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May
09
2022
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Posted 262 days ago ago by Administrator Account
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Daily Market Summary for May 9th
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 in the Western Cornbelt, negotiated cash trading has been mostly inactive on light demand. Not enough purchases for a market trend. In the Southern and Northern Plains negotiated cash trading has been at a standstill. Last week 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 Colorado live purchases traded from 142.00-148.00. In the Western Cornbelt week live and dressed purchases traded from 144.00-147.00 and from 230.00-232.00, respectively.
Negotiated Sales:
Confirmed: 102
Week Ago: 70
Year Ago: 806
Formula Net - Dressed Steers & Heifers:
Head count priced today: 37,800
Weighted avg. weight: 849.00
Weighted avg. net price: 226.66
Cattle Slaughter under Federal Inspection
Monday (est) 121,000
Week ago (est) 111,000
Year ago (act) 113,000
Friday
Steers & Heifers: 95,000
Cows & Bulls: 26,000
Boxed Beef:
Cutout Values:
Choice: 258.29… +3.85
Select: 243.13… -1.93
Choice/Select Spread: 15.16
Total Load Count: 131
Cutter Cow Cutout:
218.58… -0.43
CME Feeder Cattle Index for May 6th:
155.60… +0.01 / +0.01%
1 Year Change: +18.93%
52 Week Range: 130.15 to 165.35
Futures Settlements…
Live Cattle:
June: 133.55… +0.80
August: 135.37… 0.02
October: 142.62… -0.25
Feeder Cattle:
May: 159.80… +0.25
August: 174.22… -0.48
September: 177.22… -0.73
June Hogs: 101.30… -2.80
June Crude Oil: 103.09… -6.68
July Corn: 7.7200… -0.1275
July Wheat: 10.9275… -0.1575
Grain Cash Bids:
Omaha Corn: 7.77… -0.13
Kansas City Wheat: 11.04… -0.07
Financial Markets:
DJIA: 32,245.57… -655.51
S & P 500: 3,991.19… -132.54
NASDAQ: 11,630.96… -522.32
U.S. Dollar Index: 103.68… +0.02