Jul 05 2024

Texas Daily Ag Market News Summary Posted 57 days ago by Administrator Account

Daily Market Summary for July 5th

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

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As of 3:00 PM Friday in the Southern Plains, negotiated cash trading has been slow on light demand. Compared to last week live FOB purchases traded steady at 190.00, on a light test. In Nebraska negotiated cash trading has been inactive on very light demand. In the Western Cornbelt negotiated cash trading has been limited on light demand. Not enough purchases in these regions for a full market trend. For the prior week in Nebraska live FOB purchases traded at 198.00, with few up to 200.00, and dressed delivered purchases traded at 312.00, with a few up to 317.00. For the previous week in the Western Cornbelt live FOB purchases traded from 197.00-200.00, with the bulk at 198.00, dressed delivered purchases traded at 312.00, with a few up to 317.00, on a light test.

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Negotiated Sales:

Confirmed:   8,916

Week Ago:  22,417

Year Ago:    15,009

Formula Net - Dressed Steers & Heifers:

Head count priced today:   24,500

Weighted avg. weight:         895.00

Weighted avg. net price:     309.78

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Cattle Slaughter under Federal Inspection

Thursday                 6,000

Week Ago            121,000

Year Ago              127,443

Week to Date      359,000

Last Week            474,000

Last Year              333,558

Wednesday

Steers & Heifers:   97,000

Cows & Bulls:         23,000

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Boxed Beef:

Cutout Values:

Choice: 330.43… +0.59

Select:  305.06… +0.68

Choice/Select Spread: 25.37

Total Load Count: 89

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Cutter Cow Cutout:

291.74… -1.74

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CME Feeder Cattle Index for July 3rd:

255.69… -0.75 / -0.29%

1 Year Change: +9.84%

52 Week Range: 215.33 to 259.04

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Futures Settlements:

Live Cattle:  

August: 186.42… +0.50

October: 187.17… +0.32

December: 188.77… -0.08

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Feeder Cattle:

August: 261.47… -1.90

September: 262.22… -1.40

October: 262.22… -1.30

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August Lean Hogs: 89.17… -0.65

July Crude Oil: 83.11… -0.77

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September Corn: 4.1050… +0.0500

September Wheat: 5.9050… +0.1650

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Grain Cash Bids:

Omaha Corn: 4.25… -0.05

Kansas City Wheat: 5.42… +0.15

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Financial Markets:

DJIA: 39,376.00… +68.00

S & P 500: 5,567.17… +30.15

NASDAQ: 18,352.76… +164.46

U.S. Dollar Index: 104.86… -0.27