Jun 07 2022

Daily AG Market Summary for 7 June 2022 Posted 1 years 323 days ago by Administrator Account

Daily Market Summary for June 7^th

The Daily Market News Report bought to you by The Cattle Range. Please visit their website for more information!

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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