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Jun
30
2022
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Posted 210 days ago ago by Administrator Account
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Daily Market Summary for June 30th
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, negotiated cash trading in the Texas Panhandle has been slow on light demand. Compared to the last reported market on Wednesday live purchases have traded 1.00 lower at 137.00. In Nebraska and Western Cornbelt negotiated cash trading has been limited on light demand. Not enough purchases in these regions for a market trend. In Kansas and Colorado negotiated cash trading has been at a standstill. Wednesday in Kansas live purchases traded at 138.00. Wednesday in Nebraska live and dressed purchases traded from 145.00-151.00 and at 234.00, respectively. Wednesday in the Western Cornbelt live and dressed purchases traded from 147.00-150.00 and at 234.00, respectively. Last week in Colorado live purchases traded at 145.00.
Negotiated Sales:
Confirmed: 6,879
Week Ago: 28,110
Year Ago: 6,670
Formula Net - Dressed Steers & Heifers:
Head count priced today: 24,600
Weighted avg. weight: 858.00
Weighted avg. net price: 232.75
Cattle Slaughter under Federal Inspection
Thursday (est) 124,000
Week ago (est) 122,000
Year ago (act) 117,000
Week to Date 499,000
Same Period Last Week 498,000
Same Period Last Year 477,000
Wednesday:
Steers & Heifers: 96,000
Cows & Bulls: 28,000
Boxed Beef:
Cutout Values:
Choice: 264.00… -0.88
Select: 240.57… -0.24
Choice/Select Spread: 23.43
Total Load Count: 102
Cutter Cow Cutout:
219.50… -1.79
CME Feeder Cattle Index for June 29th:
166.44… +2.36 / +1.44%
1 Year Change: +13.76%
52 Week Range: 145.96 to 166.44 – A new 52 week high
Futures Settlements…
Live Cattle:
June: 138.00… +1.20
August: 132.57… +0.40
October: 138.77… -0.13
Feeder Cattle:
August: 173.60… +2.88
September: 176.22… +2.45
October: 178.67… +2.27
August Hogs: 102.10… -1.47
August Crude Oil: 105.76… -4.02
September Corn: 6.2875… -0.3525
September Wheat: 8.8400… -0.4600
Grain Cash Bids:
Omaha Corn: 7.78… -0.24
Kansas City Wheat: 9.21… -0.34
Financial Markets:
DJIA: 30,779.71… -249.60
S & P 500: 3,787.16… -31.67
NASDAQ: 11,003.76… -174.13
U.S. Dollar Index: 104.74… -0.37