(800)-Tell-TDA
835-5832

News & Events > Agriculture Market Summary

weekly-market-recap2

Jul
11
2018

Texas Daily Ag Market News Summary

Posted 6 years 139 days ago by Administrator Account

Daily Market Summary for July 11th...

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:

So far for Wednesday trading in the Southern Plains has been at a standstill. In Nebraska and the Western Cornbelt trading has been limited on light demand. Not enough trades for a full market trend. The latest established market was last week, with live purchases in the Texas Panhandle mostly at 113.00. Last week in Kansas, live purchases traded mostly at 112.00 with a few up to 113.00. Last week in Nebraska, the bulk of live purchases traded from 113.50-114.00 with dressed purchases mostly at 180.00. In the Western Cornbelt for the previous week, live purchases traded mostly at 112.00, with dressed purchases ranging from 175.00-180.00.

Negotiated Sales:

Confirmed: 3,011 Week Ago: none Year Ago: 33,711

Formula Net - Dressed Steers & Heifers

Head count priced today: 15,700

Weighted avg weight: 854.00

Weighted avg net price: 177.12

Alberta Beef Producers Daily Report:

Alberta direct cattle sales Tuesday saw no new trade to report but there is a chance scattered trade could develop by this afternoon. Technical price levels have eased from the beginning of the week. Looking at the futures market both live and feeder cattle futures are seeing triple digit losses this morning. As we work through summer fed cattle supplies, market ready volumes are expected to remain ample over the next two months.

Livestock Slaughter under Federal Inspection:

CATTLE CALVES HOGS SHEEP

Wednesday (est 120,000 2,000 456,000 7,000

Week ago (est) 1,000 0 2,000 0

Year ago (act) 116,000 2,000 441,000 7,000

Week to date (est) 359,000 6,000 1,357,000 23,000

Last Week (est) 235,000 4,000 928,000 17,000

Last Year (act) 353,000 6,000 1,318,000 23,000

Boxed Beef:

Boxed beef cutout values steady on Choice and lower on Select on light to moderate demand and offerings. Select and Choice chuck and round cuts steady to weak while loin cuts weak to lower. Choice rib cuts higher while Select steady. Beef trimmings unevenly steady on moderate demand and heavy offerings.

Cutout Values... Choice Select

Current Cutout Values: 207.44 197.14

Change from prior day: +0.12 -1.23

Choice/Select spread: 10.30

Futures Summary:

CME Feeder Cattle Index: 145.08… -1.67

August Live Cattle Futures: 103.85… -1.60

October Live Cattle Futures: 106.25… -1.57

December Live Cattle Futures: 110.67… -1.60

August Feeder Cattle Futures: 149.40… -2.45

September Feeder Cattle Futures: 149.42… -2.63

November Feeder Cattle Futures: 149.95… -2.20

August Hog Futures: 68.80… -0.97

National Grain Market Summary:

Compared to yesterday, cash bids for wheat, corn, and soybeans and sorghum were lower. Grains were pressured by dry conditions across the corn belt, as well as the $200 billion worth of tariffs U.S has proposed against China recently.