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Mar
25
2022
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Posted 1 years 182 days ago ago by Administrator Account
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Daily Market Summary for March 25th
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, negotiated cash trading has been limited on light demand in all major feeding regions. Not enough purchases for a market trend. Wednesday was the last reported market in any region. In the Southern Plains live purchases traded at 138.00. In Nebraska live and dressed purchases traded at 138.00 and 221.00, respectively. In the Western Cornbelt live and dressed purchases traded from 139.00-142.00 and at 221.00, respectively.
Negotiated Sales:
Confirmed: 2,371
Week Ago: 8,994
Year Ago: 5,041
Formula Net - Dressed Steers & Heifers:
Head count priced today: 30,000
Weighted avg. weight: 862.00
Weighted avg. net price: 222.19
Cattle Slaughter under Federal Inspection
Friday (est) 114,000
Week ago (est) 100,000
Year ago (act) 114,000
Week to Date 602,000
Same Period Last Week 600,000
Same Period Last Year 591,000
Thursday
Steers & Heifers: 94,000
Cows & Bulls: 28,000
Boxed Beef:
Cutout Values:
Choice: 262.64… +0.23
Select: 252.14… -0.45
Choice/Select Spread: 10.50
Total Load Count: 76
Cutter Cow Cutout:
228.65… -0.30
CME Feeder Cattle Index for March 24th:
154.82… +0.13 / +0.08%
1 Year Change: +13.21%
52 Week Range: 130.15 to 165.35
Futures Settlements…
Live Cattle:
April: 140.47… +0.80
June: 137.37… +0.42
August: 138.12… +0.42
Feeder Cattle:
March: 156.42… -0.35
April: 161.57… -1.15
May: 165.32… -1.18
April Hogs: 107.47… +4.70
May Crude Oil: 113.90… +1.56
May Corn: 7.5400… +0.0575
May Wheat: 11.0225… +0.1650
Grain Cash Bids:
Omaha Corn: 7.40… +0.06
Kansas City Wheat: 10.42… +0.17
Financial Markets:
DJIA: 34,861.70… +154.58
S & P 500: 4,543.10… +22.75
NASDAQ: 14,155.71… -36.74
U.S. Dollar Index: 98.77… -0.02