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Jul
19
2022
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Posted 191 days ago ago by Administrator Account
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Daily Market Summary for July 19th
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 moderate with light to moderate demand. Compared to last week live purchases traded 1.00 lower at 136.00. In In Kansas, Nebraska and Western Cornbelt negotiated cash trading has been mostly inactive on light demand. Not enough purchases for a market trend in these regions. Last week in Kansas 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: 4,951
Week Ago: 1,588
Year Ago: 1,563
Formula Net - Dressed Steers & Heifers:
Head count priced today: 27,000
Weighted avg. weight: 866.00
Weighted avg. net price: 228.81
Cattle Slaughter under Federal Inspection
Tuesday (est) 125,000
Week ago (est) 126,000
Year ago (act) 117,000
Week to Date 250,000
Same Period Last Week 251,000
Same Period Last Year 233,000
Monday:
Steers & Heifers: 99,000
Cows & Bulls: 26,000
Boxed Beef:
Cutout Values:
Choice: 272.57… +2.02
Select: 243.73… +1.07
Choice/Select Spread: 28.84
Total Load Count: 133
Cutter Cow Cutout:
219.30… -0.85
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: 135.72… +0.10
October: 141.10… +0.50
December: 146.75… +0.60
Feeder Cattle:
August: 178.75… +2.08
September: 181.80… +2.38
October: 184.57… +2.25
August Hogs: 112.82… +0.70
August Crude Oil: 104.22… +1.62
September Corn: 5.9675… -0.1550
September Wheat: 8.1225… -0.0500
Grain Cash Bids:
Omaha Corn: 7.30… -0.16
Kansas City Wheat: 8.24… -0.05
Financial Markets:
DJIA: 31,823.46… +750.85
S & P 500: 3,935.76… +104.91
NASDAQ: 11,709.30… +349.25
U.S. Dollar Index: 106.69… -0.68