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Apr
11
2022
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Posted 293 days ago ago by Administrator Account
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Daily Market Summary for April 11th
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 at a standstill in the Southern and Northern Plains. In the Western Cornbelt negotiated cash trading has been limited on light demand. Not enough purchases for a market trend. Last week in the Southern Plains and Colorado live purchases traded at 138.00. In Nebraska live and dressed purchases traded from 138.00-140.00 and dressed at 222.00, respectively. In the Western Cornbelt live and dressed purchases traded at 140.00 and at 222.00, respectively.
Negotiated Sales:
Confirmed: 1,710
Week Ago: 9,657
Year Ago: 201
Formula Net - Dressed Steers & Heifers:
Head count priced today: 36,000
Weighted avg. weight: 853.00
Weighted avg. net price: 220.92
Cattle Slaughter under Federal Inspection
Monday (est) 124,000
Week ago (est) 121,000
Year ago (act) 113,000
Monday
Steers & Heifers: 91,000
Cows & Bulls: 29,000
Boxed Beef:
Cutout Values:
Choice: 272.11… +1.64
Select: 260.29… -0.04
Choice/Select Spread: 11.82
Total Load Count: 82
Cutter Cow Cutout:
227.10… -0.76
CME Feeder Cattle Index for April 8th:
155.81… -0.20 / -0.13%
1 Year Change: +8.68%
52 Week Range: 130.15 to 165.35
Futures Settlements…
Live Cattle:
April: 138.52… +0.70
June: 134.80… +0.98
August: 136.62… +0.77
Feeder Cattle:
April: 156.65… +0.10
May: 159.90… +0.53
August: 173.30… -0.25
May Hogs: 109.00… +0.58
May Crude Oil: 94.29… +3.97
May Corn: 7.6450… -0.0425
May Wheat: 10.8125… +0.2975
Grain Cash Bids:
Omaha Corn: 7.64… -0.02
Kansas City Wheat: 10.81… +0.36
Financial Markets:
DJIA: 34,303.43… -419.60
S & P 500: 4,410.59… -78.09
NASDAQ: 13,413.75… -297.25
U.S. Dollar Index: 99.97… +0.17