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Jul
02
2018

Texas Daily Ag Market News Summary

Posted 6 years 148 days ago by Administrator Account

Daily Market Summary for July 2nd

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, trading has been at a standstill in all feeding regions. Last week in the Texas Panhandle, live trades were from 107.00 to 108.00. In Kansas for the prior week, live cash trades moved at 106.00. For the previous week in Nebraska, live trades were from 106.00 to 107.50, with dressed trades from 169.00 to 172.00. In the Western Cornbelt last week, live trades ranged from 105.00 to 109.00, with dressed purchases from 168.00 to 172.00.

Negotiated Sales:

Confirmed: none Week Ago: 2,327 Year Ago: 712

Formula Net - Dressed Steers & Heifers

Head count priced today: 58,500

Weighted avg weight: 844.00

Weighted avg net price: 174.77

Alberta Beef Producers Daily Report:

Canadian Holiday

Livestock Slaughter under Federal Inspection:

CATTLE CALVES HOGS SHEEP

Monday (est 119,000 2,000 463,000 8,000

Week ago (est) 116,000 2,000 435,000 8,000

Year ago (act) 108,000 1,000 374,000 6,000

Boxed Beef:

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

Cutout Values... Choice Select

Current Cutout Values: 211.88 198.77

Change from prior day: -0.08 +0.20

Choice/Select spread: 13.11

Futures Summary:

CME Feeder Cattle Index: 142.67… +0.67

August Live Cattle Futures: 106.90… +0.18

October Live Cattle Futures: 109.85… -0.17

December Live Cattle Futures: 113.77… +0.07

August Feeder Cattle Futures: 151.92… +0.60

September Feeder Cattle Futures: 152.12… +1.17

November Feeder Cattle Futures: 151.92… +1.85

August Hog Futures: 74.37… -2.08

National Grain Market Summary:

Compared to Friday, cash bids for corn, soybeans, and wheat were mostly lower, while sorghum was not quoted. Prices succumbed to mostly high-crop ratings and bearish response of investors to increased tariffs.