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Aug
09
2022
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Posted 170 days ago ago by Administrator Account
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Daily Market Summary for August 9th
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 Tuesday in the Southern Plains, negotiated cash trading has been at a standstill. In Nebraska and Western Cornbelt negotiated cash trading has been mostly inactive on light demand. Not enough purchases for a market trend in any region. Last week in the Texas Panhandle live purchases traded from 135.00-136.00. In Kansas last week live purchases traded at 136.00. For the prior week in Nebraska live and dressed purchases traded from 140.00-143.00 and at 227.00, respectively. For the previous week in the Western Cornbelt live purchases ranged from 141.00- 147.00 and dressed purchases ranged from 225.00-232.00.
Negotiated Sales:
Confirmed: 861
Week Ago: 2,741
Year Ago: 500
Formula Net - Dressed Steers & Heifers:
Head count priced today: 30,900
Weighted avg. weight: 854.00
Weighted avg. net price: 221.06
Cattle Slaughter under Federal Inspection
Tuesday (est) 126,000
Week ago (est) 124,000
Year ago (act) 118,000
Week to Date 245,000
Same Period Last Week 248,000
Same Period Last Year 231,000
Monday:
Steers & Heifers: 93,000
Cows & Bulls: 26,000
Boxed Beef:
Cutout Values:
Choice: 264.73… -1.51
Select: 237.70… -1.16
Choice/Select Spread: 27.03
Total Load Count: 154
Cutter Cow Cutout:
213.25… -1.40
CME Feeder Cattle Index for August 8th:
176.40… +1.09 / +0.62%
1 Year Change: +12.84%
52 Week Range: 152.31 to 176.40
Futures Settlements…
Live Cattle:
August: 137.97… -0.38
October: 143.17… -1.05
December: 149.65… -0.80
Feeder Cattle:
August: 178.00… -3.27
September: 182.50… -3.15
October: 185.57… -2.13
September Hogs: 99.60… -0.70
September Crude Oil: 90.50… -0.26
September Corn: 6.1550… +0.07
September Wheat: 7.8150… -0.0175
Grain Cash Bids:
Omaha Corn: 7.18… +0.08
Kansas City Wheat: 8.07… +0.03
Financial Markets:
DJIA: 32,776.25… -56.29
S & P 500: 4,122.76… -17.30
NASDAQ: 12,494.54… -149.91
U.S. Dollar Index: 106.44… -0.08