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Jul
18
2022
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Posted 192 days ago ago by Administrator Account
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Daily Market Summary for July 18th
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 in the Southern Plains, negotiated cash has been at a standstill. 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 140.00-145.00 and at 230.00, respectively. For previous week in the Western Cornbelt live and dressed purchases traded from 143.50-145.00 and from 228.00-230.00, respectively.
Negotiated Sales:
Confirmed: 235
Week Ago: 538
Year Ago: 229
Formula Net - Dressed Steers & Heifers:
Head count priced today: 37,400
Weighted avg. weight: 860.00
Weighted avg. net price: 225.49
Cattle Slaughter under Federal Inspection
Monday (est) 125,000
Week ago (est) 125,000
Year ago (act) 116,000
Friday:
Steers & Heifers: 93,000
Cows & Bulls: 27,000
Boxed Beef:
Cutout Values:
Choice: 270.55… +1.64
Select: 242.66… +0.87
Choice/Select Spread: 27.89
Total Load Count: 67
Cutter Cow Cutout:
220.15… +2.18
CME Feeder Cattle Index for July 15th:
172.67… +0.05 / +0.03%
1 Year Change: +14.56%
52 Week Range: 150.71 to 174.05
Futures Settlements…
Live Cattle:
August: 135.62… +0.70
October: 140.60… +1.05
December: 146.15… +0.73
Feeder Cattle:
August: 176.67… +0.32
September: 179.42… -0.25
October: 182.32… -0.13
August Hogs: 112.12… +2.30
August Crude Oil: 102.60… +5.01
September Corn: 6.1225… +0.0800
September Wheat: 8.1275… -0.3600
Grain Cash Bids:
Omaha Corn: 7.46… +0.07
Kansas City Wheat: 8.29… +0.36
Financial Markets:
DJIA: 31,075.75… -216.51
S & P 500: 3,830.64… -32.52
NASDAQ: 11,357.92… -94.50
U.S. Dollar Index: 107.44… -0.62