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Jul
08
2022
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Posted 202 days ago ago by Administrator Account
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Daily Market Summary for July 8th
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 in the Southern Plains, Nebraska and Western Cornbelt, negotiated cash trading has been mostly inactive with light demand. Not enough purchases in any region for a full market trend. Wednesday was the last reported market in the Southern Plains with live purchases at 137.00. Wednesday was the last reported market in Nebraska with live and dressed purchases from 144.00-149.00 and at 232.00, respectively. In the Western Cornbelt Wednesday was the last reported live purchase market from 147.00-150.00. Last week dressed purchases traded at 234.00.
Negotiated Sales:
Confirmed: 3,596
Week Ago: 922
Year Ago: 4,763
Formula Net - Dressed Steers & Heifers:
Head count priced today: 30,600
Weighted avg. weight: 854.00
Weighted avg. net price: 229.01
Cattle Slaughter under Federal Inspection
Friday (est) 125,000
Week ago (est) 121,000
Year ago (act) 121,000
Week to Date 505,000
Same Period Last Week 620,000
Same Period Last Year 494,000
Thursday:
Steers & Heifers: 97,000
Cows & Bulls: 29,000
Boxed Beef:
Cutout Values:
Choice: 267.89… -0.18
Select: 241.85… -0.73
Choice/Select Spread: 26.04
Total Load Count: 91
Cutter Cow Cutout:
220.85… +1.32
CME Feeder Cattle Index for July 7th:
168.39… +5.49 / +3.37%
1 Year Change: +10.22%
52 Week Range: 150.71 to 168.39
Futures Settlements…
Live Cattle:
August: 133.95… -0.60
October: 138.95… -0.90
December: 145.07… -0.40
Feeder Cattle:
August: 171.72… -0.75
September: 174.72… -1.33
October: 177.75… -1.57
August Hogs: 109.17… -0.33
August Crude Oil: 104.79… +2.06
September Corn: 6.3325… +0.2425
September Wheat: 8.9150… +0.5500
Grain Cash Bids:
Omaha Corn: 7.59… +0.21
Kansas City Wheat: 9.01… +0.57
Financial Markets:
DJIA: 31,338.15… -46.40
S & P 500: 3,899.37… -3.25
NASDAQ: 11,635.31… +13.96
U.S. Dollar Index: 106.95… -0.18