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Apr
18
2022
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Posted 283 days ago ago by Administrator Account
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Daily Market Summary for April 18th
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 mostly inactive on very light demand in the Western Cornbelt. Not enough purchases for a market trend. Negotiated cash trading has been at a standstill in all other major feeding regions. Last week in the Southern Plains live purchases traded at 139.00. In Nebraska last week live and dressed purchases traded from 140.00-142.00 and from 225.00-227.00, respectively. In Colorado last week live purchases traded from 140.00-142.00. Last week in the Western Cornbelt live and dressed purchases traded from 142.00-143.00 and at 226.00, respectively.
Negotiated Sales:
Confirmed: 224
Week Ago: 1,710
Year Ago: 164
Formula Net - Dressed Steers & Heifers:
Head count priced today: 39,900
Weighted avg. weight: 872.00
Weighted avg. net price: 220.95
Cattle Slaughter under Federal Inspection
Monday (est) 118,000
Week ago (est) 124,000
Year ago (act) 119,000
Friday
Steers & Heifers: 89,000
Cows & Bulls: 25,000
Boxed Beef:
Cutout Values:
Choice: 271.08… -1.54
Select: 259.46… +0.56
Choice/Select Spread: 11.62
Total Load Count: 107
Cutter Cow Cutout:
227.91… +0.47
CME Feeder Cattle Index for April 14th:
154.62… -1.33% / -0.85%
1 Year Change: +10.34%
52 Week Range: 130.15 to 165.35
Futures Settlements…
Live Cattle:
April: 140.47… -0.20
June: 135.80… -0.62
August: 137.37… -0.95
Feeder Cattle:
April: 155.77… -2.43
May: 159.15… -2.62
August: 171.47… -2.88
May Hogs: 116.52… +3.77
May Crude Oil: 108.21… +1.26
May Corn: 8.1325… +0.2300
May Wheat: 11.2050… +0.2400
Grain Cash Bids:
Omaha Corn: 8.12… +0.23
Kansas City Wheat: 11.24… +0.32
Financial Markets:
DJIA: 34,412.61… -38.23
S & P 500: 4,387.51… -5.07
NASDAQ: 13,332.26… -18.36
U.S. Dollar Index: 100.81… +0.49