Jun 13 2024

Texas Daily Ag Market News Summary Posted 16 days ago by Administrator Account

Daily Market Summary for June 13th

The Daily Market News Report is brought to you by The Cattle Range. Please visit their website for more information!

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Fed Cattle:

As of 3:00 PM Thursday in the Southern Plains, negotiated cash has been moderate on trade and demand. Compared to last week in the Southern Plains live FOB purchases traded 1.00 higher at 186.00. In Nebraska and the Western Cornbelt negotiated cash trade has been limited on good demand. There have been some early live FOB purchases in Nebraska and the Western Cornbelt from 192.00-195.00, however not enough trade for a market trend. Last week in Nebraska live FOB purchases traded at 190.00, while dressed delivered purchases traded at 301.00. Last week in the Western Cornbelt live FOB purchases traded from 190.00-193.00, while dressed delivered purchases traded at 301.00 on a light test.

Negotiated Sales:

Confirmed:   25,939

Week Ago:      6,666

Year Ago:      15,093

Formula Net - Dressed Steers & Heifers:

Head count priced today:  41,200

Weighted avg. weight:        901.00

Weighted avg. net price:    300.09

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Cattle Slaughter under Federal Inspection

Thursday            122,000

Week Ago            122,000

Year Ago              125,824

Week to Date     489,000

Last Week           489,000

Last Year             502,581

Wednesday

Steers & Heifers:    100,000

Cows & Bulls:           23,000

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Boxed Beef:

Cutout Values:

Choice: 318.31… +0.71

Select:  299.25… +0.32

Choice/Select Spread: 19.06

Total Load Count: 129

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Cutter Cow Cutout:

280.08… +0.93

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CME Feeder Cattle Index for June 12th:

255.86… +2.12 / +0.84%

1 Year Change: +12.12%

52 Week Range: 215.33 to 255.86

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Futures Settlements:

Live Cattle:

June: 184.82… +1.17

August: 179.50… +1.18

Oct: 181.70… +0.65

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Feeder Cattle:

August: 257.47… -0.10

September: 258.30… -0.17

October: 258.72… -0.13

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June Lean Hogs: 91.75… -0.27

June Crude Oil: 78.34… -0.16

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July Corn: 4.5850… +0.0425

July Wheat: 6.2000… +0.0300

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Grain Cash Bids:

Omaha Corn: 4.68… +0.03

Kansas City Wheat: 5.82… +0.04

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Financial Markets:

DJIA: 38,646.58… -65.20

S & P 500: 5,433.59… +12.65

NASDAQ: 17,667.56… +59.12

U.S. Dollar Index: 105.20… +0.55