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Jun
27
2022
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Posted 213 days ago ago by Administrator Account
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Daily Market Summary for June 27th
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 Monday, negotiated cash trading has been at a standstill in Kansas, Northern Plains and Western Cornbelt. In the Texas Panhandle negotiated cash trading has been mostly inactive on very light demand. Not enough purchases for a market trend. Last week in the Texas Panhandle live purchases traded at 138.00. In Kansas live purchases traded from 137.00-138.00. For the prior week in Nebraska live and dressed purchases traded from 145.00148.00 and at 234.00, respectively. In Colorado live purchases traded at 145.00. For the previous week in the Western Cornbelt live and dressed purchases traded from 145.00-150.00 and 234.00-240.00, respectively.
Negotiated Sales:
Confirmed: 306
Week Ago: None
Year Ago: 6,626
Formula Net - Dressed Steers & Heifers:
Head count priced today: 41,200
Weighted avg. weight: 869.00
Weighted avg. net price: 226.52
Cattle Slaughter under Federal Inspection
Monday (est) 125,000
Week ago (est) 124,000
Year ago (act) 119,000
Friday:
Steers & Heifers: 94,000
Cows & Bulls: 28,000
Boxed Beef:
Cutout Values:
Choice: 268.68… +3.70
Select: 245.24… +0.22
Choice/Select Spread: 23.44
Total Load Count: 99
Cutter Cow Cutout:
220.90… -1.41
CME Feeder Cattle Index for June 24th:
163.09… -0.62 / -0.38%
1 Year Change: +11.57%
52 Week Range: 145.96 to 165.35
Futures Settlements…
Live Cattle:
June: 136.25… +0.90
August: 133.47… +0.10
October: 140.12… +0.37
Feeder Cattle:
August: 174.12… +1.62
September: 176.80… +1.73
October: 178.92… +1.85
July Hogs: 110.17… -0.75
August Crude Oil: 109.57… +1.95
September Corn: 6.6125… -0.2150
September Wheat: 9.1750… -0.1900
Grain Cash Bids:
Omaha Corn: 7.93… -0.01
Kansas City Wheat: 9.43… -0.20
Financial Markets:
DJIA: 31,439.52… -54.19
S & P 500: 3,896.44… -15.71
NASDAQ: 11,497.66… -112.48
U.S. Dollar Index: 103.93… -0.26