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Jul
15
2022
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Posted 195 days ago ago by Administrator Account
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Daily Market Summary for July 15th
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 and Nebraska, negotiated cash trading has been at a standstill. In the Western Cornbelt negotiated cash trading has been mostly inactive on light demand. Not enough purchases for a market trend. Wednesday was the last reported market in these regions. In the Southern Plains live purchases traded at 137.00. 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: 952
Week Ago: 3,596
Year Ago: 3,932
Formula Net - Dressed Steers & Heifers:
Head count priced today: 36,300
Weighted avg. weight: 867.00
Weighted avg. net price: 227.57
Cattle Slaughter under Federal Inspection
Friday (est) 123,000
Week ago (est) 125,000
Year ago (act) 119,000
Week to Date 623,000
Same Period Last Week 505,000
Same Period Last Year 596,000
Thursday:
Steers & Heifers: 95,000
Cows & Bulls: 28,000
Boxed Beef:
Cutout Values:
Choice: 268.91… +1.16
Select: 241.79… -0.12
Choice/Select Spread: 27.12
Total Load Count: 82
Cutter Cow Cutout:
217.97… -2.69
CME Feeder Cattle Index for July 14th:
172.62… -1.43 / -0.82%
1 Year Change: +14.02%
52 Week Range: 150.71 to 174.05
Futures Settlements…
Live Cattle:
August: 134.92… -0.48
October: 139.55… -0.37
December: 145.42… -0.88
Feeder Cattle:
August: 176.35… -2.55
September: 179.67… -1.95
October: 182.45… -1.37
August Hogs: 109.82… +0.25
August Crude Oil: 97.59… +1.81
September Corn: 6.0425… -0.0075
September Wheat: 7.7675… -0.1825
Grain Cash Bids:
Omaha Corn: 7.39… -0.02
Kansas City Wheat: 7.93… -0.11
Financial Markets:
DJIA: 31,286.02… +655.85
S & P 500: 3,862.89… +72.51
NASDAQ: 11,452.42… +201.23
U.S. Dollar Index: 108.10… -0.44