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Jul
28
2022

Daily Ag Market Summary for 28 July, 2022

Posted 185 days ago ago by Administrator Account

Daily Market Summary for July 28th

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 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