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Jun
24
2022
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Posted 216 days ago ago by Administrator Account
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Daily Market Summary for June 24th
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 Friday, negotiated cash trading in Nebraska and Western Cornbelt has been mostly inactive on light demand. In the Southern Plains and Colorado negotiated cash trading has been at a standstill. Not enough purchases in any region for a market trend. In the Texas Panhandle Wednesday was the last reported market with live purchases at 137.00. Thursday was the last reported market in the following regions. In Kansas live purchases traded at 137.00. In Nebraska live and dressed purchases traded from 145.00-150.00 and at 234.00, respectively. In Colorado live purchases traded at 145.00. In the Western Cornbelt live and dressed purchases traded at 150.00 and from 234.00-238.00, respectively.
Negotiated Sales:
Confirmed: 1,949
Week Ago: 1,479
Year Ago: 1,944
Formula Net - Dressed Steers & Heifers:
Head count priced today: 32,200
Weighted avg. weight: 855.00
Weighted avg. net price: 229.60
Cattle Slaughter under Federal Inspection
Friday (est) 122,000
Week ago (est) 124,000
Year ago (act) 117,000
Week to Date 620,000
Same Period Last Week 619,000
Same Period Last Year 590,000
Thursday:
Steers & Heifers: 93,000
Cows & Bulls: 29,000
Boxed Beef:
Cutout Values:
Choice: 264.98… +0.32
Select: 245.02… +0.08
Choice/Select Spread: 19.96
Total Load Count: 85
Cutter Cow Cutout:
222.31… +1.54
CME Feeder Cattle Index for June 23rd:
163.71… -1.52 / -0.92%
1 Year Change: +11.91%
52 Week Range: 145.96 to 165.35
Futures Settlements…
Live Cattle:
June: 135.35… +0.10
August: 133.37… -0.50
October: 139.75… -0.25
Feeder Cattle:
August: 172.50… -2.35
September: 175.07… -1.78
October: 177.07… -1.55
July Hogs: 110.92… +2.37
August Crude Oil: 107.62… +3.35
July Corn: 7.5025… +0.0350
July Wheat: 9.2375… -0.1350
Grain Cash Bids:
Omaha Corn: 7.94… -0.10
Kansas City Wheat: 9.63… -0.12
Financial Markets:
DJIA: 31,503.71… +825.36
S & P 500: 3,912.15… +116.40
NASDAQ: 11,610.14… +373.24
U.S. Dollar Index: 104.18… -0.25