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Apr
29
2022
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Posted 272 days ago ago by Administrator Account
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Daily Market Summary for April 29th
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 Friday, negotiated cash trading in the Southern and Northern Plains has been mostly inactive with very light demand. In the Western Cornbelt negotiated cash trading has been limited with light demand. Not enough purchases for a full market trend in any region. Tuesday was the last reported market in all regions. In the Southern Plains live purchases traded at 140.00. In Nebraska and Colorado 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 trading from 145.00-147.00 and at 232.00, respectively.
Negotiated Sales:
Confirmed: 1,886
Week Ago: 2,668
Year Ago: 2,600
Formula Net - Dressed Steers & Heifers:
Head count priced today: 27,700
Weighted avg. weight: 840.00
Weighted avg. net price: 226.87
Cattle Slaughter under Federal Inspection
Friday (est) 118,000
Week ago (est) 119,000
Year ago (act) 116,000
Week to Date 616,000
Same Period Last Week 602,000
Same Period Last Year 596,000
Thursday
Steers & Heifers: 94,000
Cows & Bulls: 29,000
Boxed Beef:
Cutout Values:
Choice: 260.78… -1.82
Select: 247.97… -3.09
Choice/Select Spread: 12.81
Total Load Count: 127
Cutter Cow Cutout:
220.55… -0.81
CME Feeder Cattle Index for April 28th:
155.64… -0.72 / -0.46%
1 Year Change: +16.04%
52 Week Range: 130.15 to 165.35
Futures Settlements…
Live Cattle:
June: 132.65… -1.25
August: 135.27… -1.08
October: 142.47… -0.58
Feeder Cattle:
May: 156.35… -1.60
August: 168.27… -2.13
September: 171.42… -1.98
May Hogs: 100.90… -3.07
June Crude Oil: 105.36
May Corn: 8.1825… +0.0225
May Wheat: 10.4375… -0.3025
Grain Cash Bids:
Omaha Corn: 8.19… Unchanged
Kansas City Wheat: 10.41… -0.35
Financial Markets:
DJIA: 32,978.52… -939.78
S & P 500: 4,131.76… -157.40
NASDAQ: 12,334.98… -525.95
U.S. Dollar Index: 103.16… -0.46