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Jun
24
2024

Texas Daily Ag Market News Summary

Posted 27 days ago by Administrator Account

Daily Market Summary for June 24th

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 Monday in the Southern Plains and Nebraska, negotiated cash trade has been at a standstill. In the Western Cornbelt negotiated cash has been mostly inactive on light demand. Last week in the Texas Panhandle live FOB purchases traded from 189.00-190.00. Last week in Kansas live FOB purchases traded from 188.00-191.00, with a few up to 198.00. Last week in Nebraska, live FOB purchase traded from 197.00-198.00, with few up to 198.50, dressed delivered purchases traded from 310.00-312.00. Last week in the Western Cornbelt live FOB purchases traded from 197.00-198.00, dressed delivered purchases at 310.00, with a few up to 314.00, on a light test.

Negotiated Sales:

Confirmed:    518

Week Ago:     474

Year Ago:      286

Formula Net - Dressed Steers & Heifers:

Head count priced today:   34,300

Weighted avg. weight:        888.00

Weighted avg. net price:     298.65

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Cattle Slaughter under Federal Inspection

Monday               115,000

Week Ago            116,000

Year Ago             124,524

Week to Date     115,000

Last Week           116,000

Last Year             124,524

Friday

Steers & Heifers:   97,000

Cows & Bulls:         23,000

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Boxed Beef:

Cutout Values:

Choice: 322.64… +0.25

Select:  305.07… +1.96

Choice/Select Spread: 17.57

Total Load Count: 109

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Cutter Cow Cutout:

258.34… +0.87

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CME Feeder Cattle Index for June 21st:

258.34… +0.87 / +0.34%

1 Year Change: +16.66%

52 Week Range: 215.33 to 258.34

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Futures Settlements:

June: 188.90… +1.30

August: 184.82… +1.67

Oct: 183.80… +0.18

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Feeder Cattle:

August: 258.90… +0.53

September: 260.12… +0.22

October: 260.67… +0.05

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August Lean Hogs: 86.72… -2.60

July Crude Oil: 81.68… +0.95

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September Corn: 4.3950… -0.0100

September Wheat: 5.7100… -0.0475

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Grain Cash Bids:

Omaha Corn: 4.48… +0.02

Kansas City Wheat: 5.32… +0.01

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Financial Markets:

DJIA: 39,410.87… +261.56

S & P 500: 5,447.84… -17.08

NASDAQ: 17,496.82… -192.54

U.S. Dollar Index: 105.48… -0.32






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