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Apr
12
2022
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Posted 292 days ago ago by Administrator Account
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Daily Market Summary for April 12th
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 in Kansas, negotiated cash trading has been active with good demand. Compared to last week live purchases traded 1.00 higher at 139.00. In the Texas Panhandle, Northern Plains and Western Cornbelt negotiated cash trading has been slow on light demand. In Nebraska and Western Cornbelt a few live purchases traded at 142.00. However, not enough purchases in any of these regions for a full market trend.
Last week in the Texas Panhandle 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: 25,693
Week Ago: 28,123
Year Ago: 218
Formula Net - Dressed Steers & Heifers:
Head count priced today: 24,000
Weighted avg. weight: 876.00
Weighted avg. net price: 224.59
Cattle Slaughter under Federal Inspection
Tuesday (est) 125,000
Week ago (est) 125,000
Year ago (act) 117,000
Week to Date 249,000
Same Period Last Week 246,000
Same Period Last Year 230,000
Monday
Steers & Heifers: 97,000
Cows & Bulls: 27,000
Boxed Beef:
Cutout Values:
Choice: 273.47… +1.36
Select: 260.71… +0.42
Choice/Select Spread: 12.76
Total Load Count: 115
Cutter Cow Cutout:
229.46… +2.36
CME Feeder Cattle Index for April 11th:
155.81… +0.14/ +0.09%
1 Year Change: +8.46%
52 Week Range: 130.15 to 165.35
Futures Settlements…
Live Cattle:
April: 139.95… +1.43
June: 136.30… +1.50
August: 137.65… +1.03
Feeder Cattle:
April: 157.75… +1.10
May: 160.92… +1.02
August: 173.75… +0.45
May Hogs: 112.25… +3.25
May Crude Oil: 100.60… +6.31
May Corn: 7.7625… +0.1175
May Wheat: 11.0375… +0.2250
Grain Cash Bids:
Omaha Corn: 7.78… +0.14
Kansas City Wheat: 11.02… +0.21
Financial Markets:
DJIA: 34,219.89… -83.54
S & P 500: 4,397.21… -13.38
NASDAQ: 13,373.73… -40.02
U.S. Dollar Index: 100.28… +0.35