas City Wheat: 10.45… +0.07
Financial Markets:
DJIA: 34,807.86... +254.87
S & P 500: 4,512.19... +51.01
NASDAQ: 14,104.45... +265.99
U.S. Dollar Index: 98.45... +0.05