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Jul
01
2022
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Posted 209 days ago ago by Administrator Account
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Daily Market Summary for July 1st
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 has been mostly inactive on very light demand in Kansas and Western Cornbelt. In the Texas Panhandle and Northern Plains negotiated cash trading has been at a standstill. Not enough purchases in any region for a market Trend. In the Texas Thursday was the last reported market with live purchases at 137.00. In the Western Cornbelt Thursday was the last reported live purchase market at 148.00 and Wednesday was the last reported dressed purchase market at 234.00. Wednesday was the last reported market in Kansas with live purchases at 138.00. Wednesday was reported market in Nebraska with live and dressed purchases from 145.00-151.00 and at 234.00, respectively. Last week in Colorado live purchases traded at 145.00.
Negotiated Sales:
Confirmed: 922
Week Ago: 1,812
Year Ago: 4,424
Formula Net - Dressed Steers & Heifers:
Head count priced today: 25,200
Weighted avg. weight: 842.00
Weighted avg. net price: 228.78
Cattle Slaughter under Federal Inspection
Friday (est) 121,000
Week ago (est) 122,000
Year ago (act) 114,000
Week to Date 620,000
Same Period Last Week 620,000
Same Period Last Year 591,000
Thursday:
Steers & Heifers: 96,000
Cows & Bulls: 28,000
Boxed Beef:
Cutout Values:
Choice: 263.82… -0.18
Select: 240.47… -0.10
Choice/Select Spread: 23.35
Total Load Count: 101
Cutter Cow Cutout:
218.06… -1.44
CME Feeder Cattle Index for June 30th:
165.67… -0.77 / -0.46%
1 Year Change: +13.50%
52 Week Range: 145.96 to 166.44
Futures Settlements…
Live Cattle:
August: 134.60… +2.03
October: 139.97… +1.20
December: 145.77… +0.90
Feeder Cattle:
August: 174.50… +0.90
September: 177.65… +1.43
October: 180.45… +1.78
August Hogs: 102.97… +0.87
August Crude Oil: 108.43… +2.67
September Corn: 6.1975… -0.0900
September Wheat: 8.4600… -0.3800
Grain Cash Bids:
Omaha Corn: 7.55… -0.23
Kansas City Wheat: 8.81… -0.40
Financial Markets:
DJIA: 31,097.46… +322.03
S & P 500: 3,825.36… +39.98
NASDAQ: 11,127.85… +99.11
U.S. Dollar Index: 105.14… +0.45