Jul 19 2019

Texas Daily Ag Market News Summary Posted 5 years 132 days ago by Administrator Account

Daily Market Summary for July 19th

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 Friday, negotiated cash trade was limited on light to moderate demand in the Southern Plains and the Western Cornbelt. Trade was inactive on light to moderate demand in Nebraska. Not enough purchases in any feeding region for an adequate market test. The latest established market in the Texas Panhandle was on Thursday with live purchases at 111.00. In Kansas on Wednesday, live purchases traded at 111.00. On Wednesday in Nebraska, live purchases traded from 113.00-113.50 with dressed purchases from 182.00-185.00. In the Western Cornbelt, on Thursday dressed purchases traded from 182.00-185.00 with live purchases on Wednesday mostly from 114.00-116.00.

    

Negotiated Sales:

Confirmed: 4,297 --- Week Ago: 26,593 --- Year Ago: 5,044

 

Formula Net - Dressed Steers & Heifers

Head count priced today: 35,000

Weighted avg weight:             848

Weighted avg net price:    182.12

   

Alberta Beef Producers Daily Report: Alberta CA

Alberta direct cattle sales Thursday saw light trade develop with dressed sales reported at 246.00 delivered. Sales are 1.00-2.00 higher than last week. Most of the cattle that traded this week would be picked up 2-3 weeks. Stronger prices and stronger basis levels week over week did encourage producers to market cattle. 

 

Livestock Slaughter under Federal Inspection:                                  

                                   Cattle       Calves    Hogs          Sheep

Friday (est                118,000     2,000      465,000      5,000

Week ago (est)        116,000     2,000      460,000      5,000

Year ago (act)          120,000     3,000      433,000      6,000

Week to date (est)  599,000   10,000   2,285,000    38,000

Last Week (est)      594,000   10,000   2,374,000    39,000

Last Year (act)         594,000   12,000   2,229,000    35,000

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

                         Thursday          96,000                      25,000                

                         

Boxed Beef: 

Boxed beef cutout values steady on Choice and higher on Select on moderate to good demand and moderate offerings. Select and Choice round and loin cuts steady to firm.  Choice rib cuts firm while Select weak. Choice chuck cuts steady while Select higher. Beef trimmings not fully established.

 

Cutout Values...                 Choice     Select

Current Cutout Values:     213.42     189.51

Change from prior day:       +0.08       +0.90

Choice/Select spread:         23.91

Total Load Count (Cuts, Trimmings, Grinds): 90

  

Cutter Cow Cutout: 174.81… +0.09

  

CME Feeder Cattle Index: 140.00

 

Futures…

Live Cattle:

August: 107.60… +0.20

October: 108.50… +0.25

December: 113.17… +0.37

Feeder Cattle:

August: 139.97… +0.55

September: 139.80… +0.33

October: 140.02… +0.30

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August Hogs: 83.87… +1.10

August Crude Oil: 55.63… +0.33

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September Corn: 4.3075… +0.0625

August Soybeans: 9.0150… +0.2025

September Wheat: 5.0250… +0.0900

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Grain Cash Bids:

Kansas City Corn: 4.43… +0.08

Kansas City Soybeans: 8.64… +0.23

Kansas City Wheat: 4.98… +0.10

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Financial Markets:

Dow Jones Industrial Average: 27,154.41… -68.56

S & P 500: 2,976.61… -18.50

NASDAQ: 8,146.49… -60.75

U.S. Dollar Index: 97.16… +0.37