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Sep
20
2022
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Posted 1 years 9 days ago ago by Administrator Account
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Daily Market Summary for September 20th
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, negotiated cash trading has been at a standstill in the Southern Plains and Nebraska. In the Western Cornbelt negotiated cash trading has been limited on very light demand. Not enough purchases for a market trend. Last week in the Southern Plains live purchases traded at 142.00. For the prior week in Nebraska live and dressed purchases traded at 143.00 and from 226.00-227.00, respectively. For the previous week in the Western Cornbelt live and dressed purchases traded from 143.00-145.00 and at 226.00, respectively.
Negotiated Sales:
Confirmed: 2,139
Week Ago: 888
Year Ago: 1,765
Formula Net - Dressed Steers & Heifers:
Head count priced today: 31,200
Weighted avg. weight: 883.00
Weighted avg. net price: 227.86
Cattle Slaughter under Federal Inspection
Tuesday (est) 128,000
Week ago (est) 128,000
Year ago (act) 122,000
Week to Date 255,000
Same Period Last Week 253,000
Same Period Last Year 241,000
Monday:
Steers & Heifers: 101,000
Cows & Bulls: 26,000
Boxed Beef:
Cutout Values:
Choice: 251.64… -0.81
Select: 227.23… +1.34
Choice/Select Spread: 24.41
Total Load Count: 145
Cutter Cow Cutout:
211.86… -0.03
CME Feeder Cattle Index for September 19th:
178.20… +0.28 / +0.16%
1 Year Change: +15.89%
52 Week Range: 152.31 to 183.16
Futures Settlements…
Live Cattle:
October: 146.30… +0.58
December: 151.07… +0.17
February: 155.20… -0.05
Feeder Cattle:
September: 178.80… -1.15
October: 182.02… -2.28
November: 181.27… -2.25
October Hogs: 95.97… -0.50
October Crude Oil: 84.45… -1.28
December Corn: 6.9200… +0.1375
December Wheat: 8.9375… +0.6325
Grain Cash Bids:
Omaha Corn: 7.38… +0.16
Kansas City Wheat: 9.23… +0.53
Financial Markets:
DJIA: 30,674.10… -345.58
S & P 500: 3,857.13… -42.76
NASDAQ: 11,416.85… -118.17
U.S. Dollar Index: 110.16… +0.42