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Jun
01
2022
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Posted 248 days ago ago by Administrator Account
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Daily Market Summary for June 1st
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, negotiated cash trading has been slow on light to moderate demand in the Southern Plains with live purchases steady compared to Tuesday at 135.00. In Nebraska, negotiated cash trading has been limited on light demand with a few dressed purchases at 222.00, however not enough for a market trend. Negotiated cash trading in the Western Cornbelt has been mostly inactive on very light demand. Not enough purchases for a market trend. Last week in Nebraska live and dressed purchases traded at 140.00 and from 223.00-224.00, respectively. Last week in the Western Cornbelt live and dressed purchases traded from 140.00-142.00 and from 222.00-227.00, respectively.
Negotiated Sales:
Confirmed: 14,385
Week Ago: 16,565
Year Ago: 22,951
Formula Net - Dressed Steers & Heifers:
Head count priced today: 22,500
Weighted avg. weight: 860.00
Weighted avg. net price: 222.57
Cattle Slaughter under Federal Inspection
Wednesday (est) 125,000
Week ago (est) 125,000
Year ago (act) 108,000
Week to Date 254,000
Same Period Last Week 375,000
Same Period Last Year 206,000
Tuesday
Steers & Heifers: 99,000
Cows & Bulls: 27,000
Boxed Beef:
Cutout Values:
Choice: 267.42… -0.12
Select: 248.91… +0.26
Choice/Select Spread: 18.51
Total Load Count: 146
Cutter Cow Cutout:
219.24… -1.08
CME Feeder Cattle Index for May 31st:
153.36… +0.14 / -0.09%
1 Year Change: +12.35%
52 Week Range: 136.50 to 165.35
Futures Settlements…
Live Cattle:
June: 132.80… +2.28
August: 132.90… +2.53
October: 137.90… +1.75
Feeder Cattle:
August: 169.72… +4.60
September: 172.40… +4.28
October: 174.77… +4.07
July Hogs: 112.42… +4.42
July Crude Oil: 115.26… +0.59
July Corn: 7.3125… -0.2225
July Wheat: 10.4125… -0.4625
Grain Cash Bids:
Omaha Corn: 7.51… -0.19
Kansas City Wheat: 10.98… -0.38
Financial Markets:
DJIA: 32,813.29... -178.94
S & P 500: 4,105.78... -27.10
NASDAQ: 12,010.29... -75.90
U.S. Dollar Index: 102.54... +0.78