Jul 28 2022

Daily Ag Market Summary for 28 July, 2022 Posted 2 years 123 days ago by Administrator Account

Daily Market Summary for July 28th

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Slaughter Cattle: 

As of 3:00 PM Thursday, in the Southern Plains negotiated cash trading has been mostly inactive on light demand. In Nebraska and Western Cornbelt negotiated cash trading has been limited on light demand. Not enough purchases in any region for a market trend. Wednesday was the last reported market in Nebraska with live and dressed purchases at 138.00 and at 225.00, respectively. Wednesday was the last reported market in the Western Cornbelt with live and dressed purchases from 141.00-145.00 and from 224.00-225.00, respectively. Wednesday was the last reported market in Kansas with live purchases at 135.00. Tuesday was the reported market in the Texas Panhandle with live purchases at 135.00.

Negotiated Sales:

Confirmed:               7,888

Week Ago:                6,984

Year Ago:                 28,470

Formula Net - Dressed Steers & Heifers:

Head count priced today:   24,800

Weighted avg. weight:        848.00

Weighted avg. net price:     226.43

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Cattle Slaughter under Federal Inspection

Thursday (est)                     121,000

Week ago (est)                     123,000

Year ago (act)                       120,000

Week to Date                       495,000

Same Period Last Week     497,000

Same Period Last Year       477,000

Wednesday:

Steers & Heifers:  97,000

Cows & Bulls:        28,000

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Boxed Beef:

Cutout Values:

Choice: 267.77… -0.22

Select:  240.81… -1.00

Choice/Select Spread: 26.96

Total Load Count: 99

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Cutter Cow Cutout:

215.80… +3.48

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CME Feeder Cattle Index for July 27th:

172.55… +1.91 / +1.12%

1 Year Change: +12.05%

52 Week Range: 152.31 to 174.05

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Futures Settlements…

Live Cattle:

August: 136.17… -0.63

October: 141.82… -0.50

December: 147.77… -0.40

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Feeder Cattle:

August: 177.42… -1.68

September: 180.20… -1.65

October: 182.72… -1.75

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September Hogs: 96.32… -0.13

September Crude Oil: 96.42… -0.84

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September Corn: 6.1500… +0.1475

September Wheat: 8.1700… +0.2675

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Grain Cash Bids: 

Omaha Corn: 7.54… +0.13

Kansas City Wheat: 8.45… +0.28

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Financial Markets:

DJIA: 32,526.86… +329.27

S & P 500: 4,072.17… +48.56

NASDAQ: 12,162.59… +130.17

U.S. Dollar Index: 106.27…. -0.18