|
May
05
2022
|
|
Posted 266 days ago ago by Administrator Account
|
|
Daily Market Summary for May 5th
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 Thursday, negotiated cash trading has been limited on light demand in Kansas, Nebraska, Colorado, and the Western Cornbelt. Not enough purchases for a market trend. Negotiated cash trading has been at a standstill in the Texas Panhandle. Wednesday was the latest reported market in all regions. In the Southern Plains live purchases traded at 140.00. In Nebraska live and dressed purchases traded at 146.00 and 232.00, respectively. In the Western Cornbelt live purchases traded at 146.00 and dressed purchases traded from 230.00-232.00. In Colorado live purchases traded from 142.00-146.00.
Negotiated Sales:
Confirmed: 3,762
Week Ago: 3,338
Year Ago: 6,607
Formula Net - Dressed Steers & Heifers:
Head count priced today: 34,700
Weighted avg. weight: 900.00
Weighted avg. net price: 231.34
Cattle Slaughter under Federal Inspection
Thursday (est) 124,000
Week ago (est) 123,000
Year ago (act) 115,000
Week to Date 487,000
Same Period Last Week 498,000
Same Period Last Year 471,000
Wednesday
Steers & Heifers: 97,000
Cows & Bulls: 29,000
Boxed Beef:
Cutout Values:
Choice: 255.18… -4.56
Select: 245.81… -1.87
Choice/Select Spread: 9.37
Total Load Count: 159
Cutter Cow Cutout:
217.86… -2.60
CME Feeder Cattle Index for May 4th:
155.59… -0.16 / -0.10%
1 Year Change: +18.27%
52 Week Range: 130.15 to 165.35
Futures Settlements…
Live Cattle:
June: 133.77… -1.05
August: 136.02… -1.05
October: 143.40… -1.10
Feeder Cattle:
May: 160.32… -1.93
August: 174.37… -1.83
September: 177.45… -1.20
June Hogs: 107.07… +1.97
June Crude Oil: 108.26… +0.45
July Corn: 7.9750… +0.0325
July Wheat: 11.0650… +0.3000
Grain Cash Bids:
Omaha Corn: 8.03… +0.04
Kansas City Wheat: 11.17… +0.54
Financial Markets:
DJIA: 33,028.98… -1,032.14
S & P 500: 4,149.85… -151.05
NASDAQ: 12,315.50… -646.60
U.S. Dollar Index: 103.53… +0.94