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May
11
2022
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Posted 260 days ago ago by Administrator Account
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Daily Market Summary for May 11th
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 Wednesday in the Texas Panhandle, Nebraska and Western Cornbelt, negotiated cash trading has been slow with moderate demand. In the Texas Panhandle, compared to the last reported market on Tuesday, live purchases traded steady at 140.00. In Nebraska, compared to the last reported market on Tuesday, live and dressed purchases traded steady at 144.00 and 230.00, respectively. Not enough purchases in the Western Cornbelt for a market trend. For the prior week live and dressed purchases traded from 144.00-147.00 and from 230.00-232.00, respectively. Thus far Wednesday in Kansas and Colorado negotiated cash trading has been mostly inactive on light demand. Not enough purchases for a market trend. In Kansas the last reported market was on Tuesday with live purchases at 140.00. In Colorado last week live purchases traded from 142.00-148.00.
Negotiated Sales:
Confirmed: 14,591
Week Ago: 44,524
Year Ago: 20,153
Formula Net - Dressed Steers & Heifers:
Head count priced today: 15,700
Weighted avg. weight: 861.00
Weighted avg. net price: 226.74
Cattle Slaughter under Federal Inspection
Wednesday (est) 125,000
Week ago (est) 126,000
Year ago (act) 119,000
Week to Date 371,000
Same Period Last Week 363,000
Same Period Last Year 351,000
Tuesday
Steers & Heifers: 98,000
Cows & Bulls: 27,000
Boxed Beef:
Cutout Values:
Choice: 255.08… -0.16
Select: 242.18… -0.17
Choice/Select Spread: 12.90
Total Load Count: 185
Cutter Cow Cutout:
220.17… +0.62
CME Feeder Cattle Index for May 10th:
156.24… -0.09 / -0.06%
1 Year Change: +19.66%
52 Week Range: 130.57 to 165.35
Futures Settlements…
Live Cattle:
June: 133.57… +1.17
August: 134.65… +0.55
October: 141.92… +0.55
Feeder Cattle:
May: 158.15… -0.77
August: 170.00… -1.85
September: 173.17… -1.78
June Hogs: 100.85… -0.72
June Crude Oil: 105.71… +5.95
July Corn: 7.8550… +0.1325
July Wheat: 11.1300… +0.2025
Grain Cash Bids:
Omaha Corn: 7.94… +0.14
Kansas City Wheat: 11.41… +0.26
Financial Markets:
DJIA: 31,834.37… -325.78
S & P 500: 3,935.25… -65.70
NASDAQ: 11,364.24… -373.11
U.S. Dollar Index: 103.99… +0.07