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Jul
29
2022

Daily Ag Market Report for 29 July, 2022

Posted 181 days ago ago by Administrator Account


Daily Market Summary for July 29th

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 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