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Daily Market Summary for July 2nd

Updated Monday thru Friday around 4:00 PM CT

Cattle/Beef Market-Strength Indexes

10-Day Index Trendline

Change from Previous Day: +3.61%

Change from 10 Days Ago:  +7.40%

 

 60-Day Index Trendline

Change from 60 Days Ago: +36.35%​

Change from 60 Day High:   -0.80%

 
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.

Monday Regional Auction Reports

 

Fed Cattle:
As of 3:00 PM Tuesday in the Southern Plains, negotiated cash trade has been at a standstill. Last week in the Southern Plains live FOB purchases traded at 190.00. In Nebraska and the Western Cornbelt negotiated cash trade has been mostly inactive on very light demand. Last week in Nebraska live FOB purchases traded at 198.00, with few up to 200.00, dressed delivered purchases at 312.00, with a few up to 317.00. Last week in the Western Cornbelt live FOB purchases traded from 197.00-200.00, with the bulk of the purchases at 198.00, dressed delivered purchases traded at 312.00, with a few up to 317.00, on a light test.
Negotiated Sales:
Confirmed: 1,842
Week Ago:     253
Year Ago:       493
Formula Net - Dressed Steers & Heifers:
Head count priced today:   33,000
Weighted avg. weight:        875.00
Weighted avg. net price:    311.12
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Cattle Slaughter under Federal Inspection
Tuesday               118,000
Week Ago            121,000
Year Ago                  2,466
Week to Date      233,000
Last Week            236,000
Last Year               79,682
Monday
Steers & Heifers:  93,000
Cows & Bulls:        22,000
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Boxed Beef:
Cutout Values:
Choice: 330.39… +1.21
Select:  306.48… +0.07
Choice/Select Spread: 23.91
Total Load Count: 115
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Cutter Cow Cutout:
290.02… -0.08
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CME Feeder Cattle Index for July 1st:
257.58… +1.98 / +0.77%
1 Year Change: +11.31%
52 Week Range: 215.33 to 259.04
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Futures Settlements:
Live Cattle:  
August: 185.10… +0.83
October: 185.65… +1.50
December: 187.65… 2.10
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Feeder Cattle:
August: 261.10… +3.73
September: 261.32… +3.37
October: 261.45… +3.28
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August Lean Hogs: 89.77… +1.60
July Crude Oil: 83.00… -0.38
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September Corn: 4.0800… -0.0100
September Wheat: 5.8100… -0.0925
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Grain Cash Bids:
Omaha Corn: 4.33… +0.07
Kansas City Wheat: 5.35… -0.08
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Financial Markets:
DJIA: 39,331.85… +162.60
S & P 500: 5,509.04… +33.95
NASDAQ: 18,028.76… +149.36
U.S. Dollar Index: 105.69… -0.21
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.