|
May
02
2022
|
|
Posted 269 days ago ago by Administrator Account
|
|
Daily Market Summary for May 2nd
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 Monday, negotiated cash trading has been at a standstill in all major feeding regions. Last week in the Southern Plains live purchases traded at 140.00. For the prior week in Nebraska live and dressed purchases traded at 146.00 and 232.00, respectively. Last week in Colorado live purchases traded from 146.00-147.00. For the previous week in the Western Cornbelt live and dressed purchases traded from 145.00-147.00 and at 232.00, respectively.
Negotiated Sales:
Confirmed: 70
Week Ago: 6,116
Year Ago: 4,854
Formula Net - Dressed Steers & Heifers:
Head count priced today: 33,000
Weighted avg. weight: 869.00
Weighted avg. net price: 225.86
Cattle Slaughter under Federal Inspection
Monday (est) 115,000
Week ago (est) 125,000
Year ago (act) 115,000
Friday
Steers & Heifers: 94,000
Cows & Bulls: 24,000
Boxed Beef:
Cutout Values:
Choice: 262.55… +1.77
Select: 248.23… +0.26
Choice/Select Spread: 14.32
Total Load Count: 79
Cutter Cow Cutout:
219.27… -1.28
CME Feeder Cattle Index for April 29th:
155.24… -0.40 / -0.26%
1 Year Change: +17.05%
52 Week Range: 130.15 to 165.35
Futures Settlements…
Live Cattle:
June: 135.20… +2.55
August: 137.05… +1.78
October: 144.05… +1.58
Feeder Cattle:
May: 161.42… +5.07
August: 174.07… +5.80
September: 176.67… +5.25
June Hogs: 104.97… -1.40
June Crude Oil: 105.17… +0.48
July Corn: 8.0350… -0.1000
July Wheat: 10.5550… -0.0025
Grain Cash Bids:
Omaha Corn: 8.09… -0.10
Kansas City Wheat: 10.33… -0.08
Financial Markets:
DJIA: 33,063.61… +85.09
S & P 500: 4,156.12… +24.36
NASDAQ: 12,539.61… +204.63
U.S. Dollar Index: 103.61… +0.65