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Apr
20
2022
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Posted 1 years 156 days ago ago by Administrator Account
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Daily Market Summary for April 20th
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 on light demand in Nebraska with a few live purchases at 146.00. In the Western Cornbelt has been slow on light demand with a few live purchases at 145.00. Negotiated cash trading has been mostly inactive on very light demand in the Southern Plains and at a standstill in Colorado. Not enough purchases in any region for a market trend. On Tuesday in the Southern Plains live purchases traded at 140.00. In Nebraska on Tuesday, live and dressed purchases traded from 144.00-146.00 and at 230.00, respectively. On Tuesday in the Western Cornbelt live and dressed purchases traded from 145.00-146.00 and at 230.00, respectively. The last reported market in Colorado was last week with live purchases from 140.00-142.00.
Negotiated Sales:
Confirmed: 14,719
Week Ago: 17,965
Year Ago: 14,311
Formula Net - Dressed Steers & Heifers:
Head count priced today: 18,300
Weighted avg. weight: 874.00
Weighted avg. net price: 224.48
Cattle Slaughter under Federal Inspection
Wednesday (est) 125,000
Week ago (est) 126,000
Year ago (act) 120,000
Week to Date 361,000
Same Period Last Week 375,000
Same Period Last Year 360,000
Tuesday
Steers & Heifers: 97,000
Cows & Bulls: 27,000
Boxed Beef:
Cutout Values:
Choice: 268.82… -1.11
Select: 256.53… -2.68
Choice/Select Spread: 12.29
Total Load Count: 137
Cutter Cow Cutout:
223.97… -4.12
CME Feeder Cattle Index for April 19th:
154.66… +0.17 / +0.11%
1 Year Change: +11.81%
52 Week Range: 130.15 to 165.35
Futures Settlements…
Live Cattle:
April: 143.07… +1.72
June: 138.62… +2.05
August: 140.15… +1.98
Feeder Cattle:
April: 157.50… +0.85
May: 162.47… +1.70
August: 173.47… +2.02
May Hogs: 112.47… -2.23
May Crude Oil: 102.75… +0.19
May Corn: 8.1575… +0.1175
May Wheat: 10.8800… -0.1100
Grain Cash Bids:
Omaha Corn: 8.15… +0.10
Kansas City Wheat: 11.05… -0.06
Financial Markets:
DJIA: 35,160.99… +248.11
S & P 500: 4,460.56… -1.92
NASDAQ: 13,455.19… -164.47
U.S. Dollar Index: 100.30… -0.66