|
May
12
2022
|
|
Posted 262 days ago ago by Administrator Account
|
|
Daily Market Summary for May 12th
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, in Nebraska and Western Cornbelt negotiated cash trading has been limited with light demand. In Kansas negotiated cash trading has been mostly inactive with very light demand. Not enough purchases in any price range for a full market trend in these regions. Wednesday was the last reported market in Nebraska and Western Cornbelt. In Nebraska live and dressed purchases traded at 144.00 and 230.00, respectively. In the Western Cornbelt live and dressed purchases traded from 144.00-145.00 and 227.00-230.00, respectively. Tuesday was the last reported market in Kansas with live purchases at 140.00. Thus far for Thursday in the Texas Panhandle and Colorado negotiated cash trading has been at a standstill. Wednesday was the last reported market in the Texas Panhandle with live purchases at 140.00. Last week in Colorado live purchases traded from 142.00-148.00.
Negotiated Sales:
Confirmed: 5,913
Week Ago: 3,762
Year Ago: 8,129
Formula Net - Dressed Steers & Heifers:
Head count priced today: 24,000
Weighted avg. weight: 886.00
Weighted avg. net price: 233.10
Cattle Slaughter under Federal Inspection
Thursday (est) 124,000
Week ago (est) 124,000
Year ago (act) 115,000
Week to Date 495,000
Same Period Last Week 487,000
Same Period Last Year 466,000
Wednesday
Steers & Heifers: 96,000
Cows & Bulls: 29,000
Boxed Beef:
Cutout Values:
Choice: 257.20… +2.12
Select: 244.36… +2.18
Choice/Select Spread: 12.84
Total Load Count: 137
Cutter Cow Cutout:
217.95… -2.22
CME Feeder Cattle Index for May 11th:
156.61… +0.37 / +0.24%
1 Year Change: +19.54%
52 Week Range: 131.01 to 165.35
Futures Settlements…
Live Cattle:
June: 131.65… -1.92
August: 132.77… -1.88
October: 139.85… -2.07
Feeder Cattle:
May: 156.87… -1.28
August: 166.52… -3.48
September: 169.67… -3.50
June Hogs: 97.47… -3.38
June Crude Oil: 106.13… +0.42
July Corn: 7.9150… +0.0300
July Wheat: 11.7875… +0.6575
Grain Cash Bids:
Omaha Corn: 7.97… +0.03
Kansas City Wheat: 12.10… +0.69
Financial Markets:
DJIA: 31,730.10… -104.27
S & P 500: 3,930.86… -4.39
NASDAQ: 11,368.18… +3.94
U.S. Dollar Index: 104.81… +0.96