May 27 2022

Daily AG Market Summary for 5-27-22 Posted 2 years 185 days ago by Administrator Account

Daily Market Summary for May 27th

Updated Monday thru Friday around 4:00 PM CT

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Cattle/Beef Complex Indexes...

10-Day Index Trendline

Change from Previous Day: -0.35%

Change from 10 Days Ago: +0.04%

    

 60-Day Index Trendline

Change from 60 Days Ago: -9.21%​

Change from 60 Day High: -9.21%

 

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.

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Thursday Regional Auction Reports

 

Slaughter Cattle: 

As of 3:00 PM Friday in the Western Cornbelt, negotiated cash trading has been limited on light demand. A few live purchases traded at 142.00. In the Southern and Northern Plains negotiated cash trading has been mostly inactive with light demand. Not enough purchases in any region for a full market trend. In the Southern Plains Tuesday was the last reported market with live purchases at 137.00. In Nebraska Wednesday was the last reported market with live purchases at 140.00 and dressed purchases at 223.00. In the Western Cornbelt Thursday was the last reported live purchase market with purchases from 141.00-142.00. In the Western Cornbelt last week dressed purchases traded from 223.00-227.00. Last week in Colorado live purchases traded at 142.00.

Negotiated Sales:

Confirmed:       4,112

Week Ago:           923

Year Ago:             536

Formula Net - Dressed Steers & Heifers:

Head count priced today:   20,500

Weighted avg. weight:        830.00

Weighted avg. net price:     223.36

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Cattle Slaughter under Federal Inspection

Friday (est)                          120,000

Week ago (est)                     123,000

Year ago (act)                       117,000

Week to Date                       619,000

Same Period Last Week     622,000

Same Period Last Year       598,000

Thursday

Steers & Heifers:  95,000

Cows & Bulls:        29,000

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Boxed Beef:

Cutout Values:

Choice: 265.42… +1.45

Select:  246.50… +2.07

Choice/Select Spread: 18.92

Total Load Count: 106

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Cutter Cow Cutout:

221.13… +1.92

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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: 132.17… -0.23

August: 132.40… -0.20

October: 138.05… -0.12

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Feeder Cattle:

August: 166.32… -0.35

September: 169.30… -0.42

October: 171.82… -0.73

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June Hogs: 110.40… -0.70

July Crude Oil: 115.07… +0.98

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July Corn: 7.7725… +0.1225

July Wheat: 11.5750… +0.1425

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Grain Cash Bids: 

Omaha Corn: 7.97… +0.17

Kansas City Wheat: 12.05… +0.06

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Financial Markets:

DJIA: 33,213.55… +575.11

S & P 500: 4,158.27… +100.13

NASDAQ: 12,131.13… +390.48

U.S. Dollar Index: 101.66… -0.17

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