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Jul
06
2022
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Posted 207 days ago ago by Administrator Account
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Daily Market Summary for July 6th
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, negotiated cash trading has been at a standstill in the Southern Plains and Nebraska. In the Western Cornbelt negotiated cash trading has been mostly inactive on light demand. Not enough purchases for a market trend. 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. 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: 875
Week Ago: 27,505
Year Ago: 25,528
Formula Net - Dressed Steers & Heifers:
Head count priced today: 37,100
Weighted avg. weight: 874.00
Weighted avg. net price: 228.46
Cattle Slaughter under Federal Inspection
Wednesday (est) 126,000
Week ago (est) 124,000
Year ago (act) 121,000
Week to Date 254,000
Same Period Last Week 375,000
Same Period Last Year 253,000
Tuesday:
Steers & Heifers: 100,000
Cows & Bulls: 26,000
Boxed Beef: Tuesday... Wednesday's report not available
Cutout Values:
Choice: 264.66
Select: 239.87
Choice/Select Spread: 24.79
Total Load Count: 109
Cutter Cow Cutout:
220.33… +0.33
CME Feeder Cattle Index for July 5th:
165.08… -0.26 / -0.16%
1 Year Change: +13.10%
52 Week Range: 150.71 to 166.44
Futures Settlements…
Live Cattle:
August: 134.50… +1.58
October: 139.95… +1.48
December: 145.35… +1.30
Feeder Cattle:
August: 173.30… +0.60
September: 177.07… +0.97
October: 180.37… +1.40
August Hogs: 109.20… +3.25
August Crude Oil: 98.53… -0.97
September Corn: 5.9975… +0.0750
September Wheat: 8.0450… -0.0250
Grain Cash Bids:
Omaha Corn: 7.20… +0.09
Kansas City Wheat: 8.07… -0.45
Financial Markets:
DJIA: 31,037.22… +69.40
S & P 500: 3,845.25… +13.86
NASDAQ: 11,361.15… +38.91
U.S. Dollar Index: 107.08… +0.54