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Daily Market Summary for May 17th

Updated Monday thru Friday around 4:00 PM CT

Cattle/Beef Market Velocity Trendlines +/-

10-Day Index Trendline

Change from Previous Day: +3.80%

Change from 10 Days Ago:  +11.57%

 

 60-Day Index Trendline

Change from 60 Days Ago: -8.09%​

Change from 60 Day High: -9.60%

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

Thursday Regional Auction Reports

 

Fed Cattle:
As of 3:00 PM Friday in the Texas Panhandle, negotiated cash trade has been limited on light demand. There was some live FOB purchases at 186.00. In Kansas, Nebraska, and the Western Cornbelt negotiated cash trade has been active on good demand. Compared to last week in Kansas live FOB purchases traded 2.00-3.00 186.00, with a few up to 190.00. Compared to last week In Nebraska live FOB purchases traded 3.00-4.00 higher at 190.00. Compared to last week dressed delivered purchases traded 2.00-3.00 higher from 298.00-300.00. Compared to last week in the Western Cornbelt live FOB purchases traded 3.00-5.00 higher at 190.00, with a few up to 191.00. Last week dressed delivered purchases at 295.00, with a few up to 296.00.
Negotiated Sales:
Confirmed:        41,292
Week Ago:         41,989
Year Ago:            3,029
Formula Net - Dressed Steers & Heifers:
Head count priced today:   22,300
Weighted avg. weight:         873.00
Weighted avg. net price:     294.65
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Cattle Slaughter under Federal Inspection
Friday                  102,000
Week Ago           120,000
Year Ago             122,292
Week to Date     589,000
Last Week           609,000
Last Year             624,061
Thursday
Steers & Heifers:    101,000
Cows & Bulls:           23,000
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Boxed Beef:
Cutout Values:
Choice: 313.45… +3.30
Select:  297.40… +0.89
Choice/Select Spread: 16.05
Total Load Count: 99
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Cutter Cow Cutout:
271.75… -2.20
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CME Feeder Cattle Index for May 16th:
243.04… +0.71 / +0.29%
1 Year Change: +20.21%
52 Week Range: 202.18 to 254.09
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Futures Settlements:
Live Cattle:
June: 181.05… +2.03
August: 179.05… +1.68
Oct: 181.95… +1.33
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Feeder Cattle:
May: 246.72… +1.87
August: 259.85… +2.50
September: 260.85… +2.45
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June Lean Hogs: 96.50… -1.87
June Crude Oil: 80.04… +0.81
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July Corn: 4.5250… -0.0450
July Wheat: 6.5125… -0.1200
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Grain Cash Bids:
Omaha Corn: 4.43… -0.04
Kansas City Wheat: 6.07… -0.11
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Financial Markets:
DJIA: 40,009.57… +139.47
S & P 500: 5,303.88… +6.73
NASDAQ: 16,685.97… -12.35
U.S. Dollar Index: 104.46… Unchanged

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.