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Apr
27
2022
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Posted 274 days ago ago by Administrator Account
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Daily Market Summary for April 27th
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 in the Texas Panhandle, negotiated cash trading has been mostly inactive on light demand. In Nebraska and Western Cornbelt negotiated cash trading has been slow on light to moderate demand. In Kansas and Colorado negotiated cash trading has been at a standstill. Not enough purchases in any region for a full market trend. Tuesday was the last reported market in all regions. In the Southern Plains live purchases traded at 140.00. In the Northern Plains live purchases traded from 144.00-146.00 and, in Nebraska, dressed purchases traded at 232.00. In the Western Cornbelt live and dressed purchases traded from 145.00-147.00 and at 232.00, respectively.
Negotiated Sales:
Confirmed: 9,378
Week Ago: 14,719
Year Ago: 38,755
Formula Net - Dressed Steers & Heifers:
Head count priced today: 14,900
Weighted avg. weight: 860.00
Weighted avg. net price: 225.48
Cattle Slaughter under Federal Inspection
Wednesday (est) 125,000
Week ago (est) 125,000
Year ago (act) 120,000
Week to Date 375,000
Same Period Last Week 361,000
Same Period Last Year 359,000
Tuesday
Steers & Heifers: 98,000
Cows & Bulls: 27,000
Boxed Beef:
Cutout Values:
Choice: 261.91... -2.26
Select: 252.32... -3.91
Choice/Select Spread: 9.59
Total Load Count: 160
Cutter Cow Cutout:
220.03… -1.97
CME Feeder Cattle Index for April 26th:
156.21… +0.09 / +0.06%
1 Year Change: +15.65%
52 Week Range: 130.15 to 165.35
Futures Settlements…
Live Cattle:
April: 138.50… -1.50
June: 135.02… -1.23
August: 137.02… -1.25
Feeder Cattle:
May: 157.35… -3.37
August: 168.95… -4.20
September: 172.47… -3.75
May Hogs: 104.17… -1.03
June Crude Oil: 102.02… +0.32
May Corn: 8.1550… +0.1225
May Wheat: 10.8000… -0.0325
Grain Cash Bids:
Omaha Corn: 8.17… +0.10
Kansas City Wheat: 10.89… -0.11
Financial Markets:
DJIA: 33,302.53… +63.08
S & P 500: 4,183.61… +8.21
NASDAQ: 12,490.26… -1.56
U.S. Dollar Index: 102.99… +0.69