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May
13
2022
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Posted 261 days ago ago by Administrator Account
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Daily Market Summary for May 13th
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 the Western Cornbelt, negotiated cash trading has been limited on light demand. In the Southern and Northern Plains negotiated cash trading has been mostly inactive with very light demand. Not enough purchases for a market trend in any region. Wednesday was the last reported market in the Texas Panhandle, Nebraska and Western Cornbelt. In the Texas Panhandle with live purchases at 140.00. 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. Last week in Colorado live purchases traded from 142.00-148.00.
Negotiated Sales:
Confirmed: 1,120
Week Ago: 3,896
Year Ago: 3,658
Formula Net - Dressed Steers & Heifers:
Head count priced today: 29,600
Weighted avg. weight: 841.00
Weighted avg. net price: 227.58
Cattle Slaughter under Federal Inspection
Friday (est) 120,000
Week ago (est) 121,000
Year ago (act) 116,000
Week to Date 615,000
Same Period Last Week 608,000
Same Period Last Year 582,000
Thursday
Steers & Heifers: 95,000
Cows & Bulls: 29,000
Boxed Beef:
Cutout Values:
Choice: 257.20
Select: 244.36
Choice/Select Spread: 12.84
Total Load Count: 137
Cutter Cow Cutout:
217.92… -0.03
CME Feeder Cattle Index for May 12th:
156.36… -0.25 / -0.16%
1 Year Change: +18.70%
52 Week Range: 131.73 to 165.35
Futures Settlements…
Live Cattle:
June: 132.07… +0.42
August: 132.35… -0.42
October: 139.12… -0.73
Feeder Cattle:
May: 157.87… +1.00
August: 168.02… +1.50
September: 170.67… +1.00
June Hogs: 100.75… +3.28
June Crude Oil: 110.49… +4.36
July Corn: 7.8125… -0.1025
July Wheat: 11.7750… -0.0125
Grain Cash Bids:
Omaha Corn: 7.86… -0.11
Kansas City Wheat: 12.22… +0.12
Financial Markets:
DJIA: 32,195.94… +465.84
S & P 500: 4,023.86… +93.00
NASDAQ: 11,805.00… +436.92
U.S. Dollar Index: 104.58… -0.27