|
Aug
17
2022
|
|
Posted 162 days ago ago by Administrator Account
|
|
Daily Market Summary for August 17th
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 the Southern Plains, Nebraska and Western Cornbelt, negotiated cash trading has been limited on light demand. In the Southern Plains, a few, live purchases traded at 141.00. In the Western Cornbelt, a few, live purchases traded at 147.00. However, not enough purchases in any region for a full 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: 6,351
Week Ago: 14,470
Year Ago: 36,439
Formula Net - Dressed Steers & Heifers:
Head count priced today: 19,200
Weighted avg. weight: 860.00
Weighted avg. net price: 229.01
Cattle Slaughter under Federal Inspection
Wednesday (est) 126,000
Week ago (est) 126,000
Year ago (act) 120,000
Week to Date 373,000
Same Period Last Week 371,000
Same Period Last Year 360,000
Tuesday:
Steers & Heifers: 95,000
Cows & Bulls: 27,000
Boxed Beef:
Cutout Values:
Choice: 264.34… -1.10
Select: 237.89… -1.23
Choice/Select Spread: 26.45
Total Load Count: 145
Cutter Cow Cutout:
213.33… -0.75
CME Feeder Cattle Index for August 16th:
179.89… +0.54 / +0.30%
1 Year Change: +15.88%
52 Week Range: 152.31 to 179.89
Futures Settlements…
Live Cattle:
August: 141.75… +0.45
October: 145.85… 0.18
December: 151.50… +0.30
Feeder Cattle:
August: 183.25… +1.73
September: 187.12… +1.65
October: 189.55… +1.53
October Hogs: 98.05… +1.48
September Crude Oil: 88.11… +1.58
December Corn: 6.1200… +0.0175
December Wheat: 7.8050… -0.2225
Grain Cash Bids:
Omaha Corn: 7.06… +0.03
Kansas City Wheat: 8.06… -0.21
Financial Markets:
DJIA: 33,980.72… -171.29
S & P 500: 4,274.06… -31.14
NASDAQ: 12,938.12… -164.43
U.S. Dollar Index: 106.63… +0.12