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Jul
11
2022
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Posted 199 days ago ago by Administrator Account
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Daily Market Summary for July 11th
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 Monday, negotiated cash trading has been at a standstill in the Southern Plains. In Nebraska and Western Cornbelt negotiated cash trading has been mostly inactive on very light demand. Not enough purchases for a market trend. Last week in the Southern Plains live purchases traded at 137.00. For the prior week in Nebraska live and dressed purchases traded from 144.00-149.00 and at 232, respectively. For the previous week in the Western Cornbelt live and dressed purchases traded from 145.00-150.00 and at 232.00, respectively.
Negotiated Sales:
Confirmed: 538
Week Ago: None
Year Ago: 3,826
Formula Net - Dressed Steers & Heifers:
Head count priced today: 57,700
Weighted avg. weight: 860.00
Weighted avg. net price: 226.40
Cattle Slaughter under Federal Inspection
Monday (est) 125,000
Week ago (est) 2,000
Year ago (act) 119,000
Friday:
Steers & Heifers: 97,000
Cows & Bulls: 28,000
Boxed Beef:
Cutout Values:
Choice: 268.14… +0.25
Select: 243.00… +1.15
Choice/Select Spread: 25.14
Total Load Count: 113
Cutter Cow Cutout:
219.39… -1.46
CME Feeder Cattle Index for July 8th:
172.21… +3.82 / +2.27% - A 52 Month High
1 Year Change: +11.96%
52 Week Range: 150.71 to 172.21
Futures Settlements…
Live Cattle:
August: 136.15… +2.20
October: 140.42… +1.47
December: 146.50… +1.43
Feeder Cattle:
August: 174.87… +3.15
September: 177.40… +2.68
October: 179.87… +2.12
August Hogs: 108.37… -0.80
August Crude Oil: 104.09… -0.70
September Corn: 6.3700… +0.0375
September Wheat: 8.4375… -0.4775
Grain Cash Bids:
Omaha Corn: 7.65… +0.06
Kansas City Wheat: 8.62… -0.39
Financial Markets:
DJIA: 31,161.34… -176.81
S & P 500: 3,854.61… -48.01
NASDAQ: 11,365.68… -269.63
U.S. Dollar Index: 108.21… +1.20