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May
23
2022
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Posted 256 days ago ago by Administrator Account
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Daily Market Summary for May 23rd
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 was at a standstill in the Texas Panhandle, Northern Plains and Western Cornbelt. In Kansa negotiated cash trading was mostly inactive on very light demand. Not enough purchases for a market trend. Last week in the Southern Plains live purchases traded at 138.00. For the prior week in Nebraska live and dressed purchases traded from 140.00-142.00 and at 226.00, respectively. Last week in Colorado and Western Cornbelt live purchases traded at 142.00 and dressed purchases in the Western Cornbelt traded from 223.00-227.00.
Negotiated Sales:
Confirmed: 774
Week Ago: 5,061
Year Ago: 990
Formula Net - Dressed Steers & Heifers:
Head count priced today: 40,600
Weighted avg. weight: 860.00
Weighted avg. net price: 224.59
Cattle Slaughter under Federal Inspection
Monday (est) 125,000
Week ago (est) 124,000
Year ago (act) 117,000
Friday
Steers & Heifers: 99,000
Cows & Bulls: 24,000
Boxed Beef:
Cutout Values:
Choice: 264.28… +2.11
Select: 244.23… +1.21
Choice/Select Spread: 20.05
Total Load Count: 125
Cutter Cow Cutout:
218.82… -0.58
CME Feeder Cattle Index for May 20th:
152.72… -0.33 / -0.22%
1 Year Change: +12.58%
52 Week Range: 136.12 to 165.35
Futures Settlements…
Live Cattle:
June: 132.37… +1.20
August: 133.97… +1.42
October: 138.37… +0.95
Feeder Cattle:
May: 153.45… +0.05
August: 165.62… +1.70
September: 168.30… +1.30
June Hogs: 110.37… +1.50
July Crude Oil: 110.29… +0.01
July Corn: 7.8625… +0.0750
July Wheat: 11.9000… +0.2125
Grain Cash Bids:
Omaha Corn: 7.98… +0.09
Kansas City Wheat: 12.47… +0.24
Financial Markets:
DJIA: 31,880.70… +620.12
S & P 500: 3,974.09… +72.32
NASDAQ: 11,531.90… +172.73
U.S. Dollar Index: 102.09… -1.06