Jun 16 2022

Daily Ag Market Summary for 16 June 2022 Posted 2 years 165 days ago by Administrator Account

Daily Market Summary for June 16^th

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 in all feeding regions, negotiated cash trading has been slow on light demand. In Kansas live purchases have traded 3.00 higher at 140.00, when compared to last week. In the Texas Panhandle live purchases have traded 2.00-4.00 higher at 140.00, when compared to the last reported market on Tuesday. In the Northern Plains and Western Cornbelt not enough purchases for a full market trend. In the Northern Plains Tuesday was the last reported market with live purchases at 145.00 and dressed purchases, in Nebraska, at 230.00. In the Western Cornbelt Wednesday was the last reported market with live and dressed purchases from 140.00-146.00 and at 230.00, respectively.

Negotiated Sales:

Confirmed:     12,178

Week Ago:        3,746

Year Ago:          4,033

Formula Net - Dressed Steers & Heifers:

Head count priced today:   27,100

Weighted avg. weight:         846.00

Weighted avg. net price:     224.68

-

Cattle Slaughter under Federal Inspection

Thursday (est)                     127,000

Week ago (est)                     126,000

Year ago (act)                       121,000

Week to Date                       495,000

Same Period Last Week     503,000

Same Period Last Year       481,000

Tuesday:

Steers & Heifers:  96,000

Cows & Bulls:        30,000

-

Boxed Beef:

Cutout Values:

Choice: 267.16… -1.06

Select:  245.38… -0.30

Choice/Select Spread: 21.78

Total Load Count: 128

-

Cutter Cow Cutout:

220.15… +0.14

-

CME Feeder Cattle Index for June 15th:

160.56… +0.48 / +0.30%

1 Year Change: +13.65%

52 Week Range: 141.28 to 165.35

-

Futures Settlements…

Live Cattle:

June: 137.75… +0.20

August: 136.30… -0.50

October: 142.07… -0.15

-

Feeder Cattle:

August: 171.30… -1.97

September: 173.22… -1.88

October: 174.97… -1.83

-

July Hogs: 109.57… +1.30

July Crude Oil: 117.58… +2.27

-

July Corn: 7.8825… +0.1425

July Wheat: 10.7825… +0.2825

-

Grain Cash Bids: 

Omaha Corn: 8.18… +0.27

Kansas City Wheat: 11.19… +0.16

-

Financial Markets:

DJIA: 29,929.84… -738.43

S & P 500: 3,667.93… -121.07

NASDAQ: 10,650.88… -444.10

U.S. Dollar Index: 103.74… -1.42