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Jun
23
2022
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Posted 217 days ago ago by Administrator Account
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Daily Market Summary for June 23rd
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 Nebraska, negotiated cash trading and demand were moderate. Compared to last week live purchases traded steady to 3.00 higher from 145.00-148.00 and dressed purchases traded 4.00 higher at 234.00. In the Western Cornbelt negotiated cash trading has been slow to moderate with moderate demand. Compared to the last reported live purchase market on Wednesday live trades moved 2.00-3.00 higher at 150.00. A few dressed purchases traded at 238.00, not enough for a full market trend. Wednesday saw dressed purchases from 238.00-240.00. Thus far for Thursday in Kansas and Colorado negotiated cash trading has been slow on light demand. In Kansas live purchases traded steady to 4.00 lower at 137.00, when compared to the last reported market on Wednesday. In Colorado live purchases traded steady at 145.00, when compared to last week. In the Texas Panhandle negotiated cash trading has been mostly inactive on light demand. Not enough purchases for a market trend. Wednesday was the last reported market with live purchases at 137.00.
Negotiated Sales:
Confirmed: 28,110
Week Ago: 12,178
Year Ago: 9,460
Formula Net - Dressed Steers & Heifers:
Head count priced today: 32,000
Weighted avg. weight: 857.00
Weighted avg. net price: 229.58
Cattle Slaughter under Federal Inspection
Thursday (est) 122,000
Week ago (est) 127,000
Year ago (act) 118,000
Week to Date 498,000
Same Period Last Week 495,000
Same Period Last Year 473,000
Wednesday:
Steers & Heifers: 98,000
Cows & Bulls: 28,000
Boxed Beef:
Cutout Values:
Choice: 264.66… -1.91
Select: 244.94… -1.05
Choice/Select Spread: 19.72
Total Load Count: 104
Cutter Cow Cutout:
220.27… -2.21
CME Feeder Cattle Index for June 22nd:
165.23… +0.02 / +0.01%
1 Year Change: +12.79%
52 Week Range: 145.96 to 165.35
Futures Settlements…
Live Cattle:
June: 135.25… -0.87
August: 133.87… -1.05
October: 140.00… -1.07
Feeder Cattle:
August: 174.85… +1.70
September: 176.85… +1.55
October: 178.62… +1.32
July Hogs: 108.55… -3.30
August Crude Oil: 104.27… -1.92
July Corn: 7.4675… -0.2175
July Wheat: 9.3725… -0.3925
Grain Cash Bids:
Omaha Corn: 8.04… -0.08
Kansas City Wheat: 9.75… -034
Financial Markets:
DJIA: 30,678.35… +204.51
S & P 500: 3,795.75… +36.42
NASDAQ: 11,236.90… +188.10
U.S. Dollar Index: 104.34… +0.17