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May
17
2022
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Posted 254 days ago ago by Administrator Account
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Daily Market Summary for May 17th
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, negotiated cash trading and demand have been light to moderate in the Southern Plains with live purchases 2.00 lower compared to last week at 138.00. Negotiated cash trading has been slow on light demand in Nebraska with a few dressed purchases from 226.00-227.00, however not enough for a market trend. Last week in Nebraska live and dressed purchases traded at 144.00 and at 230.00, respectively. Negotiated cash trading has been mostly inactive on light demand in the Western Cornbelt and Colorado. Not enough purchases in these regions for a market trend. Last week in Colorado live purchases traded from 140.00-144.00. The last reported live trade in the Western Cornbelt was on Monday with live purchases at 142.00, and the last reported dressed trade was last week with dressed purchases from 227.00-230.00.
Negotiated Sales:
Confirmed: 24,011
Week Ago: 19,361
Year Ago: 13,575
Formula Net - Dressed Steers & Heifers:
Head count priced today: 23,600
Weighted avg. weight: 856.00
Weighted avg. net price: 230.23
Cattle Slaughter under Federal Inspection
Tuesday (est) 125,000
Week ago (est) 125,000
Year ago (act) 120,000
Week to Date 249,000
Same Period Last Week 246,000
Same Period Last Year 234,000
Monday
Steers & Heifers: 97,000
Cows & Bulls: 27,000
Boxed Beef:
Cutout Values:
Choice: 260.48… +0.17
Select: 248.19… +2.52
Choice/Select Spread: 12.29
Total Load Count: 118
Cutter Cow Cutout:
219.29… +1.48
CME Feeder Cattle Index for May 16th:
155.27… -0.73 / -0.47%
1 Year Change: +16.13%
52 Week Range: 133.70 to 165.35
Futures Settlements…
Live Cattle:
June: 133.00… -0.17
August: 133.47… -0.43
October: 139.52… -0.33
Feeder Cattle:
May: 157.17… -0.23
August: 166.77… -0.65
September: 169.22… -0.83
June Hogs: 105.15… +1.33
June Crude Oil: 112.40… -1.80
July Corn: 8.0075… -0.0875
July Wheat: 12.7750… +0.3000
Grain Cash Bids:
Omaha Corn: 8.11… -0.04
Kansas City Wheat: 13.38… +0.46
Financial Markets:
DJIA: 32,655.05… +431.04
S & P 500: 4,088.93… +80.28
NASDAQ: 11,986.07… +321.31
U.S. Dollar Index: 103.34… -0.85