(800)-Tell-TDA
835-5832

News & Events > Agriculture Market Summary

weekly-market-recap2

Jul
30
2018

Texas Daily Ag Market News Summary

Posted 6 years 120 days ago by Administrator Account

Daily Market Summary for July 30th

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:

Monday trading in the Southern Plains and Colorado has been at a standstill. Last week in the Southern Plains, Colorado and Nebraska live cash trades moved at 112.00. In Nebraska dressed cash trades were at 178.00 on a very light test. For the prior week in the Western Cornbelt live cash trades moved at 110.00 and dressed cash trades moved at 178.00 on a very light test.

Negotiated Sales:

Confirmed: 586 Week Ago: 76 Year Ago: 898

Formula Net - Dressed Steers & Heifers

Head count priced today: 63,800

Weighted avg weight: 840.00

Weighted avg net price: 179.66

Alberta Beef Producers Daily Report:

Alberta direct cattle sales last week saw light trade develop with weighted average steer and heifer prices closing the week at 149.75 and 148.50 respectively. Prices are 2.00-3.00 lower than the previous week. All reported cash sales traded locally. Looking at the non-fed market butcher cows traded 2.00-3.00 higher through commercial auction facilities last week. Butcher cow prices are trading at the highest point in eight weeks. Seasonally non-fed prices should be nearing second half of the year highs.

Livestock Slaughter under Federal Inspection:

CATTLE CALVES HOGS SHEEP

Monday (est 117,000 2,000 436,000 8,000

Week ago (est) 111,000 2,000 421,000 7,000

Year ago (act) 110,000 1,000 420,000 7,000

Boxed Beef:

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

Cutout Values... Choice Select

Current Cutout Values: 204.72 197.98

Change from prior day: -0.42 -0.29

Choice/Select spread: 6.74

Futures Summary:

CME Feeder Cattle Index: 149.20… -0.37

August Live Cattle Futures: 108.42… -0.20

October Live Cattle Futures: 109.80… -0.67

December Live Cattle Futures: 113.45… -0.70

August Feeder Cattle Futures: 151.50… -0.80

September Feeder Cattle Futures: 151.35… -0.82

November Feeder Cattle Futures: 151.77… -0.98

August Hog Futures: 63.30… -0.35

Nearby Crude Oil Futures Contract: 70.13… +1.44

National Grain Market Summary:

Compared to yesterday, cash bids for corn and soybeans were mixed, while wheat and sorghum were mostly higher. Export loadings for the week ending July 26th were at the top end or above trade expectations. Loadings came in at 65.3 million bu for corn, 27.2 million bu for soybeans, and 13.9 million bu for wheat. The concern for corn and soybeans with these volumes is that they are below the amount needed to reach yearly projections.