Jul 15 2019

Texas Daily Ag Market News Summary Posted 5 years 136 days ago by Administrator Account

Daily Market Summary for July 15^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 Monday, negotiated cash trading has been at a standstill in the Southern Plains and Nebraska. In the Western Cornbelt negotiated cash trading has been very inactive on very light demand. Not enough trades for a market trend. Last week in the Texas Panhandle live cash trades moved from 111.00-112.00. In Kansas last week live cash trades moved at 112.00. For the prior week in Nebraska live cash trades moved mostly from 112.00-114.00 and dressed cash trades moved from 182.00-185.00. In the Western Cornbelt for the previous week live cash trades moved mostly at 115.00 and dressed cash trades moved from 182.00-185.00.

    

Negotiated Sales:

Confirmed: 156 --- Week Ago: 146 --- Year Ago: 70

  

Formula Net - Dressed Steers & Heifers

Head count priced today:       39,300

Weighted avg weight:                 842

Weighted avg net price:         177.17

   

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 144.25 and 143.25 respectively. Prices are 10.00 lower compared to the same week last year. All reported cash sales traded locally. Looking at the non-fed market butcher cows traded 1.00-2.00 higher through commercial auction facilities last week. Butcher bulls continue to be the bright spot of the non-fed market. Last week butcher bull prices traded 3.00 higher and are within a couple dollars of their annual highs.

 

Livestock Slaughter under Federal Inspection:                                  

                                   Cattle       Calves    Hogs          Sheep

Monday (est            117,000    2,000     410,000     9,000

Week ago (est)        120,000    2,000     479,000     9,000

Year ago (act)         116,000    2,000     429,000     7,000

Previous Day Estimated   Steers & Heifers --- Cows & Bulls

                              Friday           95,000                    21,000

                         Saturday           50,000                     11,000

    

Boxed Beef: 

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

 

Cutout Values...                 Choice     Select

Current Cutout Values:     213.27     189.6021

Change from prior day:       +0.47            -0.39

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Choice/Select spread:           24.06

Total Load Count (Cuts, Trimmings, Grinds): 143

 

Cutter Cow Cutout: 174.37… +0.39

  

CME Feeder Cattle Index: 141.06

 

Futures…

Live Cattle:

August: 108.50… +0.03

October: 109.77… -0.20

December: 114.10… -0.12

Feeder Cattle:

August: 141.65… +0.05

September: 142.60… +0.05

October: 142.97… +0.12

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August Hogs: 80.10… -0.55

August Crude Oil: 59.58… -0.63

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September Corn: 4.4100… -0.1325

August Soybeans: 9.0175… -0.1150

September Wheat: 5.0775… -0.1525

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Grain Cash Bids:

Kansas City Corn: 4.48… -0.13

Kansas City Soybeans: 8.62… -0.06

Kansas City Wheat: 5.03… -0.15

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Financial Markets:

Dow Jones Industrial Average: 27,359.16… +27.13

S & P 500: 3,014.30… +0.55

NASDAQ: 8,258.19… +14.04

U.S. Dollar Index: 96.94… +0.13