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Jul
07
2022
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Posted 206 days ago ago by Administrator Account
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Daily Market Summary for July 7th
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 in the Southern Plains and Nebraska, negotiated cash trading was moderate on moderate demand. In the Texas Panhandle, compared to last week, live purchases traded steady to 1.00 lower at 137.00. In Kansas, compared to the prior week, the bulk of live purchases traded 1.00 lower at 137.00, with a few up to 140.00. In Nebraska, compared to the previous week, live purchases traded 1.00-2.00 lower from 144.00-149.00 and dressed purchases traded 2.00 lower at 232.00. In the Western Cornbelt negotiated cash trading has been limited on light to moderate demand. Not enough purchases in any price range for a full market trend. Wednesday was the last reported live purchase market at 150.00. Last week dressed purchases traded at 234.00.
Negotiated Sales:
Confirmed: 34,330
Week Ago: 6,879
Year Ago: 16,869
Formula Net - Dressed Steers & Heifers:
Head count priced today: 23,500
Weighted avg. weight: 867.00
Weighted avg. net price: 229.31
Cattle Slaughter under Federal Inspection
Thursday (est) 126,000
Week ago (est) 124,000
Year ago (act) 120,000
Week to Date 380,000
Same Period Last Week 499,000
Same Period Last Year 373,000
Wednesday:
Steers & Heifers: 99,000
Cows & Bulls: 26,000
Boxed Beef:
Cutout Values:
Choice: 268.07… +.02
Select: 242.58… -0.35
Choice/Select Spread: 25.49
Total Load Count: 125
Cutter Cow Cutout:
219.53… -0.80
CME Feeder Cattle Index for July 6th:
162.90… -2.18 / -1.32%
1 Year Change: +7.52%
52 Week Range: 150.71 to 166.44
Futures Settlements…
Live Cattle:
August: 134.55… +0.05
October: 139.85… -0.10
December: 145.47… +0.12
Feeder Cattle:
August: 172.47… -0.83
September: 176.05… -1.02
October: 179.32… -1.05
August Hogs: 109.50… +0.30
August Crude Oil: 102.73… +4.20
September Corn: 6.0900… +0.0925
September Wheat: 8.3650… +0.3200
Grain Cash Bids:
Omaha Corn: 7.38… +0.18
Kansas City Wheat: 8.44… -0.45
Financial Markets:
DJIA: 31,318.12… +343.44
S & P 500: 3,901.64… +56.56
NASDAQ: 11,616.82… +254.97
U.S. Dollar Index: 107.06… -0.03