Jul 02 2019

Texas Daily Ag Market News Summary Posted 5 years 149 days ago by Administrator Account

Daily Market Summary for July 2^nd

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 Kansas. In the Texas Panhandle, Nebraska and the Western Cornbelt negotiated cash trading was inactive on very light demand. Not enough trades for a market trend. 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: 521 --- Week Ago: 3,046 --- Year Ago: 604

 

Formula Net - Dressed Steers & Heifers

Head count priced today: 28,900

Weighted avg weight:             836

Weighted avg net price:    177.48

  

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 143.00 and 140.75 respectively. Prices are 4.00 lower than the previous week. All reported cash sales traded locally. Looking at the non-fed market butcher cow prices traded fully steady through commercial auction facilities last week. Butcher cow and fed cattle prices are trading lower than last year.

 

Livestock Slaughter under Federal Inspection:                                 

                                 Cattle        Calves    Hogs          Sheep

Tuesday (est            123,000    2,000     480,000      9,000

Week ago (est)        121,000    2,000     475,000      7,000

Year ago (act)          119,000    3,000     463,000      8,000

Week to date (est)  243,000    4,000     931,000    18,000

Last Week (est)       242,000    4,000     923,000    15,000

Last Year (act)         235,000    5,000     926,000    17,000

Previous Day Estimated       Steers & Heifers     Cows & Bulls

                         Monday              97,000                    23,000

   

Boxed Beef:

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

 

Cutout Values...                 Choice     Select

Current Cutout Values:     220.47    195.99

Change from prior day:       +0.75      +0.35

Choice/Select spread:          24.48

Total Load Count (Cuts, Trimmings, Grinds): 142

 

Cutter Cow Cutout: 175.13… -0.11

 

CME Feeder Cattle Index: 133.21… -0.27

 

Futures…

Live Cattle:

August: 104.10… Unchanged

October: 105.35… -0.17

December: 110.35… -0.32

Feeder Cattle:

August: 138.37… +1.35

September: 138.82… +1.20

October: 139.30… +1.40

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August Hogs: 78.97… +0.27

August Crude Oil: 56.25… -2.84

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September Corn: 4.1900… +0.0350

August Soybeans: 8.7975… -0.1000

September Wheat: 5.0325… -0.0850

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Grain Cash Bids:

Kansas City Corn: 4.19… +0.02

Kansas City Soybeans: 8.29… -0.10

Kansas City Wheat: 4.98… -0.10

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Financial Markets:

Dow Jones Industrial Average: 26,786.68… +69.25

S & P 500: 2,972.99… +8.66

NASDAQ: 8,109.09… +17.93

U.S. Dollar Index: 96.77… -0.07