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Aug
22
2022
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Posted 160 days ago ago by Administrator Account
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Daily Market Summary for August 22nd
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 Monday, negotiated cash trading has been at a standstill in the Southern Plains and Nebraska. In the Western Cornbelt negotiated cash trading has been mostly inactive on very light demand. Not enough purchases for a market trend. Last week in the Southern Plains live purchases traded from 141.00-142.00. For the prior week in Nebraska live and dressed purchases traded from 146.00-148.50 and at 234.00, respectively. For the previous week in the Western Cornbelt live and dressed purchases traded from 148.00-150.00 and at 234.00, respectively.
Negotiated Sales:
Confirmed: 286
Week Ago: 800
Year Ago: 2,686
Formula Net - Dressed Steers & Heifers:
Head count priced today: 46,600
Weighted avg. weight: 878.00
Weighted avg. net price: 226.17
Cattle Slaughter under Federal Inspection
Monday (est) 125,000
Week ago (est) 121,000
Year ago (act) 117,000
Friday:
Steers & Heifers: 96,000
Cows & Bulls: 26,000
Boxed Beef:
Cutout Values:
Choice: 264.52… +0.24
Select: 238.36… +0.42
Choice/Select Spread: 26.16
Total Load Count: 89
Cutter Cow Cutout:
213.44… -0.54
CME Feeder Cattle Index for August 19th:
180.66… +1.45 / +0.81%
1 Year Change: +16.01%
52 Week Range: 152.31 to 180.66
Futures Settlements…
Live Cattle:
August: 141.22… -0.38
October: 144.50… -0.75
December: 150.52… -0.45
Feeder Cattle:
August: 181.40… -0.10
September: 184.35… -0.40
October: 186.47… -0.30
October Hogs: 93.97… +0.85
September Crude Oil: 90.23… -0.54
December Corn: 6.3350… +0.1025
December Wheat: 7.8825… +0.1725
Grain Cash Bids:
Omaha Corn: 7.37… +0.05
Kansas City Wheat: 8.10… +0.21
Financial Markets:
DJIA: 33,065.52… -641.22
S & P 500: 4,138.37… -90.11
NASDAQ: 12,384.02… -321.02
U.S. Dollar Index: 108.97… +0.80