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Daily Market Summary for May 8th

Updated Monday thru Friday around 4:00 PM CT

Cattle/Beef Market-Strength Indexes

10-Day Index Trendline

Change from Previous Day: +2.21%

Change from 10 Days Ago:  +6.03%

 

 60-Day Index Trendline

Change from 60 Days Ago: +25.88%​

Change from 60 Day High:   +1.89%

 
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.

Wednesday Regional Auction Reports

 

Fed Cattle: 
USDA reported on Thursday afternoon that negotiated cash trade in the Southern Plains was limited on good demand. The last market test in the Texas Panhandle was on Wednesday with live purchases at 219.00. The last market test in Kansas was on Tuesday with live purchases at 218.00-220.00. In Nebraska and the Western Cornbelt, trade was light to moderate on very good demand. In Nebraska, compared to last week, live purchases traded 3.00-5.00 higher from 225.00-228.00, with dressed purchases 5.00 higher from 355.00-360.00, mostly 355.00. In the Western Cornbelt, compared to last week, live purchases traded 3.00-5.00 higher from 225.00-228.00, with a few early dressed purchases from 355.00-360.00, although not enough for an adequate market test. The latest established dressed market in the Western Cornbelt was last week at 350.00.
Negotiated Sales:
Confirmed:   22,803
Week Ago:    12,811
Year Ago:        1,591
Formula Net - Dressed Steers & Heifers:
Head count priced today:   27,600
Weighted avg. weight:             901
Weighted avg. net price:     347.29
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Cattle Slaughter under Federal Inspection:
Thursday                 120,000
Week Ago                120,000
Year Ago                  121,724
Week to Date         469,000
Last Week WTD      465,000
Last Year WTD        484,720
Wednesday
Steers & Heifers:      99,000
Cows & Bulls:            20,000
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Boxed Beef:
Cutout Values:
Choice: 347.89… +1.74
Select:  333.20… -0.80
Choice/Select Spread: 14.69
Total Load Count: 122
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Cutter Cow Cutout:
292.44… +0.14
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CME Feeder Cattle Index for Wednesday, May 7th:
295.78… +2.37
52 Week High: 296.38 on 5/1/25
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Futures Settlements:
Live Cattle:
June: 214.25… +1.73
August: 210.00… +1.63
October: 207.47… +1.30
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Feeder Cattle:
May: 297.47… +3.02
August: 301.25… +2.65
September: 300.22… +2.90
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June Lean Hogs: 97.17… -0.15
June Crude Oil: 60.00… +1.93
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July Corn: 4.4750… -0.0175
July Wheat: 5.2925… -0.0525
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Financial Markets:
DJIA: 41,368.82… +254.91
S & P 500: 5,664.22… +32.95
NASDAQ: 17,928.14… +189.98
U.S. Dollar Index: 100.63… +1.02
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.