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Daily Market Summary for May 7th

Updated Monday thru Friday around 4:00 PM CT

See Entire Summary Below


Daily Market Indexes & Trendlines
Indicators of cattle/beef market strength

10-Day Index Trendline

Change from Previous Day: -0.20%
Change from 10 Days Ago: -3.60%
Change from 60 Days Ago: -4.65%​   

60-Day Index Trendline

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.

 

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Weekly Market Summary

 

Daily Market Summary for May 7th

   
Slaughter Cattle:
As of 3:00 PM Friday, negotiated cash trading has been mostly inactive on very light demand in Kansas, not enough purchases for a full market trend. Negotiated cash trading has been at a standstill in all other major feeding regions. On Wednesday in the Southern Plains live purchases traded from 117.50-119.00 in the Texas Panhandle and at 119.00 in Kansas. On Tuesday in Nebraska live purchases traded at 118.00 and dressed purchases traded from 188.00-190.00. The last reported market In Colorado was last week with live purchases from 119.00-120.00. In the Western Cornbelt on Tuesday, live purchases traded from 118.00-119.00 and dressed purchases traded from 187.00- 190.00.
   
Negotiated Sales:
Confirmed:             1,229
Week Ago:              2,600
Year Ago:              11,392
 
Formula Net
Dressed Steers & Heifers:
Head count priced today:   26,700
Weighted avg. weight:        842 lbs.
Weighted avg. net price:     190.94
        
         
Cattle Slaughter under Federal Inspection:
Friday (est)                           111,000
Week ago (est)                    115,000
Year ago (act)                        89,000
Week to Date                      581,000
Same Period Last Week    592,000
Same Period Last Year      429,000
Previous Day (est)
Steers & Heifers:  90,000
Cows & Bulls:        25,000
                                                                                                               
Boxed Beef:
Cutout Values:
Choice: 305.88… -0.49
Select:  290.27… +0.91
Choice/Select Spread: 15.61
Total Load Count: 64
             
Cutter Cow Cutout:
203.23… +1.68
    
CME Feeder Cattle Index for May 6th:
130.83… -0.73
               
Futures Settlements…
Live Cattle:
June: 116.02… +0.55
August: 118.85… +0.38
October: 123.45… -0.02
    
Feeder Cattle:
May: 131.72… +1.25
August: 144.27… +0.87
September: 146.05… +0.50
      
June Hogs: 112.85… -1.62
June Crude Oil: 64.90… +0.19
    
May Corn: 7.7275… +0.1325
May Wheat: 7.7350… +0.0925
    
Grain Cash Bids:
Kansas City Corn: 7.54… +0.12
Kansas City Wheat: 7.12… +0.09
    
Financial Markets:
DJIA: 34,776.44… +238.37
S & P 500: 4,232.43… +30.80
NASDAQ: 13,752.24… +119.60
U.S. Dollar Index: 90.20… -0.75
          

View Regional Cattle Auction Reports for Friday/Saturday, May 7th & 8th

  

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. .