Jul 17 2019

Texas Daily Ag Market News Summary Posted 5 years 134 days ago by Administrator Account

Daily Market Summary for July 17th

---

Slaughter Cattle:  

As of 3:00 PM Wednesday, negotiated cash trade and demand was moderate in Kansas. Compared to last week, live purchases traded 1.00 lower at 111.00. Trade was light on moderate demand in the Texas Panhandle, Nebraska and the Western Cornbelt. Not enough purchases in those regions for an adequate market test. The latest established market in the Texas Panhandle was last week with live purchases from 111.00-112.00. Last week in Nebraska, live purchases traded from 112.00-114.00 with dressed purchases from 182.00-185.00. In the Western Cornbelt for the previous week live purchases traded mostly at 115.00 with dressed purchases from 182.00-185.00.

    

Negotiated Sales:

Confirmed: 20,275 --- Week Ago: 185 --- Year Ago: 262

  

Formula Net - Dressed Steers & Heifers

Head count priced today: 21,000

Weighted avg weight:             845

Weighted avg net price:    180.73

   

Alberta Beef Producers Daily Report: Alberta CA

Alberta direct cattle sales Tuesday saw no new trade to report but there is a chance scattered trade could develop by this afternoon. Technical price levels have eased from since Monday. There have been rumblings packers are trying to pull some August contracts ahead of schedule.

 

Livestock Slaughter under Federal Inspection:                                  

                                   Cattle       Calves    Hogs          Sheep

Wednesday (est      122,000    2,000      463,000      8,000

Week ago (est)        119,000    2,000      478,000      8,000

Year ago (act)          118,000    2,000      460,000      7,000

Week to date (est) 360,000    6,000   1,348,000    26,000

Last Week (est)       360,000    6,000   1,435,000    26,000

Last Year (act)         354,000    7,000   1,348,000    22,000

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

                           Tuesday           96,000                    25,000

                

Boxed Beef: 

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

 

Cutout Values...                 Choice     Select

Current Cutout Values:     212.57     188.34

Change from prior day:        -0.36        -0.82

Choice/Select spread:         24.23

Total Load Count (Cuts, Trimmings, Grinds): 200

  

Cutter Cow Cutout: 174.51… -1.36

  

CME Feeder Cattle Index: 141.01… -0.08

 

Futures…

Live Cattle:

August: 108.12… -0.10

October: 108.75… -0.50

December: 113.35… -0.37

Feeder Cattle:

August: 140.57… -0.48

September: 140.77… -1.10

October: 141.07… -1.15

---

August Hogs: 82.00… +2.95

August Crude Oil: 56.78… -0.84

---

September Corn: 4.3600… +0.0075

August Soybeans: 8.8250… -0.0525

September Wheat: 5.0550… -0.0200

---

Grain Cash Bids:

Kansas City Corn: 4.46… +0.04

Kansas City Soybeans: 8.43… -0.05

Kansas City Wheat: 5.01… -0.01

---

Financial Markets:

Dow Jones Industrial Average: 27,219.85… -115.78

S & P 500: 2,984.42… -19.62

NASDAQ: 8,185.21… -37.59

U.S. Dollar Index: 97.22… -0.18