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Jun
25
2018

Texas Daily Ag Market News Summary

Posted 6 years 155 days ago by Administrator Account

Daily Market Summary for June 25th

The Daily Market News Report bought to you by The Cattle Range. Please visit https://cattlerange.com/cattle-market-reports-analysis/daily-summary/ for more information!

Slaughter Cattle:

Thus far for Monday trade has been mostly inactive in all feeding regions. Not enough sales in any feed region for an adequate market test. The latest established market was last week in all feeding regions. Last week in the Texas Panhandle, live trades were from 109.00 to 110.00. In Kansas last week, live trades were mostly at 108.00. For the prior week in Nebraska, live purchases were mostly at 109.00, with dressed purchases mostly at 172.00. In the Western Cornbelt, last week saw live trades from 108.00 to 109.00 and dressed purchases from 172.00 to 173.00.

Negotiated Sales:

Confirmed: 2,327 Week Ago: 221 Year Ago: 33

Formula Net - Dressed Steers & Heifers

Head count priced today: 58,800

Weighted avg weight: 844.00

Weighted avg net price: 181.53

Alberta Beef Producers Daily Report:

Alberta direct cattle sales last week saw light to moderate trade develop with weighted average steer and heifer prices closing the week at 144.75 and 144.00 respectively. Prices are 2.00 higher than the previous week. All reported cash sales traded locally. Total beef and veal exports from January to April are up 4.5% compared to last year. Looking at the non-fed market butcher cows and bulls traded 0.50-2.00 lower through commercial auction facilities last week.

Livestock Slaughter under Federal Inspection:

CATTLE CALVES HOGS SHEEP

Monday (est 119,000 2,000 435,000 8,000

Week ago (est) 118,000 2,000 415,000 8,000

Year ago (act) 116,000 2,000 434,000 6,000

Boxed Beef:

Boxed beef cutout values steady to firm on moderate demand and offerings. Select and Choice rib, round, and loin cuts steady to weak while chuck cuts steady to firm. Beef trimmings mostly moderately lower on light demand and moderate offerings.

Cutout Values... Choice Select

Current Cutout Values: 217.69 201.89

Change from prior day: +0.53 -0.13

Choice/Select spread: 15.80

Futures Summary:

CME Feeder Cattle Index: 142.28… -0.29

June Live Cattle Futures: 105.97… -2.30

August Live Cattle Futures: 102.90… -3.00

October Live Cattle Futures: 106.42… -2.98

August Feeder Cattle Futures: 145.77… -3.43

September Feeder Cattle Futures: 146.50… -3.32

November Feeder Cattle Futures: 146.32… -3.15

July Hog Futures: 78.07… -1.75

National Grain Market Summary:

Compared to Friday, cash bids for wheat, corn, soybeans and sorghum were mostly lower. Concerns continue to grow with rising trade hostilities between the U.S. and its trading partners, namely China. In addition to this, corn is receiving pressure from favorable crop weather. SRW wheat crop quality remain a concern due to the wet weather.