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Mar
29
2022
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Posted 1 years 62 days ago ago by Administrator Account
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Daily Market Summary for March 29th
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 at a standstill in the Southern Plains and Nebraska. In the Western Cornbelt negotiated cash trading has been mostly inactive with very light demand. Not enough purchases for a market trend. Last week in the Southern Plains and Nebraska live purchases traded at 138.00, and dressed purchases, in Nebraska, traded at 221.00. For the prior week in the Western Cornbelt live and dressed purchases ranged from 138.00-142.00 and 221.00-225.00, respectively.
Negotiated Sales:
Confirmed: 190
Week Ago: 223
Year Ago: 1,028
Formula Net - Dressed Steers & Heifers:
Head count priced today: 28,900
Weighted avg. weight: 860.00
Weighted avg. net price: 224.40
Cattle Slaughter under Federal Inspection
Tuesday (est) 125,000
Week ago (est) 123,000
Year ago (act) 119,000
Week to Date 244,000
Same Period Last Week 242,000
Same Period Last Year 236,000
Monday
Steers & Heifers: 91,000
Cows & Bulls: 28,000
Boxed Beef:
Cutout Values:
Choice: 264.50… +0.63
Select: 254.84… -1.48
Choice/Select Spread: 9.66
Total Load Count: 87
Cutter Cow Cutout:
228.70… -0.39
CME Feeder Cattle Index for March 28th:
155.29… +0.18 / +0.12%
1 Year Change: +11.12%
52 Week Range: 130.15 to 165.35
Futures Settlements…
Live Cattle:
April: 140.90… +0.60
June: 138.47… +1.70
August: 138.52… +1.22
Feeder Cattle:
March: 156.70… +0.60
April: 164.35… +3.53
May: 169.40… +4.33
April Hogs: 106.05… -1.52
May Crude Oil: 104.24… -1.72
May Corn: 7.2625… -0.2195
May Wheat: 10.1425… -0.4275
Grain Cash Bids:
Omaha Corn: 7.14… -0.22
Kansas City Wheat: 9.59… -0.46
Financial Markets:
DJIA: 35,295.11… +364.88
S & P 500: 4,631.68… +59.05
NASDAQ: 14,613.35… +266.54
U.S. Dollar Index: 98.42… -0.67