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May
26
2022
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Posted 253 days ago ago by Administrator Account
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Daily Market Summary for May 26th
The Daily Market News Report bought to you by The Cattle Range. Please visit their website for more information!
Cattle/Beef Complex Indexes...
10-Day Index Trendline
Change from Previous Day: +0.15%
Change from 10 Days Ago: -0.29%
60-Day Index Trendline
Change from 60 Days Ago: -7.45%
Change from 60 Day High: -8.88%
Indexes track daily market values for the past 10 & 60 days.
Each daily value is the weighted total of the Gain/(Loss) for
15 market factors compared to the previous trading day.
Slaughter Cattle:
As of 3:00 PM Thursday, negotiated cash trading in Kansas, Nebraska and Western Cornbelt has been slow on light demand. In Kansas a few live purchases traded at 136.00. In Nebraska a few dressed purchases traded at 224.00. Thus far for Thursday in the Texas Panhandle and Colorado negotiated cash trading has been mostly inactive on very light demand. However, not enough purchases in any of these regions for a full market trend. Tuesday was the last reported market in the Southern Plains with live purchases at 137.00. Wednesday was the last reported live purchase market in Nebraska and Western Cornbelt with purchases at 140.00 and dressed purchases, in Nebraska, traded at 223.00. In the Western Cornbelt dressed purchases last week traded from 223.00-227.00. Last week in Colorado live purchases traded at 142.00.
Negotiated Sales:
Confirmed: 8,833
Week Ago: 3,055
Year Ago: 1,991
Formula Net - Dressed Steers & Heifers:
Head count priced today: 28,200
Weighted avg. weight: 861.00
Weighted avg. net price: 224.95
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Cattle Slaughter under Federal Inspection
Thursday (est) 124,000
Week ago (est) 125,000
Year ago (act) 121,000
Week to Date 499,000
Same Period Last Week 499,000
Same Period Last Year 481,000
Wednesday
Steers & Heifers: 97,000
Cows & Bulls: 28,000
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Boxed Beef:
Cutout Values:
Choice: 263.97… +1.04
Select: 244.43… +0.37
Choice/Select Spread: 19.54
Total Load Count: 134
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Cutter Cow Cutout:
219.21… -1.66
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CME Feeder Cattle Index for May 25th:
153.80… +0.45 / +0.29%
1 Year Change: +12.62%
52 Week Range: 136.12 to 165.35
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Futures Settlements…
Live Cattle:
June: 132.40… +0.10
August: 132.60… +0.08
October: 138.17… -0.03
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Feeder Cattle:
May: 154.07… -0.53
August: 166.67… -1.28
September: 169.72… -1.33
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June Hogs: 111.10… +2.05
July Crude Oil: 114.09… +3.76
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July Corn: 7.6500… -0.0725
July Wheat: 11.4325… -0.0500
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Grain Cash Bids:
Omaha Corn: 7.80… -0.04
Kansas City Wheat: 11.99… -0.04
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Financial Markets:
DJIA: 32,638.44… +516.91
S & P 500: 4,059.94… +78.94
NASDAQ: 11,740.65… +305.91
U.S. Dollar Index: 101.80… -0.26