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Aug
12
2022
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Posted 170 days ago ago by Administrator Account
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Daily Market Summary for August 12th
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 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. Thursday was the last reported market in the Southern Plains with live purchases at 140.00. Wednesday was the last reported market in Nebraska and Western Cornbelt. In Nebraska live and dressed purchases traded from 144.00-148.00 and from 229.00-230.00, respectively. In the Western Cornbelt live and dressed purchases traded from 145.00 -148.00 and at 229.00, respectively.
Negotiated Sales:
Confirmed: 1,291
Week Ago: 5,843
Year Ago: 4,874
Formula Net - Dressed Steers & Heifers:
Head count priced today: 27,800
Weighted avg. weight: 875.00
Weighted avg. net price: 224.88
Cattle Slaughter under Federal Inspection
Friday (est) 118,000
Week ago (est) 115,000
Year ago (act) 116,000
Week to Date 614,000
Same Period Last Week 612,000
Same Period Last Year 579,000
Thursday:
Steers & Heifers: 97,000
Cows & Bulls: 28,000
Boxed Beef:
Cutout Values:
Choice: 263.37… +0.27
Select: 239.59… +2.13
Choice/Select Spread: 23.78
Total Load Count: 89
Cutter Cow Cutout:
212.01… -2.09
CME Feeder Cattle Index for August 11th:
178.23… +0.22 / +0.12%
1 Year Change: +14.41%
52 Week Range: 152.31 to 178.28
Futures Settlements…
Live Cattle:
August: 140.22… -0.38
October: 144.50… -0.60
December: 150.62… -0.45
Feeder Cattle:
August: 179.62… -0.33
September: 183.37… -1.23
October: 186.00… -0.85
September Hogs: 100.02… -1.05
September Crude Oil: 92.09… +2.25
September Corn: 6.3975… +0.1050
September Wheat: 8.0600… -0.0475
Grain Cash Bids:
Omaha Corn: 7.54… +0.37
Kansas City Wheat: 8.42… -0.02
Financial Markets:
DJIA: 33,761.11… +424.44
S & P 500: 4,279.95… +72.68
NASDAQ: 13,047.19… +271.84
U.S. Dollar Index: 105.62… +0.53