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May
25
2022
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Posted 254 days ago ago by Administrator Account
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Daily Market Summary for May 25th
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 Wednesday in Nebraska, negotiated cash trading has been moderate slow to moderate with moderate demand. Compared to last week live purchases traded steady to 2.00 lower at 140.00 and dressed purchases ranged from 222.00-225.00, mostly 3.00 lower at 223.00. Negotiated cash trading in Kansas and Western Cornbelt has been limited on light demand. In the Texas Panhandle and Colorado negotiated cash trading has been mostly inactive on very light demand. Not enough purchases in these regions for a market trend. Tuesday was the last reported market in the Southern Plains with live purchases at 137.00. 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: 16,565
Week Ago: 13,460
Year Ago: 25,190
Formula Net - Dressed Steers & Heifers:
Head count priced today: 21,400
Weighted avg. weight: 854.00
Weighted avg. net price: 225.65
Cattle Slaughter under Federal Inspection
Wednesday (est) 125,000
Week ago (est) 125,000
Year ago (act) 121,000
Week to Date 375,000
Same Period Last Week 374,000
Same Period Last Year 360,000
Tuesday
Steers & Heifers: 97,000
Cows & Bulls: 28,000
Boxed Beef:
Cutout Values:
Choice: 262.93… -0.72
Select: 244.06… -1.29
Choice/Select Spread: 18.87
Total Load Count: 102
Cutter Cow Cutout:
220.87… +1.28
CME Feeder Cattle Index for May 24th:
153.35… +0.18 / +0.12%
1 Year Change: +12.47%
52 Week Range: 136.12 to 165.35
Futures Settlements…
Live Cattle:
June: 132.30… -0.42
August: 132.52… -0.23
October: 138.20… -0.42
Feeder Cattle:
May: 154.60… +0.10
August: 167.95… -0.20
September: 171.05… -0.02
June Hogs: 109.05… +0.03
July Crude Oil: 110.33… +0.56
July Corn: 7.7225… +0.0050
July Wheat: 11.4825… -0.0650
Grain Cash Bids:
Omaha Corn: 7.84… +0.01
Kansas City Wheat: 12.03… -0.05
Financial Markets:
DJIA: 32,121.53… +192.91
S & P 500: 3,979.00… +36.27
NASDAQ: 11,434.74… +175.82
U.S. Dollar Index: 102.12… +0.26