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Aug
03
2022
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Posted 176 days ago ago by Administrator Account
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Daily Market Summary for August 3rd
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 in Nebraska, negotiated cash trading has been slow on moderate demand. Compared to last week live purchases ranged from 140.00-142.00, mostly 2.00 higher at 140.00. Not enough dressed purchases for a market trend. Last week dressed purchases traded at 225.00. In the Western Cornbelt negotiated cash trading has been limited on light demand. In the Southern Plains negotiated cash trading has been mostly inactive on light demand. Not enough purchases in these regions for a market trend. In the Southern Plains the last reported market was on Tuesday with live purchases at 135.00. In the Western Cornbelt the last reported live purchase market was on Tuesday at 143.00. For the prior week dressed purchases traded from 224.00-228.00.
Negotiated Sales:
Confirmed: 16,349
Week Ago: 23,482
Year Ago: 29,149
Formula Net - Dressed Steers & Heifers:
Head count priced today: 18,400
Weighted avg. weight: 853.00
Weighted avg. net price: 226.55
Cattle Slaughter under Federal Inspection
Wednesday (est) 124,000
Week ago (est) 125,000
Year ago (act) 122,000
Week to Date 372,000
Same Period Last Week 374,000
Same Period Last Year 362,000
Tuesday:
Steers & Heifers: 97,000
Cows & Bulls: 27,000
Boxed Beef:
Cutout Values:
Choice: 267.94… -0.52
Select: 241.30… -0.25
Choice/Select Spread: 26.64
Total Load Count: 106
Cutter Cow Cutout:
213.75… +1.78
CME Feeder Cattle Index for August 2nd:
174.04… -0.36 / -0.21%
1 Year Change: +11.59%
52 Week Range: 152.31 to 174.74
Futures Settlements…
Live Cattle:
August: 137.90… +1.33
October: 143.95… +1.83
December: 149.95… +1.68
Feeder Cattle:
August: 179.35… +1.23
September: 182.90… +1.45
October: 185.70… +1.50
September Hogs: 95.85… -0.37
September Crude Oil: 90.66… -3.76
September Corn: 5.9150… +0.0025
September Wheat: 7.6375… -0.1100
Grain Cash Bids:
Omaha Corn: 7.30… +0.01
Kansas City Wheat: 7.76… -0.21
Financial Markets:
DJIA: 32,812.00… +415.83
S & P 500: 4,055.12… +63.93
NASDAQ: 12,668.16… +319.40
U.S. Dollar Index: 106.37… +0.13