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Jun
20
2024

Texas Daily Ag Market News Summary

Posted 30 days ago by Administrator Account

Daily Market Summary for June 20th

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


Fed Cattle:

As of 3:00 PM Thursday in the Texas Panhandle and Nebraska, negotiated cash trade has been at a standstill. Last week in the Southern Plains live FOB purchases traded at 186.00. In the Kansas and the Western Cornbetl negotiated cash trade has been mostly inactive on light demand. Last week In Nebraska live FOB trade early in the week traded at 190.00, with later in the week purchases ranging from 195.00-198.00, while dressed delivered purchases traded from 305.00- 306.00, with a few up to 310.00. Last week in the Western Cornbelt live FOB purchases traded from 190.00-197.00 mostly from 193.00-195.00, dressed delivered purchases traded from 305.00-306.00 with a few up to 310.00.

Negotiated Sales:

Confirmed:     453

Week Ago: 25,939

Year Ago:     3,556

Formula Net - Dressed Steers & Heifers:

Head count priced today:   28,300

Weighted avg. weight:         908.00

Weighted avg. net price:     303.55

Negotiated Sales:

Confirmed:    266

Week Ago:  1,904

Year Ago:    1,111

Formula Net - Dressed Steers & Heifers:

Head count priced today:   29,700

Weighted avg. weight:         889.00

Weighted avg. net price:     303.44

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Cattle Slaughter under Federal Inspection

Thursday            121,000

Week Ago            122,000

Year Ago              126,784

Week to Date      481,000

Last Week            489,000

Last Year              504,561

Wednesday

Steers & Heifers:   98,000

Cows & Bulls:         23,000

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Boxed Beef:

Cutout Values:

Choice: 322.87… +2.17

Select:  304.40… +1.14

Choice/Select Spread: 18.47

Total Load Count: 98

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Cutter Cow Cutout:

287.50… +0.06

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CME Feeder Cattle Index for June 18th:

255.47… -1.60 / -0.62%

1 Year Change: +14.98%

52 Week Range: 215.33 to 257.07

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Futures Settlements:

June: 187.07… +0.40

August: 182.55… +0.45

Oct: 182.82… -0.05

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Feeder Cattle:

August: 259.82… -0.13

September: 261.17… +0.05

October: 261.87… -1.10

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August Lean Hogs: 91.15… -0.42

July Crude Oil: 82.34… +0.77

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September Corn: 4.4475… -0.1100

September Wheat: 5.8600… -0.1300

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Grain Cash Bids:

Omaha Corn: 4.51… -0.07

Kansas City Wheat: 5.42… -0.09

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Financial Markets:

DJIA: 39,134.96… +300.87

S & P 500: 5,473.23… -13.88

NASDAQ: 17,721.59… -140.64

U.S. Dollar Index: 105.62… +0.37






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