Jun 14 2022

Daily AG Market Summary for 14 June 2022 Posted 2 years 167 days ago by Administrator Account

Daily Market Summary for June 14^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 in Nebraska, negotiated cash trading has been slow with light demand. Compared to last week live purchases traded 4.00-6.00 higher from 145.00-149.00. Not enough dressed purchases for a market trend. Last week dressed purchases traded from 225.00-226.00. So far for Tuesday in the Southern Plains, Colorado and Western Cornbelt negotiated cash trading has been limited with light demand. In the Texas Panhandle a few live purchases traded from 136.00-136.50. In Kansas a few live purchases traded from 137.00-139.00. In Colorado a few live purchases traded at 145.00. In the Western Cornbelt a few live purchases traded at 144.00. However, not enough purchases in any of these regions for a full market trend. Last week in the Texas Panhandle live purchases traded at 136.00. Last week in Kansas live purchases traded at 137.00. Last week in Colorado live purchases traded at 141.00. For the prior week in Nebraska live and dressed purchases traded from 141.00-143.00 and from 225.00-226.00, respectively.

Negotiated Sales:

Confirmed:     14,318

Week Ago:        2,384

Year Ago:          9,563

Formula Net - Dressed Steers & Heifers:

Head count priced today:   24,900

Weighted avg. weight:        864.00

Weighted avg. net price:     219.25

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Cattle Slaughter under Federal Inspection

Tuesday (est)                       122,000

Week ago (est)                     126,000

Year ago (act)                       122,000

Week to Date                       242,000

Same Period Last Week     251,000

Same Period Last Year       239,000

Monday:

Steers & Heifers:  93,000

Cows & Bulls:        27,000

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Boxed Beef:

Cutout Values:

Choice: 269.44… -1.10

Select:  246.82… -0.63

Choice/Select Spread: 22.62

Total Load Count: 135

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Cutter Cow Cutout:

221.21… +1.10

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CME Feeder Cattle Index for June 13th:

160.18… -0.11 / -0.07%

1 Year Change: +14.23%

52 Week Range: 140.22 to 165.35

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Futures Settlements…

Live Cattle:

June: 135.20… +1.20

August: 134.07… +0.20

October: 140.15… +0.23

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Feeder Cattle:

August: 171.30… -0.02

September: 173.35… -0.25

October: 175.27… -0.05

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July Hogs: 106.62… -0.05

July Crude Oil: 118.93… -2.00

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July Corn: 7.6825… -0.0100

July Wheat: 10.5025… -0.2075

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Grain Cash Bids: 

Omaha Corn: 7.99… +0.03

Kansas City Wheat: 11.12… -0.20

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Financial Markets:

DJIA: 30,365.95… -155.28

S & P 500: 3,736.39… -13.76

NASDAQ: 10,826.01… +18.19

U.S. Dollar Index: 105.53… +0.45

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