Jun 24 2019

Texas Daily Ag Market News Summary Posted 5 years 157 days ago by Administrator Account

Daily Market Summary for June 24th

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 Monday, negotiated cash trade has been mostly inactive on light demand in all feeding regions. The latest established market was last week with live purchases in the Texas Panhandle from 108.00-110.00. In Kansas last week, live purchases traded from 108.00-110.00, bulk at 110.00. Last week in Nebraska, live purchases traded from 109.00-110.00, bulk at 110.00 with dressed purchases from 178.00-183.00, bulk at 180.00. For the previous week in the Western Cornbelt live purchases traded from 110.00-115.00 with dressed purchases mostly from 178.00-183.00.

    

Negotiated Sales:

Confirmed: 198 --- Week Ago: 220 --- Year Ago: 2,327

  

Formula Net - Dressed Steers & Heifers

Head count priced today: 49,500

Weighted avg weight:             845

Weighted avg net price:    179.56

   

Alberta Beef Producers Daily Report: Alberta CA

Alberta direct cattle sales last week saw light trade develop with weighted average steer and heifer prices closing the week at 147.00 and 145.50 respectively. Prices are 2.00 higher than the previous week. Alberta fed prices have moved back to a premium against the Nebraska market, this is the first time in eight months. Looking at the non-fed market butcher cows traded steady to 2.00 lower through commercial auction facilities last week. Butcher cow prices are 5.00 lower than last year while fed cattle prices are sitting 2.00 higher than a year ago.  

 

Livestock Slaughter under Federal Inspection:                                  

                                   Cattle        Calves    Hogs          Sheep

Monday (est             121,000    2,000     448,000     8,000

Week ago (est)         120,000    2,000     467,000     9,000

Year ago (act)           116,000    2,000     434,000     8,000

Previous Day Estimated       Steers & Heifers     Cows & Bulls

                              Friday              95,000                    23,000

                         Saturday              50,000                    12,000

 

Boxed Beef: 

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

 

Cutout Values...                 Choice     Select

Current Cutout Values:     219.74    199.81

Change from prior day:        -0.08      +0.26

Choice/Select spread:          19.93

Total Load Count (Cuts, Trimmings, Grinds): 120

 

Cutter Cow Cutout: 175.15… -0.07

  

CME Feeder Cattle Index: 131.37

 

Futures…

Live Cattle:

June: 106.92… +0.37

August: 102.42… +0.20

October: 104.02… -0.13

Feeder Cattle:

August: 131.77… -1.90

September: 132.35… -1.70

October: 132.60… -1.90

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July Hogs: 72.85… -3.40

August Crude Oil: 57.90… +0.47

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July Corn: 4.4675… +0.0450

July Soybeans: 9.0900… +0.0625

July Wheat: 5.3800… +0.1200

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Grain Cash Bids:

Kansas City Corn: 4.50… +0.06

Kansas City Soybeans: 8.58… +0.07

Kansas City Wheat: 5.33… +0.12

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Financial Markets:

Dow Jones Industrial Average: 26,727.54… +8.41

S & P 500: 2,945.36… -5.11

NASDAQ: 8,005.70… -26.01

U.S. Dollar Index: 96.02… -0.20