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Apr
13
2022
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Posted 291 days ago ago by Administrator Account
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Daily Market Summary for April 13th
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 Wednesday negotiated cash trading has been slow with light to moderate demand in the Southern Plains, Nebraska and Western Cornbelt. In the Southern Plains live purchases traded steady at 139.00, when compared to the last reported market on Tuesday. In Nebraska dressed purchases traded 1.00 higher at 226.00, when compared to the last reported market on Tuesday, with a few up to 231.00. Not enough live purchases for a market trend. Tuesday saw live purchases from 140.00-142.00. In the Western Cornbelt dressed purchases traded 4.00 higher at 226.00, when compared to last week, with a few up to 230.00. A few live purchases traded steady to 1.00 higher at 143.00, when compared to the last reported market on Tuesday, with a few up to 145.00. Thus far for Wednesday in Colorado negotiated cash trading has been at a standstill. The last reported market was on Tuesday with live purchases from 140.00-142.00.
Negotiated Sales:
Confirmed: 17,965
Week Ago: 8,233
Year Ago: 300
Formula Net - Dressed Steers & Heifers:
Head count priced today: 15,700
Weighted avg. weight: 865.00
Weighted avg. net price: 226.88
Cattle Slaughter under Federal Inspection
Wednesday (est) 126,000
Week ago (est) 125,000
Year ago (act) 116,000
Week to Date 375,000
Same Period Last Week 371,000
Same Period Last Year 346,000
Tuesday
Steers & Heifers: 97,000
Cows & Bulls: 28,000
Boxed Beef:
Cutout Values:
Choice: 272.36… -1.11
Select: 259.37… -1.34
Choice/Select Spread: 12.99
Total Load Count: 149
Cutter Cow Cutout:
225.74… -3.72
CME Feeder Cattle Index for April 13th:
155.86… +0.05 / +0.03%
1 Year Change: +8.57%
52 Week Range: 130.15 to 165.35
Futures Settlements…
Live Cattle:
April: 140.62… +0.67
June: 136.87… +0.57
August: 138.65… +1.00
Feeder Cattle:
April: 158.55… +0.80
May: 161.95… +1.03
August: 174.42… +0.67
May Hogs: 111.52… -0.73
May Crude Oil: 104.25… +3.65
May Corn: 7.8350… +0.0725
May Wheat: 11.1350… +0.0975
Grain Cash Bids:
Omaha Corn: 7.83… +0.05
Kansas City Wheat: 11.13… +0.11
Financial Markets:
DJIA: 34,565.45… +345.56
S & P 500: 4,446.80… +49.59
NASDAQ: 13,641.73… +268.00
U.S. Dollar Index: 99.91… -0.38