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Jun
06
2022
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Posted 242 days ago ago by Administrator Account
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Daily Market Summary for June 6th
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 Monday, negotiated cash trading has been at a standstill in all feeding regions. Last week in the Southern Plains live purchases traded at 135.00. For the prior week in Nebraska live and dressed purchases traded from 139.00-140.00 and at 222.00, respectively. For the previous week live and dressed purchases traded from 140.00-141.00 and at 222.00, respectively.
Negotiated Sales:
Confirmed: None
Week Ago: None
Year Ago: 214
Formula Net - Dressed Steers & Heifers:
Head count priced today: 46,200
Weighted avg. weight: 856.00
Weighted avg. net price: 220.06
Cattle Slaughter under Federal Inspection
Monday (est) 125,000
Week ago (est) 3,000
Year ago (act) 117,000
Friday
Steers & Heifers: 98,000
Cows & Bulls: 28,000
Boxed Beef:
Cutout Values:
Choice: 269.58… +2.32
Select: 251.09… +1.07
Choice/Select Spread: 18.49
Total Load Count: 70
Cutter Cow Cutout:
220.14… -0.34
CME Feeder Cattle Index for June 3rd:
158.53… +4.24 / +2.75%
1 Year Change: +12.38%
52 Week Range: 139.61 to 165.35
Futures Settlements…
Live Cattle:
June: 132.82… -0.78
August: 132.90… -0.95
October: 139.10… -0.60
Feeder Cattle:
August: 171.97… -1.90
September: 174.55… -1.75
October: 176.82… -1.45
July Hogs: 108.97… -1.78
July Crude Oil: 118.50… -0.37
July Corn: 7.4250… +0.1550
July Wheat: 10.9300… +0.5300
Grain Cash Bids:
Omaha Corn: 7.59… +0.12
Kansas City Wheat: 11.40… +0.47
Financial Markets:
DJIA: 32,914.20… +15.29
S & P 500: 4,121.26… +12.82
NASDAQ: 12,052.57… +40.86
U.S. Dollar Index: 102.40… +0.26