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May
20
2022
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Posted 1 years 126 days ago ago by Administrator Account
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Daily Market Summary for May 20th
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, negotiated cash trading has been mostly inactive on very light demand in the Western Cornbelt. Not enough purchases for a market trend. Negotiated cash trading was at a standstill in all other major feeding regions. On Tuesday in the Southern Plains live purchases traded at 138.00. In Nebraska on Wednesday live purchases traded at 140.00 and on Tuesday dressed purchases traded at 226.00. In the Western Cornbelt on Tuesday live purchases traded at 142.00. The last reported dressed market in the Western Cornbelt was last week with purchases from 227.00-230.00. The last reported market in Colorado was last week with live purchases from 140.00-144.00.
Negotiated Sales:
Confirmed: 923
Week Ago: 1,120
Year Ago: 357
Formula Net - Dressed Steers & Heifers:
Head count priced today: 19,200
Weighted avg. weight: 853.00
Weighted avg. net price: 228.94
Cattle Slaughter under Federal Inspection
Friday (est) 123,000
Week ago (est) 120,000
Year ago (act) 119,000
Week to Date 622,000
Same Period Last Week 615,000
Same Period Last Year 593,000
Thursday
Steers & Heifers: 96,000
Cows & Bulls: 29,000
Boxed Beef:
Cutout Values:
Choice: 262.17… +0.47
Select: 243.02… -3.04
Choice/Select Spread: 19.15
Total Load Count: 90
Cutter Cow Cutout:
219.40… +0.44
CME Feeder Cattle Index for May 19th:
153.05… -0.41 / -0.27%
1 Year Change: +13.29%
52 Week Range: 135.20 to 165.35
Futures Settlements…
Live Cattle:
June: 131.57… +0.07
August: 131.55… -0.47
October: 137.42… -0.58
Feeder Cattle:
May: 153.40… -0.72
August: 163.92… -1.28
September: 167.00… -0.90
June Hogs: 108.87… +3.57
June Crude Oil: 113.23… +1.02
July Corn: 7.7875… -0.0450
July Wheat: 11.6875… -0.3175
Grain Cash Bids:
Omaha Corn: 7.89… -0.02
Kansas City Wheat: 12.23… -0.42
Financial Markets:
DJIA: 31,260.58… +7.45
S & P 500: 3,901.36… +0.91
NASDAQ: 11,359.18… -35.51
U.S. Dollar Index: 103.04… +0.32