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Daily Market Summary for May 29th

Updated Monday thru Friday around 4:00 PM CT

Cattle/Beef Market-Strength Indexes

10-Day Index Trendline

Change from Previous Day: -0.67%

Change from 10 Days Ago:  -3.18%

 

 60-Day Index Trendline

Change from 60 Days Ago: +7.38%​

Change from 60 Day High:    -4.52%

 
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.

Friday/Saturday Regional Auction Reports

 

Fed Cattle:
USDA reported on Friday afternoon that negotiated cash trade has been light on moderate demand in Nebraska. Compared to last week, early live purchases have been 3.00-10.00 lower at 255.00 and early dressed purchases have been 3.00-5.00 lower at 405.00. Negotiated cash trade has been limited on moderate demand in the Texas Panhandle and the Western Cornbelt. There have been a few early live purchases at 256.00 in the Texas Panhandle, but not enough for an adequate market test. The last established market in the Texas Panhandle was last week with live purchases at 260.00. In the Western Cornbelt, there have been a few early live purchases ranging from 255.00-258.00 and a few early dressed purchases at 405.00, but not enough for an adequate market test. The last established market in the Western Cornbelt was last week with live purchases from 258.00-265.00, mostly 260.00, and dressed purchases on a light test from 405.00-415.00, mostly 410.00. Negotiated cash trade has been mostly inactive on moderate demand in Kansas. The last established market in Kansas was last week with live purchases from 259.00-260.00, mostly 260.00.
Negotiated Sales:
Confirmed:    13,113
Week Ago:       8,369
Year Ago:       13,581
Formula Net - Dressed Steers & Heifers:
Head count priced today:       23,500
Weighted avg. weight:                 938
Weighted avg. net price:         412.16
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Cattle Slaughter under Federal Inspection:
Friday                         105,000
Week Ago                    99,000
Year Ago                     118,245
Week to Date             434,000
Last Week WTD         526,000
Last Year WTD           482,311
Thursday
Steers & Heifers:        90,000
Cows & Bulls:              20,000
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Boxed Beef:
Cutout Values:
Choice: 391.47… -0.85
Select: 383.18… -2.40
Choice/Select Spread: 8.29
Total Load Count: 83
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Cutter Cow Cutout:
359.84… +0.21
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CME Feeder Cattle Index for Thursday, May 28th:
Posted daily by CME for the prior business day
373.40… +3.77
*Historical High: 4/15/26 @ 379.09
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Futures Settlements:
Live Cattle:
June: 248.25… -1.50
August: 239.05… -1.95
October: 230.42… -2.15
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Feeder Cattle:
August: 348.42… -4.60
September: 345.35… -4.90
October: 342.02… -4.98
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June Lean Hogs: 95.85… -1.12
July Crude Oil as of 3.00 PM CT: 88.01… -0.89
-
July Corn: 4.4675… -0.0900
July Wheat: 6.1050… -0.1350
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Financial Markets:
DJIA: 51,032.65… +362.94
S & P 500: 7,580.13… +16.36
NASDAQ: 26,972.62… +55.15
U.S. Dollar Index: 98.89… -0.13
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.