Jul 01 2019

Texas Daily Ag Market News Summary Posted 5 years 2 days ago by Administrator Account

Daily Market Summary for July 1^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 Monday, negotiated cash trading has been at a standstill in all major feeding regions. Last week in the Southern Plains live cash trades moved mostly at 109.00. For the prior week in Nebraska live cash trades moved from 111.00-111.50 and dressed cash trades moved from 178.00-180.00. For the previous week in the Western Cornbelt live cash trades moved from 111.00-112.00 and dressed cash trades moved from 178.00-180.00.

 

Negotiated Sales:

Confirmed: 241 --- Week Ago: 198 --- Year Ago: none

 

Formula Net - Dressed Steers & Heifers

Head count priced today: 34,400

Weighted avg weight:             836

Weighted avg net price:    177.13

 

Alberta Beef Producers Daily Report: Alberta CA

Unavailable – Canadian Holiday

 

Livestock Slaughter under Federal Inspection:                                 

 

                                   Cattle        Calves    Hogs          Sheep

 

Monday (est            120,000    2,000     461,000     9,000

Week ago (est)       121,000    2,000     448,000     8,000

Year ago (act)          116,000    2,000     463,000     9,000

 

Previous Day Estimated       Steers & Heifers     Cows & Bulls

 

                             Friday               97,000                    23,000

                        Saturday               49,000                    11,000

 

Boxed Beef: 

 

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

 

 

Cutout Values...                 Choice     Select

 

Current Cutout Values:     219.72    195.64

Change from prior day:       +0.06      +0.08

Choice/Select spread:          24.08

Total Load Count (Cuts, Trimmings, Grinds): 139

 

Cutter Cow Cutout: 175.24… +0.65

 

CME Feeder Cattle Index: 133.44… +0.32

 

Futures…

 

Live Cattle:

August: 104.10… -0.25

October: 105.52… +0.10

December: 110.67… +0.42

Feeder Cattle:

August: 137.02… +0.17

September: 137.62… +0.92

October: 137.90… +1.20

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August Hogs: 78.70… +2.70

August Crude Oil: 59.09… +0.62

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September Corn: 4.1550… -0.0925

August Soybeans: 8.8975… -0.1475

September Wheat: 5.1175… -0.1550

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Grain Cash Bids:

Kansas City Corn: 4.25

Kansas City Soybeans: 8.50

Kansas City Wheat: 5.23

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Financial Markets:

Dow Jones Industrial Average: 26,717.43… +117.47

S & P 500: 2,964.33… +22.57

NASDAQ: 8,091.16… +84.92

U.S. Dollar Index: 96.81… +0.68