|
Aug
16
2022
|
|
Posted 166 days ago ago by Administrator Account
|
|
Daily Market Summary for August 16th
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 Nebraska, negotiated cash trading has been limited on light demand. In the Southern Plains and Western Cornbelt negotiated cash trading has been mostly inactive on light demand. Not enough purchases in any region for a market trend. Last week in the Southern Plains live purchases traded at 140.00. For prior week in Nebraska live and dressed purchases traded from 144.00-148.00 and from 229.00-230.00, respectively. For the previous week in the Western Cornbelt live and dressed purchases traded from 146.00-148.00 and at 229.00, respectively.
Negotiated Sales:
Confirmed: 3,330
Week Ago: 861
Year Ago: 4,685
Formula Net - Dressed Steers & Heifers:
Head count priced today: 40,500
Weighted avg. weight: 872.00
Weighted avg. net price: 224.60
Cattle Slaughter under Federal Inspection
Tuesday (est) 126,000
Week ago (est) 126,000
Year ago (act) 122,000
Week to Date 247,000
Same Period Last Week 245,000
Same Period Last Year 240,000
Monday:
Steers & Heifers: 94,000
Cows & Bulls: 27,000
Boxed Beef:
Cutout Values:
Choice: 265.44… +0.98
Select: 239.12… -0.60
Choice/Select Spread: 26.32
Total Load Count: 161
Cutter Cow Cutout:
214.08… +2.41
CME Feeder Cattle Index for August 15th:
179.35… +0.31 / +0.17%
1 Year Change: +15.78%
52 Week Range: 152.31 to 179.35
Futures Settlements…
Live Cattle:
August: 141.30… +1.55
October: 145.67… +1.87
December: 151.20… +1.48
Feeder Cattle:
August: 181.52… +1.60
September: 185.47… +2.47
October: 188.02… +2.42
October Hogs: 96.57… -4.00
September Crude Oil: 86.53… -2.88
December Corn: 6.1025… -0.1800
December Wheat: 8.0275… -0.1500
Grain Cash Bids:
Omaha Corn: 7.03… -0.20
Kansas City Wheat: 8.27… -0.11
Financial Markets:
DJIA: 34,152.04… +239.60
S & P 500: 4,305.22… +8.08
NASDAQ: 13,102.55… -25.50
U.S. Dollar Index: 106.51… -0.03