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May
03
2022
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Posted 268 days ago ago by Administrator Account
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Daily Market Summary for May 3rd
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, negotiated cash trading has been limited on light demand in Nebraska, Colorado, and the Western Cornbelt. Not enough purchases for a market trend. Negotiated cash trading has been at a standstill in the Sothern Plains. 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: 3,758
Week Ago: 36,240
Year Ago: 33,003
Formula Net - Dressed Steers & Heifers:
Head count priced today: 34,100
Weighted avg. weight: 870.00
Weighted avg. net price: 228.64
Cattle Slaughter under Federal Inspection
Tuesday (est) 126,000
Week ago (est) 125,000
Year ago (act) 122,000
Week to Date 237,000
Same Period Last Week 250,000
Same Period Last Year 237,000
Monday
Steers & Heifers: 85,000
Cows & Bulls: 26,000
Boxed Beef:
Cutout Values:
Choice: 229.55… -3.00
Select: 247.34… -0.89
Choice/Select Spread: 12.21
Total Load Count: 176
Cutter Cow Cutout:
221.69… +2.42
CME Feeder Cattle Index for May 2nd:
155.77… +0.53 / +0.34%
1 Year Change: +17.33%
52 Week Range: 130.15 to 165.35
Futures Settlements…
Live Cattle:
June: 135.32… +0.12
August: 137.32… +0.27
October: 144.52… +0.47
Feeder Cattle:
May: 162.40… +0.98
August: 176.27… +2.20
September: 178.35… +1.68
June Hogs: 102.20… -2.77
June Crude Oil: 102.41… -2.76
July Corn: 7.9300… -0.1050
July Wheat: 10.4550… -0.1000
Grain Cash Bids:
Omaha Corn: 7.98… -0.11
Kansas City Wheat: 10.33… -0.05
Financial Markets:
DJIA: 33,127.01… +63.40
S & P 500: 4,175.22… +19.10
NASDAQ: 12,563.32… +23.71
U.S. Dollar Index: 103.48… -0.26