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Jul
20
2022
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Posted 193 days ago ago by Administrator Account
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Daily Market Summary for July 20th
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 Wednesday, negotiated cash trading has been slow on light demand in Nebraska with live purchases 1.00 to 3.00 lower from 139.00-142.00 and dressed purchases 3.00 lower at 227.00 when compared to last week. Negotiated cash trading in the Southern Plains and the Western Cornbelt has been limited on light demand, not enough purchases for a market trend. On Tuesday in the Texas Panhandle live purchases traded at 136.00. Last week in Kansas live purchases traded at 137.00. In the Western Cornbelt last week live and dressed purchases traded from 143.50-145.00 and from 228.00-230.00, respectively.
Negotiated Sales:
Confirmed: 22,666
Week Ago: 32,077
Year Ago: 21,988
Formula Net - Dressed Steers & Heifers:
Head count priced today: 20,400
Weighted avg. weight: 852.00
Weighted avg. net price: 233.07
Cattle Slaughter under Federal Inspection
Wednesday (est) 124,000
Week ago (est) 126,000
Year ago (act) 118,000
Week to Date 374,000
Same Period Last Week 377,000
Same Period Last Year 351,000
Tuesday:
Steers & Heifers: 98,000
Cows & Bulls: 27,000
Boxed Beef:
Cutout Values:
Choice: 270.53… -2.04
Select: 242.25… -1.48
Choice/Select Spread: 28.28
Total Load Count: 119
Cutter Cow Cutout:
218.85… -0.45
CME Feeder Cattle Index for July 19th:
172.42… -0.08 / -0.05%
1 Year Change: +14.41%
52 Week Range: 150.71 to 174.05
Futures Settlements…
Live Cattle:
August: 135.75… +0.03
October: 141.32… +0.22
December: 146.82… +0.07
Feeder Cattle:
August: 177.82… -0.93
September: 180.97… -0.83
October: 183.75… -0.82
August Hogs: 114.87… +2.05
August Crude Oil: 102.26… -1.96
September Corn: 5.9225… -0.0450
September Wheat: 8.1950… +0.0725
Grain Cash Bids:
Omaha Corn: 7.29… -0.01
Kansas City Wheat: 8.28… +0.04
Financial Markets:
DJIA: 31,878.20… +51.15
S & P 500: 3,959.95… +23.26
NASDAQ: 11,896.34… +183.19
U.S. Dollar Index: 107.06… +0.37