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Apr
19
2022
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Posted 282 days ago ago by Administrator Account
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Daily Market Summary for April 19th
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 and demand have been moderate in the Southern Plains with live purchases 1.00 higher compared to last week at 140.00. Negotiated cash trading has been mostly inactive on very light demand in Nebraska and the Western Cornbelt. Not enough purchases for a market trend. Negotiated cash trading has been at a standstill in Colorado. 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: 24,998
Week Ago: 25,693
Year Ago: 74
Formula Net - Dressed Steers & Heifers:
Head count priced today: 23,600
Weighted avg. weight: 868.00
Weighted avg. net price: 226.61
Cattle Slaughter under Federal Inspection
Tuesday (est) 124,000
Week ago (est) 125,000
Year ago (act) 121,000
Week to Date 236,000
Same Period Last Week 249,000
Same Period Last Year 240,000
Monday
Steers & Heifers: 87,000
Cows & Bulls: 25,000
Boxed Beef:
Cutout Values:
Choice: 269.93… -1.15
Select: 259.21… -0.25
Choice/Select Spread: 10.72
Total Load Count: 102
Cutter Cow Cutout:
228.09… +0.18
CME Feeder Cattle Index for April 18th:
154.49… -0.13% / -0.08%
1 Year Change: +11.56%
52 Week Range: 130.15 to 165.35
Futures Settlements…
Live Cattle:
April: 141.35… +0.88
June: 136.57… +0.77
August: 138.17… +0.80
Feeder Cattle:
April: 156.65… +0.88
May: 160.77… +1.62
August: 171.45… -0.02
May Hogs: 114.70… -1.82
May Crude Oil: 102.56… -5.65
May Corn: 8.0400… -0.0925
May Wheat: 10.9900… -0.2150
Grain Cash Bids:
Omaha Corn: 8.05… -0.07
Kansas City Wheat: 11.11… -0.13
Financial Markets:
DJIA: 34,912.88… +500.27
S & P 500: 4,462.48… +74.97
NASDAQ: 13,619.66… +287.40
U.S. Dollar Index: 100.99… +0.21