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May
16
2022
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Posted 258 days ago ago by Administrator Account
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Daily Market Summary for May 16th
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, negotiated cash trading has been slow on light demand in the Western Cornbelt with live purchases steady to 3.00 lower compared to last week at 142.00. Not enough dressed purchases for a market trend. Last week in the Western Cornbelt dressed purchases traded from 227.00-230.00. Negotiated cash trading has been at a standstill in all other major feeding regions. Last week in the Southern Plains live purchases traded at 140.00. In Nebraska last week live and dressed purchases traded at 144.00 and from 227.00-230.00, respectively. Last week in Colorado live purchases traded from 140.00-144.00.
Negotiated Sales:
Confirmed: 5,061
Week Ago: 102
Year Ago: 1,363
Formula Net - Dressed Steers & Heifers:
Head count priced today: 32,400
Weighted avg. weight: 862.00
Weighted avg. net price: 225.28
Cattle Slaughter under Federal Inspection
Monday (est) 124,000
Week ago (est) 121,000
Year ago (act) 114,000
Friday
Steers & Heifers: 94,000
Cows & Bulls: 26,000
Boxed Beef:
Cutout Values:
Choice: 260.31… +1.36
Select: 245.67… +1.77
Choice/Select Spread: 14.64
Total Load Count: 95
Cutter Cow Cutout:
217.80… -0.12
CME Feeder Cattle Index for May 13th:
156.00… -0.36 / -0.23%
1 Year Change: +16.5%
52 Week Range: 133.70 to 165.35
Futures Settlements…
Live Cattle:
June: 133.17… +1.10
August: 133.90… +1.55
October: 139.85… +0.73
Feeder Cattle:
May: 157.40… -0.47
August: 167.42… -0.60
September: 170.05… -0.62
June Hogs: 103.82… +3.07
June Crude Oil: 114.20… +3.71
July Corn: 8.0950… +0.2825
July Wheat: 12.4750… -0.7000
Grain Cash Bids:
Omaha Corn: 8.15… +0.29
Kansas City Wheat: 12.92… +0.70
Financial Markets:
DJIA: 32,224.01… +28.07
S & P 500: 4,008.65… -15.21
NASDAQ: 11,664.76… -140.24
U.S. Dollar Index: 104.22… -0.34