Jun 21 2019

Texas Daily Ag Market News Summary Posted 5 years 160 days ago by Administrator Account

Daily Market Summary for June 21^st

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 Friday, trade has been mostly inactive on light to moderate demand in all feeding regions. Not enough purchases in any feeding regions of and adequate market test. The latest established market in any feeding region was on Thursday with live purchases in the Texas Panhandle from 108.00-110.00. In Kansas on Thursday, live purchases traded from 108.00-110.00, bulk at 110.00. On Thursday in Nebraska, live purchases traded from 109.00-110.00, bulk at 110.00. Dressed purchases from 180.00-183.00, bulk at 180.00. On Thursday in the Western Cornbelt a few live purchases traded mostly from 113.00-114.00 with dressed purchases from 178.00-180.00.

 

Negotiated Sales:

 

Confirmed: 6,080 --- Week Ago: 22,928 --- Year Ago: 29,323

 

 

 

Formula Net - Dressed Steers & Heifers

 

Head count priced today: 19,800

 

Weighted avg weight:             829

 

Weighted avg net price:    180.36

 

  

 

Alberta Beef Producers Daily Report: Alberta CA

 

Alberta direct cattle sales so far this week have seen light trade develop with most of the dressed sales reported from 245.00-246.00 delivered. Sales are steady to a couple dollars higher than last week. Stronger prices were over week and stronger basis levels did encourage producers to market cattle. Packers were indicating cattle that they bought this week would not be lifted until the 2nd and 3rd week in July. US buying interest was noted but bids were well off the pace from getting cattle bought.   

 

 

 

Livestock Slaughter under Federal Inspection:                                 

 

                                   Cattle        Calves    Hogs          Sheep

 

Friday (est               118,000      2,000       462,000       7,000

 

Week ago (est)       118,000      2,000        467,000      7,000

 

Year ago (act)         118,000      3,000        423,000      6,000

 

Week to date (est)  600,000   10,000     2,363,000     40,000

 

Last Week (est)       603,000   10,000     2,364,000    39,000

 

Last Year (act)         590,000     9,000      2,163,000    35,000

 

Saturday (est             62,000        0                86,000         0

 

Week ago (est)          62,000        0                67,000         0

 

Year ago (act)            68,000        0                   0           1,000

 

Week to date (est)   662,000   10,000     2,449,000    40,000

 

Last Week (est)        665,000   10,000     2,431,000     39,000

 

Last Year* (act)        658,000   10,000      2,164,000    35,000

 

2019 YTD             15,586,000  264,000  60,069,000   988,000

 

2018 *YTD           15,414,000  253,000  58,308,000   957,000

 

Percent change         +1.1%      +4.2%         +3.0%         +3.3%

 

Previous Day Estimated       Steers & Heifers     Cows & Bulls

 

                         Thursday              96,000                    25,000

 

 

 

Boxed Beef: 

 

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

 

 

 

Cutout Values...                 Choice     Select

 

Current Cutout Values:     219.82    199.55

 

Change from prior day:        -0.90       -1.93

 

Choice/Select spread:          20.17

 

Total Load Count (Cuts, Trimmings, Grinds): 99

 

 

 

Cutter Cow Cutout: 175.22… +0.41

 

  

 

CME Feeder Cattle Index: 131.37… -1.62

 

 

 

Futures…

 

Live Cattle:

 

June: 106.55… -1.62

 

August: 102.22… -1.73

 

October: 104.15… -1.42

 

Feeder Cattle:

 

August: 133.67… -1.03

 

September: 134.05… -1.32

 

October: 134.50… -1.32

 

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July Hogs: 76.25… -3.00

 

August Crude Oil: 57.43… +0.36

 

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July Corn: 4.4225… -0.0775

 

July Soybeans: 9.0275… -0.1275

 

July Wheat: 5.2600… -0.0050

 

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Grain Cash Bids:

 

Kansas City Corn: 4.44… -0.05

 

Kansas City Soybeans: 8.51… -0.13

 

Kansas City Wheat: 5.21… +0.02

 

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Financial Markets:

 

Dow Jones Industrial Average: 26,719.13… -34.04

 

S & P 500: 2,950.46… -3.72

 

NASDAQ: 8,031.71… -19.53

 

U.S. Dollar Index: 96.21… -0.42