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Jun
29
2022
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Posted 211 days ago ago by Administrator Account
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Daily Market Summary for June 29th
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 Wednesday, trade was light to moderate on moderate demand in the Southern Plains and Nebraska. Compared to last week in the Texas Panhandle, early live purchases traded steady at 138.00. In Kansas compared to last week, early live purchases traded steady to 1.00 higher at 138.00. In Nebraska early live purchases traded steady to 3.00 higher form 145.00-151.00 compared to last week with dressed purchases steady at 234.00. Trade was limited on moderate demand in Colorado and the Western Cornbelt. Not enough purchases in those regions for an adequate market test. The latest established market in Colorado was last week, 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: 25,703
Week Ago: 11,163
Year Ago: 31,355
Formula Net - Dressed Steers & Heifers:
Head count priced today: 22,200
Weighted avg. weight: 860.00
Weighted avg. net price: 228.99
Cattle Slaughter under Federal Inspection
Wednesday (est) 124,000
Week ago (est) 126,000
Year ago (act) 120,000
Week to Date 375,000
Same Period Last Week 376,000
Same Period Last Year 360,000
Tuesday:
Steers & Heifers: 100,000
Cows & Bulls: 26,000
Boxed Beef:
Cutout Values:
Choice: 264.88… -2.26
Select: 240.81… -2.50
Choice/Select Spread: 24.07
Total Load Count: 118
Cutter Cow Cutout:
221.29… +0.41
CME Feeder Cattle Index for June 28th:
164.08… -0.12 / -0.07%
1 Year Change: +11.54%
52 Week Range: 145.96 to 165.35
Futures Settlements…
Live Cattle:
June: 136.80… +0.50
August: 132.17… -0.55
October: 138.90… -0.50
Feeder Cattle:
August: 170.72… -1.10
September: 173.77… -1.18
October: 176.40… -1.10
August Hogs: 103.57… -0.25
August Crude Oil: 109.78… -1.98
September Corn: 6.6400… -0.0575
September Wheat: 9.3000… -0.0600
Grain Cash Bids:
Omaha Corn: 8.02… -0.02
Kansas City Wheat: 9.55… +0.01
Financial Markets:
DJIA: 31,052.47… +104.69
S & P 500: 3,822.30… +0.36
NASDAQ: 11,186.65… +1.50
U.S. Dollar Index: 105.11… +0.62