Jul 29 2022

Daily Ag Market Report for 29 July, 2022 Posted 2 years 122 days ago by Administrator Account

Daily Market Summary for July 29th

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Slaughter Cattle: 

As of 3:00 PM Friday in the Western Cornbelt, negotiated cash trading has been slow on light to moderate demand. A few live purchases traded from 144.00-145.00. However, not enough purchases for a full market trend. Wednesday was the last reported market with live and dressed purchases from 141.00-145.00 and from 224.00-225.00, respectively. In the Southern Plains and Nebraska negotiated cash trading has been mostly inactive on light demand. Not enough purchases in any of these regions 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 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:               4,525

Week Ago:                4,613

Year Ago:                10,392

Formula Net - Dressed Steers & Heifers:

Head count priced today:   28,700

Weighted avg. weight:         879.00

Weighted avg. net price:     223.65

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Cattle Slaughter under Federal Inspection

Friday (est)                           124,000

Week ago (est)                     119,000

Year ago (act)                       113,000

Week to Date                       619,000

Same Period Last Week     616,000

Same Period Last Year       590,000

Thursday:

Steers & Heifers:  93,000

Cows & Bulls:        28,000

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Boxed Beef:

Cutout Values:

Choice: 269.24… +1.47

Select:  242.25… +1.44

Choice/Select Spread: 26.99

Total Load Count: 74

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Cutter Cow Cutout:

213.91… -1.90

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CME Feeder Cattle Index for July 28th:

172.31… -0.24 / -0.14%

1 Year Change: +11.86%

52 Week Range: 152.31 to 174.05

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Futures Settlements…

Live Cattle:

August: 136.45… +0.28

October: 142.22… +0.40

December: 148.15… +0.38

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Feeder Cattle:

August: 178.57… +1.15

September: 181.55… +1.35

October: 183.72… +1.00

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September Hogs: 97.22… +0.90

September Crude Oil: 98.62… +2.20

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September Corn: 6.1625… +0.0125

September Wheat: 8.0775… -0.0925

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Grain Cash Bids: 

Omaha Corn: 7.58… +0.04

Kansas City Wheat: 8.30… -0.15

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Financial Markets:

DJIA: 32,846.45… +316.82

S & P 500: 4,130.44… +58.01

NASDAQ: 12,388.40… +225.81

U.S. Dollar Index: 105.95… -0.40