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Jul
05
2022
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Posted 205 days ago ago by Administrator Account
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Daily Market Summary for July 5th
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 Tuesday, negotiated cash trading has been at standstill in all major feeding regions. Last week in the Texas Panhandle live purchases traded from 137.00-138.00. In Kansas live purchases traded at 138.00. For the prior week in Nebraska live and dressed purchases traded from 145.00-151.00 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 147.00-150.00 and at 234.00, respectively.
Negotiated Sales:
Confirmed: 150
Week Ago: 2,401
Year Ago: 913
Formula Net - Dressed Steers & Heifers:
Head count priced today: 34,600
Weighted avg. weight: 873.00
Weighted avg. net price: 226.98
Cattle Slaughter under Federal Inspection
Tuesday (est) 126,000
Week ago (est) 126,000
Year ago (act) 120,000
Week to Date 128,000
Same Period Last Week 251,000
Same Period Last Year 132,000
Monday:
Steers & Heifers: 1,000
Cows & Bulls: 1,000
Boxed Beef:
Cutout Values:
Choice: 264.66… +0.84
Select: 239.87… -0.68
Choice/Select Spread: 24.79
Total Load Count: 109
Cutter Cow Cutout:
220.00… +1.94
CME Feeder Cattle Index for July 1st:
165.34… -0.33 / -0.20%
1 Year Change: +13.28%
52 Week Range: 145.96 to 166.44
Futures Settlements…
Live Cattle:
August: 132.92… -1.68
October: 138.47… -1.50
December: 144.05… -1.72
Feeder Cattle:
August: 172.70… -1.80
September: 176.10… -1.55
October: 178.97… -1.48
August Hogs: 105.95… +2.98
August Crude Oil: 99.50… -8.93
September Corn: 5.9225… -0.2750
September Wheat: 8.0700… -0.3900
Grain Cash Bids:
Omaha Corn: 7.11… -0.44
Kansas City Wheat: 8.60… -0.21
Financial Markets:
DJIA: 30,967.45… -129.81
S & P 500: 3,831.88… +6.55
NASDAQ: 11,314.68… +186.83
U.S. Dollar Index: 106.46… +1.32