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May
06
2022
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Posted 265 days ago ago by Administrator Account
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Daily Market Summary for May 6th
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 in Nebraska, negotiated cash trading has been limited on light demand. In the Southern Plains, Colorado and Western Cornbelt negotiated cash trading has been mostly inactive on light demand. Not enough purchase in any region for a market trend. In Kansas on Thursday live purchases traded at 138.00. In all other regions the last reported market was on Wednesday. In the Texas Panhandle 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: 3,896
Week Ago: 1,886
Year Ago: 1,229
Formula Net - Dressed Steers & Heifers:
Head count priced today: 26,100
Weighted avg. weight: 848.00
Weighted avg. net price: 228.78
Cattle Slaughter under Federal Inspection
Friday (est) 121,000
Week ago (est) 118,000
Year ago (act) 111,000
Week to Date 608,000
Same Period Last Week 616,000
Same Period Last Year 582,000
Friday
Steers & Heifers: 95,000
Cows & Bulls: 29,000
Boxed Beef:
Cutout Values:
Choice: 254.44… -0.74
Select: 245.06… 75
Choice/Select Spread: 9.38
Total Load Count: 80
Cutter Cow Cutout:
219.01… +1.15
CME Feeder Cattle Index for May 5th:
155.60… +0.01 / +0.01%
1 Year Change: +18.93%
52 Week Range: 130.15 to 165.35
Futures Settlements…
Live Cattle:
June: 132.75… -1.02
August: 135.35… -0.67
October: 142.87… -0.53
Feeder Cattle:
May: 159.55… -0.77
August: 174.70… +0.33
September: 177.95… +0.50
June Hogs: 104.10… -2.97
June Crude Oil: 109.77… +1.51
July Corn: 7.8475… -0.1275
July Wheat: 11.0850… +0.0200
Grain Cash Bids:
Omaha Corn: 7.90… -0.13
Kansas City Wheat: 11.11… -0.06
Financial Markets:
DJIA: 32,901.08… -96.89
S & P 500: 4,123.73… -26.12
NASDAQ: 12,153.28… -162.22
U.S. Dollar Index: 103.62… -0.13