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Jun
07
2022

Daily AG Market Summary for 7 June 2022

Posted 242 days ago ago by Administrator Account

Daily Market Summary for June 7th

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 Tuesday, negotiated cash trading has been limited on light demand in the Western Cornbelt. A few live purchases traded at 141.00. In the Southern Plains and Nebraska negotiated cash trading has been at a standstill. Not enough purchases in any region for a market trend. 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 in the Western Cornbelt live and dressed purchases traded from 140.00-141.00 and at 222.00, respectively.
Negotiated Sales:
Confirmed:       2,384
Week Ago:        1,530
Year Ago:        20,159
Formula Net - Dressed Steers & Heifers:
Head count priced today:   29,200
Weighted avg. weight:        859.00
Weighted avg. net price:     221.91
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Cattle Slaughter under Federal Inspection
Tuesday (est)                       126,000
Week ago (est)                     126,000
Year ago (act)                       121,000
Week to Date                       251,000
Same Period Last Week     129,000
Same Period Last Year       238,000
Monday
Steers & Heifers:  98,000
Cows & Bulls:       27,000
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Boxed Beef:
Cutout Values:
Choice: 271.42… +1.84
Select:  249.56… -1.53
Choice/Select Spread: 21.86
Total Load Count: 137
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Cutter Cow Cutout:
220.91… +0.77
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CME Feeder Cattle Index for June 6th:
158.49… -0.04 / -0.03%
1 Year Change: +13.11%
52 Week Range: 139.61 to 165.35
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Futures Settlements…
Live Cattle:
June: 133.72… +0.90
August: 134.12… +1.22
October: 140.07… +0.97
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Feeder Cattle:
August: 172.45… +0.48
September: 174.75… +0.20
October: 176.85… +0.03
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July Hogs: 109.27… +0.30
July Crude Oil: 119.41… +0.91
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July Corn: 7.5700… +0.1450
July Wheat: 10.7175… -0.2125
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Grain Cash Bids
Omaha Corn: 7.78… +0.19
Kansas City Wheat: 11.19… -0.21
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Financial Markets:
DJIA: 33,179.81… +265.61
S & P 500: 4,160.25… +38.99
NASDAQ: 12,172.26… +116.39
U.S. Dollar Index: 102.30… -0.14