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May
10
2022
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Posted 261 days ago ago by Administrator Account
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Daily Market Summary for May 10th
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, in the Southern Plains negotiated cash trading has been light to moderate with moderate demand. In the Texas Panhandle live purchases have traded steady to 1.00 lower from 139.00-140.00, when compared to last week. In Kansas live purchases have traded steady at 140.00, when compared to the prior week. In the Northern Plains negotiated cash trading has been limited on light demand. Not enough purchases for a market trend. In the Western Cornbelt negotiated cash trading has been at a standstill. Last week 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: 19,361
Week Ago: 3,758
Year Ago: 9,927
Formula Net - Dressed Steers & Heifers:
Head count priced today: 24,900
Weighted avg. weight: 869.00
Weighted avg. net price: 229.52
Cattle Slaughter under Federal Inspection
Tuesday (est) 125,000
Week ago (est) 126,000
Year ago (act) 119,000
Week to Date 246,000
Same Period Last Week 237,000
Same Period Last Year 232,000
Monday
Steers & Heifers: 94,000
Cows & Bulls: 27,000
Boxed Beef:
Cutout Values:
Choice: 255.24… -3.05
Select: 242.35… -0.78
Choice/Select Spread: 12.89
Total Load Count: 202
Cutter Cow Cutout:
219.55… +0.97
CME Feeder Cattle Index for May 9th:
156.33… +0.12 / +0.08%
1 Year Change: +19.84%
52 Week Range: 130.15 to 165.35
Futures Settlements…
Live Cattle:
June: 132.40… -1.15
August: 134.10… -1.27
October: 141.37… -1.25
Feeder Cattle:
May: 158.92… -0.88
August: 171.85… -2.37
September: 174.95… -2.27
June Hogs: 101.57… +0.27
June Crude Oil: 99.76… -3.33
July Corn: 7.7525… +0.0325
July Wheat: 10.9275… Unchanged
Grain Cash Bids:
Omaha Corn: 7.80… +0.03
Kansas City Wheat: 11.15… +0.11
Financial Markets:
DJIA: 32,160.15… -85.42
S & P 500: 4,000.95… +9.76
NASDAQ: 11,737.35… +106.39
U.S. Dollar Index: 103.95… +0.30