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Jun
02
2022
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Posted 246 days ago ago by Administrator Account
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Daily Market Summary for June 2nd
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 Thursday, negotiated cash trading has been limited on light demand in all major feeding regions. Not enough purchases for a market trend. Wednesday was the last reported market in any region. In the Southern Plains live purchases traded at 135.00. In Nebraska live and dressed purchases traded at 139.00 and 222.00, respectively. In the Western Cornbelt live and dressed purchases traded at 140.00 and 222.00, respectively.
Negotiated Sales:
Confirmed: 14,070
Week Ago: 8,833
Year Ago: 13,521
Formula Net - Dressed Steers & Heifers:
Head count priced today: 22,500
Weighted avg. weight: 879.00
Weighted avg. net price: 224.24
Cattle Slaughter under Federal Inspection
Thursday (est) 127,000
Week ago (est) 124,000
Year ago (act) 119,000
Week to Date 381,000
Same Period Last Week 499,000
Same Period Last Year 325,000
Wednesday
Steers & Heifers: 101,000
Cows & Bulls: 24,000
Boxed Beef:
Cutout Values:
Choice: 266.65… -0.77
Select: 249.63… +0.72
Choice/Select Spread: 17.02
Total Load Count: 131
Cutter Cow Cutout:
219.63… +0.39
CME Feeder Cattle Index for June 1st:
153.48… +0.12 / +0.08%
1 Year Change: +12.32%
52 Week Range: 136.65 to 165.35
Futures Settlements…
Live Cattle:
June: 133.62… +0.82
August: 134.12… +1.22
October: 139.62… +1.72
Feeder Cattle:
August: 172.95… +3.23
September: 175.47… +3.07
October: 177.67… +2.90
July Hogs: 112.17… -0.25
July Crude Oil: 116.87… +1.61
July Corn: 7.3025… -0.0100
July Wheat: 10.5825… +0.1700
Grain Cash Bids:
Omaha Corn: 7.50… -0.01
Kansas City Wheat: 11.16… +0.18
Financial Markets:
DJIA: 33,247.89… +434.60
S & P 500: 4,176.92… +71.14
NASDAQ: 12,317.63… +307.34
U.S. Dollar Index: 101.79… -0.71