|
May
24
2022
|
|
Posted 247 days ago ago by Administrator Account
|
|
Daily Market Summary for May 24th
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 in the Texas Panhandle, negotiated cash trading and demand have been moderate. In Kansas negotiated cash trading has been slow with moderate demand. Compared to last week in the Southern Plains live purchases have traded 1.00 lower at 137.00. In the Northern Plains and Western Cornbelt negotiated cash trading has been limited on light demand. Not enough purchases in these regions for a market trend. 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: 15,818
Week Ago: 24,011
Year Ago: 23,915
Formula Net - Dressed Steers & Heifers:
Head count priced today: 24,400
Weighted avg. weight: 854.00
Weighted avg. net price: 227.95
Cattle Slaughter under Federal Inspection
Tuesday (est) 125,000
Week ago (est) 125,000
Year ago (act) 122,000
Week to Date 250,000
Same Period Last Week 249,000
Same Period Last Year 239,000
Monday
Steers & Heifers: 99,000
Cows & Bulls: 26,000
Boxed Beef:
Cutout Values:
Choice: 263.65… -0.63
Select: 245.35… +1.12
Choice/Select Spread: 18.30
Total Load Count: 165
Cutter Cow Cutout:
219.59… +0.76
CME Feeder Cattle Index for May 23rd:
153.17… +0.45 / +0.29%
1 Year Change: +12.37%
52 Week Range: 136.12 to 165.35
Futures Settlements…
Live Cattle:
June: 132.72… -0.05
August: 132.75… -0.22
October: 138.62… +0.25
Feeder Cattle:
May: 154.50… +1.05
August: 168.15… +2.53
September: 171.07… +2.77
June Hogs: 109.02… -1.35
July Crude Oil: 109.77… -0.52
July Corn: 7.7175… -0.1450
July Wheat: 11.5475… -0.3525
Grain Cash Bids:
Omaha Corn: 7.83… -0.15
Kansas City Wheat: 12.08… -0.39
Financial Markets:
DJIA: 31,942.59… +61.89
S & P 500: 3,942.73… -31.36
NASDAQ: 11,258.92… -272.99
U.S. Dollar Index: 101.75… -0.33