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Apr
21
2022
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Posted 280 days ago ago by Administrator Account
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Daily Market Summary for April 21st
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 Thursday, negotiated cash trading has been limited on light demand in Kansas, Nebraska, and the Western Cornbelt. Not enough purchases for a market trend. Negotiated cash trading has been at a standstill in the Texas Panhandle and Colorado. 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: 2,413
Week Ago: 3,795
Year Ago: 22,156
Formula Net - Dressed Steers & Heifers:
Head count priced today: 23,700
Weighted avg. weight: 848.00
Weighted avg. net price: 223.59
Cattle Slaughter under Federal Inspection
Thursday (est) 122,000
Week ago (est) 123,000
Year ago (act) 119,000
Week to Date 483,000
Same Period Last Week 498,000
Same Period Last Year 479,000
Wednesday
Steers & Heifers: 97,000
Cows & Bulls: 28,000
Boxed Beef:
Cutout Values:
Choice: 270.17… +1.35
Select: 255.68… -0.85
Choice/Select Spread: 14.49
Total Load Count: 104
Cutter Cow Cutout:
221.28… -2.69
CME Feeder Cattle Index for April 20th:
154.66… +0.17 / +0.11%
1 Year Change: +11.81%
52 Week Range: 130.15 to 165.35
Futures Settlements…
Live Cattle:
April: 144.10… +1.03
June: 139.90… +1.28
August: 141.57… +1.42
Feeder Cattle:
April: 158.45… +0.95
May: 164.85… +2.38
August: 176.45… +2.98
May Hogs: 110.85… -1.62
June Crude Oil: 103.79… -1.04
May Corn: 7.9925… -0.1650
May Wheat: 10.6800… -0.2000
Grain Cash Bids:
Omaha Corn: 8.00… -0.15
Kansas City Wheat: 10.79… -0.26
Financial Markets:
DJIA: 34,792.30… -368.69
S & P 500: 4,393.80… -66.76
NASDAQ: 13,178.02… -277.17
U.S. Dollar Index: 100.63… +0.24