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Apr
26
2022
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Posted 275 days ago ago by Administrator Account
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Daily Market Summary for April 26th
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 in Kansas, negotiated cash trading and demand have been moderate. In the Texas Panhandle negotiated cash trading has been limited on light demand. Compared to the last reported market on Monday live purchases traded steady at 140.00. In Nebraska negotiated cash trading and demand have been moderate. Compared to last week live purchases traded steady to 1.00 higher from 145.00-146.00 and dressed purchases traded unevenly steady at 232.00. In Colorado and Western Cornbelt negotiated cash trading has been limited on light demand. Not enough purchases in these regions for a full market trend. In Colorado for the previous week live purchases traded from 144.00-145.00. Last week in the Western Cornbelt live and dressed purchases traded from 145.00-146.00 and 230.00-236.00, respectively.
Negotiated Sales:
Confirmed: 36,240
Week Ago: 24,998
Year Ago: 787
Formula Net - Dressed Steers & Heifers:
Head count priced today: 19,500
Weighted avg. weight: 858.00
Weighted avg. net price: 227.98
Cattle Slaughter under Federal Inspection
Tuesday (est) 125,000
Week ago (est) 124,000
Year ago (act) 121,000
Week to Date 250,000
Same Period Last Week 236,000
Same Period Last Year 239,000
Monday
Steers & Heifers: 98,000
Cows & Bulls: 27,000
Boxed Beef:
Cutout Values:
Choice: 264.17… -2.43
Select: 256.23… -0.29
Choice/Select Spread: 7.94
Total Load Count: 183
Cutter Cow Cutout:
222.00… -1.89
CME Feeder Cattle Index for April 25th:
156.12… -0.40 / -0.26%
1 Year Change: +15.46%
52 Week Range: 130.15 to 165.35
Futures Settlements…
Live Cattle:
April: 140.00… +0.90
June: 136.25… +0.83
August: 138.27… +0.95
Feeder Cattle:
April: 156.20… -0.35
May: 160.72… -0.58
August: 173.15… -1.35
May Hogs: 105.20… -2.60
June Crude Oil: 101.70… +3.16
May Corn: 8.0325… +0.0300
May Wheat: 10.8325… +0.2125
Grain Cash Bids:
Omaha Corn: 8.07… +0.04
Kansas City Wheat: 11.00… +0.12
Financial Markets:
DJIA: 33,239.45… -812.58
S & P 500: 4,175.40… -121.05
NASDAQ: 12,491.82… -510.82
U.S. Dollar Index: 102.35… +0.60