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Jul
12
2022
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Posted 202 days ago ago by Administrator Account
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Daily Market Summary for July 12th
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 in the Texas Panhandle, negotiated cash trading has been at a standstill. In Kansas and Nebraska negotiated cash trading has been mostly inactive on light demand. In the Western Cornbelt negotiated cash trading has been limited on light demand. Not enough purchases for a market trend in any region. 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: 1,588
Week Ago: 150
Year Ago: 13,878
Formula Net - Dressed Steers & Heifers:
Head count priced today: 31,500
Weighted avg. weight: 852.00
Weighted avg. net price: 231.38
Cattle Slaughter under Federal Inspection
Tuesday (est) 126,000
Week ago (est) 126,000
Year ago (act) 119,000
Week to Date 251,000
Same Period Last Week 128,000
Same Period Last Year 238,000
Monday:
Steers & Heifers: 99,000
Cows & Bulls: 26,000
Boxed Beef:
Cutout Values:
Choice: 268.51… +0.37
Select: 242.17… -0.83
Choice/Select Spread: 26.34
Total Load Count: 178
Cutter Cow Cutout:
219.05… -0.34
CME Feeder Cattle Index for July 11th:
171.34… -0.87 / -0.51%
1 Year Change: +11.99%
52 Week Range: 150.71 to 172.21
Futures Settlements…
Live Cattle:
August: 136.67… +0.52
October: 141.27… +0.85
December: 147.20… +0.70
Feeder Cattle:
August: 179.57… +4.70
September: 181.52… +4.12
October: 183.45… +3.58
August Hogs: 109.00… +0.63
August Crude Oil: 95.84… -8.25
September Corn: 5.9400… -0.4300
September Wheat: 8.1425… -0.4250
Grain Cash Bids:
Omaha Corn: 7.24… -0.41
Kansas City Wheat: 8.23… -0.45
Financial Markets:
DJIA: 30,985.22… -188.62
S & P 500: 3,819.14… -35.92
NASDAQ: 11,266.28… -106.32
U.S. Dollar Index: 108.12… +0.10