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Daily Market Summary for June 9th

Updated Monday thru Friday around 4:00 PM CT

Cattle/Beef Market-Strength Indexes

10-Day Index Trendline

Change from Previous Day: +1.30%

Change from 10 Days Ago:  -1.25%

 

 60-Day Index Trendline

Change from 60 Days Ago: +2.38%​

Change from 60 Day High:   -4.54%

 
Indexes track daily market values for the past 10 & 60 days.
Each daily value is the weighted total of the Gain/(Loss) for
major market factors compared to the previous trading day.

Monday Regional Auction Reports

 

Fed Cattle:   USDA reported on Tuesday afternoon that negotiated cash trade has been inactive on light demand in all major feeding regions. The last established market test in the Texas Panhandle was last week with live purchases at mostly 256.00. The last established market test in Kansas was last week with live purchases from 256.00-258.00. The last established market test in Nebraska was last week with live purchases at mostly 256.00 and dressed purchases at mostly 405.00. The last established market test in the Western Cornbelt was last week with live purchases at mostly 256.00 and dressed purchases at 405.00.
Negotiated Sales:
Confirmed:         100
Week Ago:          161
Year Ago:            536
Formula Net - Dressed Steers & Heifers:
Head count priced today:       22,500
Weighted avg. weight:                  947
Weighted avg. net price:         407.95
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Cattle Slaughter under Federal Inspection:
Tuesday                     109,000
Week Ago                   110,000
Year Ago                     118,024
Week to Date            211,000
Last Week WTD         214,000
Last Year WTD           229,963
Monday
Steers & Heifers:         84,000
Cows & Bulls:               18,000
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Boxed Beef:
Cutout Values:
Choice: 392.90… +0.70
Select: 376.93… -1.18
Choice/Select Spread: 15.97
Total Load Count: 138
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Cutter Cow Cutout:
362.56… +1.27
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CME Feeder Cattle Index for Monday, June 8th:
Posted daily by CME for the prior business day
368.20… +1.19
*Historical High: 4/15/26 @ 379.09
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Futures Settlements:
Live Cattle:
June: 248.02… +1.50
August: 239.70… +2.98
October: 232.12… +2.77
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Feeder Cattle:
August: 354.15… +3.45
September: 350.70… +3.25
October: 346.90… +3.13
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July Lean Hogs: 96.15… -1.22
July Crude Oil as of 3.00 PM CT: 88.58… -2.72
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July Corn: 4.1950… +0.0075
July Wheat: 5.8525… +0.0200
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Financial Markets:
DJIA: 50,870.94… +85.05
S & P 500: 7,386.35… -19.14
NASDAQ: 25,678.82… -250.84
U.S. Dollar Index: 99.96… -0.09
Although all information is from sources believed to be accurate & timely, The Cattle Range expressly disclaims all warranties, expressed or implied, as to the accuracy of any of the contents provided and shall not be liable for decisions or actions taken based on the data, information, and opinions contained within.