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Jun
21
2024

Texas Daily Ag Market News Summary

Posted 29 days ago by Administrator Account

Daily Market Summary for June 21st

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 Friday in the Southern Plains, negotiated cash trading has been mostly inactive on light demand. Last week in the Southern Plains live FOB purchases traded at 186.00. In Nebraska and Western Cornbelt negotiated cash trading has been slow on moderate demand. In Nebraska, a few dressed purchases have traded from 310.00-312.00. However, not enough dressed delivered, or live FOB purchases for a full market trend. Last week live FOB traded early in the week 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. In the Western Cornbelt, a few live FOB purchases traded have traded at 197.00. However, not enough live FOB or dressed delivered purchases for a full market trend. Last week 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. **Late Friday afternoon trade was reported with live sales at mostly $189-$191 in the south and $198-$199 in the north.

Negotiated Sales:

Confirmed:  8,699

Week Ago:   8,888

Year Ago:   17,070

Formula Net - Dressed Steers & Heifers:

Head count priced today:   28,000

Weighted avg. weight:         855.00

Weighted avg. net price:     302.04

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Cattle Slaughter under Federal Inspection

Friday                  120,000

Week Ago            119,000

Year Ago              119,724

Week to Date      601,000

Last Week           608,000

Last Year             624,285

Thursday

Steers & Heifers:   98,000

Cows & Bulls:        23,000

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Boxed Beef:

Cutout Values:

Choice: 322.39… -0.48

Select:  303.11… -1.29

Choice/Select Spread: 19.28

Total Load Count: 131

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Cutter Cow Cutout:

285.77… -1.73

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CME Feeder Cattle Index for June 20th:

257.47… +1.68 / +0.66%

1 Year Change: +15.88%

52 Week Range: 215.33 to 257.47

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Futures Settlements:

June: 187.60… +0.53

August: 183.15… +0.60

Oct: 186.62… -0.20

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Feeder Cattle:

August: 258.37… -1.45

September: 259.90… -1.27

October: 260.62… -1.25

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August Lean Hogs: 89.32… +0.20

July Crude Oil: 81.29… +0.59

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September Corn: 4.4050…-0.0425

September Wheat: 5.7575… -0.1025

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Grain Cash Bids:

Omaha Corn: 4.46… -0.05

Kansas City Wheat: 5.31… -0.11

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Financial Markets:

DJIA: 39,149.31… +14.35

S & P 500: 5,464.92… -8.31

NASDAQ: 17,689.36… -32.23

U.S. Dollar Index: 105.80… +0.21






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