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Jul
14
2022
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Posted 199 days ago ago by Administrator Account
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Daily Market Summary for July 14th
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, negotiated cash trading has been mostly inactive with light demand. Not enough purchases for a market trend. Wednesday was the last reported market with live purchases at 137.00. In Nebraska and Western Cornbelt negotiated cash trading has been limited on light demand. In Nebraska a few live purchases traded at 140.00. However, not enough purchase in either region for a full market trend. Wednesday was the reported in these regions. In Nebraska live and dressed purchases traded from 144.00-145.00 and at 230.00, respectively. In the Western Cornbelt live and dressed purchases traded at 145.00 and from 228.00-230.00, respectively.
Negotiated Sales:
Confirmed: 9,497
Week Ago: 34,330
Year Ago: 11,677
Formula Net - Dressed Steers & Heifers:
Head count priced today: 22,000
Weighted avg. weight: 864.00
Weighted avg. net price: 232.21
Cattle Slaughter under Federal Inspection
Thursday (est) 123,000
Week ago (est) 126,000
Year ago (act) 120,000
Week to Date 500,000
Same Period Last Week 380,000
Same Period Last Year 477,000
Wednesday:
Steers & Heifers: 28,000
Cows & Bulls: 98,000
Boxed Beef:
Cutout Values:
Choice: 267.75… -0.30
Select: 241.91… +0.65
Choice/Select Spread: 25.84
Total Load Count: 110
Cutter Cow Cutout:
220.66… +0.90
CME Feeder Cattle Index for July 13th:
174.05… +1.75 / +1.02%
1 Year Change: +14.24%
52 Week Range: 150.71 to 174.05
Futures Settlements…
Live Cattle:
August: 135.40… -1.47
October: 139.92… -1.35
December: 146.30… -1.35
Feeder Cattle:
August: 178.90… -1.90
September: 181.62… -1.45
October: 183.82… -1.18
August Hogs: 109.57… -0.93
August Crude Oil: 95.78… -0.52
September Corn: 6.0500… +0.0500
September Wheat: 7.9500… -0.1575
Grain Cash Bids:
Omaha Corn: 7.41… -0.05
Kansas City Wheat: 8.04… -0.11
Financial Markets:
DJIA: 30,630.01… -142.78
S & P 500: 3,790.25… -11.53
NASDAQ: 11,251.19… +3.61
U.S. Dollar Index: 108.63… +0.67