Jun 18 2019

Texas Daily Ag Market News Summary Posted 5 years 163 days ago by Administrator Account

Daily Market Summary for June 18^th

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!

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Slaughter Cattle: 

As of 3:00 PM Tuesday, negotiated cash trading has been at a standstill in the Southern Plains, Nebraska and the Western Cornbelt. The latest established market in any feeding region was last week and with a light test noted in the Southern Plains and Nebraska. In the Texas Panhandle at 112.00. In Kansas live purchases traded at 110.00. In Nebraska live purchases traded at 113.00 and with dressed purchases from 184.00-186.00. In the Western Cornbelt live purchases traded from 114.00-116.00 and with dressed purchases from 184.00-186.00.

   

Negotiated Sales:

Confirmed: 239 --- Week Ago: 135 --- Year Ago: 633

 

Formula Net - Dressed Steers & Heifers

Head count priced today: 20,700

Weighted avg weight:           842

Weighted avg net price:   182.38

  

Alberta Beef Producers Daily Report: Alberta CA

It was a typically quiet day for fed cattle trade on Monday. Showlist volumes were compiled and are steady with last week. Feedlots are generally current, but will continue to look to move cattle as market ready numbers are likely going to continue to expand. Fed cattle harvest levels have also increased in Alberta which is supportive to fed cattle demand.

 

Livestock Slaughter under Federal Inspection:                                 

                                   Cattle        Calves    Hogs          Sheep

Tuesday (est)         120,000    2,000     477,000      8,000

Week ago (est)       122,000    2,000     472,000      7,000

Year ago (act)         118,000    2,000     444,000      8,000

Week to date (est)  240,000    4,000     944,000    17,000

Last Week (est)       243,000    4,000     943,000    16,000

Last Year (act)         234,000    3,000     860,000    15,000

Previous day Estimated    Steers & Heifers   Cows & Bulls                

                          Monday             99,000                   21,000

 

Boxed Beef:

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

 

Cutout Values...                 Choice     Select

Current Cutout Values:     220.53    201.80

Change from prior day:        -1.29       -0.71

Choice/Select spread:          18.73

Total Load Count (Cuts, Trimmings, Grinds): 137

 

Cutter Cow Cutout: 175.42… +0.72

 

CME Feeder Cattle Index: 133.21... -0.34

 

Futures…

Live Cattle:

June: 109.45… Unchanged

August: 105.55… -0.07

October: 107.05… +0.35

Feeder Cattle:

August: 137.25… +0.33

September: 137.60… +0.43

October: 137.70… +0.55

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July Hogs: 81.47… -1.58

July Crude Oil: 53.90… +1.97

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July Corn: 4.4975… -0.0500

July Soybeans: 9.1350… +0.0075

July Wheat: 5.3150… -0.0800

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Cotton (www.ams.usda.gov)

July Cotton: 65.32… -0.31

Milk (www.cmegroup.com)

June Class III Milk: 16.28… +0.00

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Grain Cash Bids:

Kansas City Corn: 4.47… -0.05

Kansas City Soybeans: 8.64… +0.01

Kansas City Wheat: 5.23… -0.08

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Financial Markets:

Dow Jones Industrial Average: 26,465.54… +353.01

S & P 500: 2,917.75… +28.08

NASDAQ: 7,953.88… +108.86

U.S. Dollar Index: 97.64… +0.08