Jul 22 2019

Texas Daily Ag Market News Summary Posted 5 years 129 days ago by Administrator Account

Daily Market Summary for July 22nd

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Slaughter Cattle:  

As of 3:00 PM Monday, negotiated cash trading in Nebraska and the Western Cornbelt has been inactive with very light demand. Not enough trades for a market trend. Thus far for Monday in the Southern Plains negotiated cash trading has been at a standstill. The last reported market was last week in these feeding regions. In the Southern Plains live cash trades moved at 111.00. In Nebraska live cash trades moved from 113.00-113.00 and dressed cash trades ranged from 182.00-185.00. In the Western Cornbelt live and dressed cash trades ranged from 114.00-116.00 and 182.00-185.00, respectively.

    

Negotiated Sales:

Confirmed: 725 --- Week Ago: 156 --- Year Ago: 76

 

Formula Net - Dressed Steers & Heifers

Head count priced today: 42,000

Weighted avg weight:            849

Weighted avg net price:    181.50

   

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 146.25 and 145.75 respectively. Prices are 2.00 higher than the previous week but 6.00-7.00 lower than the same week last year. Looking at the non-fed market butcher cows traded 1.50 higher through commercial auction facilities last week. Butcher cow slaughter volumes should continue to moderate heading into August.

 

Livestock Slaughter under Federal Inspection:                                  

                                   Cattle       Calves    Hogs          Sheep

Monday (est             114,000    2,000     473,000     9,000

Week ago (est)        117,000    2,000     410,000     9,000

Year ago (act)          110,000    2,000     424,000     8,000

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

                             Friday         96,000                      22,000

                        Saturday         38,000                      11,000

                         

Boxed Beef: 

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

 

Cutout Values...                 Choice     Select

Current Cutout Values:     213.32     189.59

Change from prior day:        -0.10       +0.08

Choice/Select spread:         23.73

Total Load Count (Cuts, Trimmings, Grinds): 109

  

Cutter Cow Cutout: 175.15… +0.34

  

CME Feeder Cattle Index: 138.16… -0.49

 

Futures…

Live Cattle:

August: 108.45… +0.85

October: 109.15… +0.65

December: 113.80… 0.63

Feeder Cattle:

August: 142.17… +2.20

September: 142.42… +2.62

October: 142.65… +2.63

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August Hogs: 83.22… -0.65

August Crude Oil: 56.22… +0.59

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September Corn: 4.2225… -0.0850

August Soybeans: 8.8825… -0.1325

September Wheat: 4.8725… -0.1525

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Grain Cash Bids:

Kansas City Corn: 4.36… -0.07

Kansas City Soybeans: 8.48… -0.16

Kansas City Wheat: 4.82… -0.16

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Financial Markets:

Dow Jones Industrial Average: 27,171.90… +17.70

S & P 500: 2,985.01… +8.40

NASDAQ: 8,204.14… +57.65

U.S. Dollar Index: 97.28… +0.13