Jul 25 2019

Texas Daily Ag Market News Summary Posted 5 years 126 days ago by Administrator Account

Daily Market Summary for July 25^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 Thursday, negotiated cash trade has been at a standstill in the Southern Plains. In Nebraska and the Western Cornbelt negotiated cash trading has been inactive on light demand. Not enough trades for a market trend. The last reported market in any feeding region was last week with live purchases in the Southern Plains at 111.00. In Nebraska live purchases traded from 113.00-113.50 with dressed purchases from 182.00-185.00. In the Western Cornbelt last week live purchases traded from 114.00-116.00 with dressed purchases from 182.00-185.00.

    

Negotiated Sales:

Confirmed: 2,212 --- Week Ago: 17,278 --- Year Ago: 687

 

Formula Net - Dressed Steers & Heifers

Head count priced today: 21,800

Weighted avg weight:           860

Weighted avg net price:   184.30

   

Alberta Beef Producers Daily Report: Alberta CA

Alberta direct cattle sales Wednesday saw light trade develop with dressed sales reported at 246.00 delivered. Sales are fully steady with the previous week. Live sales have also been reported at 145.50 FOB the lot, sales are fully steady with last week's weighted average price. Buying interest has been noted from 2 out of the 3 western Canadian packers this week. Western Canadian fed cattle carcass weights remain larger than last year and the five-year average, but feedlot inventories still remain current.

 

Livestock Slaughter under Federal Inspection:                                  

                                 Cattle       Calves     Hogs          Sheep

Thursday (est          121,000    2,000      473,000      7,000

Week ago (est)       121,000    2,000      472,000      7,000

Year ago (act)          121,000    2,000      368,000      7,000

Week to date (est)  479,000    8,000   1,897,000    29,000

Last Week (est)       481,000    8,000   1,820,000    33,000

Last Year (act)         469,000    9,000   1,638,000    31,000

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

                     Wednesday          96,000                      26,000

           

Boxed Beef: 

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

 

Cutout Values...                 Choice     Select

Current Cutout Values:     212.57     189.18

Change from prior day:        -1.03        -0.24

Choice/Select spread:          23.39

Total Load Count (Cuts, Trimmings, Grinds): 130

  

Cutter Cow Cutout: 175.42… +1.40

  

CME Feeder Cattle Index: 136.71

 

Futures…

Live Cattle:

August: 108.65… -0.25

October: 109.90… Unchanged

December: 114.35… +0.05

Feeder Cattle:

August: 142.80… -0.02

September: 142.22… +0.35

October: 143.27… +0.25

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August Hogs: 85.95… -0.60

August Crude Oil: 56.02… +0.14

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September Corn: 4.1850… -0.0550

August Soybeans: 8.8250… -0.0850

September Wheat: 4.9950… +0.0175

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Grain Cash Bids:

Kansas City Corn: 4.31… -0.06

Kansas City Soybeans: 8.43… -0.08

Kansas City Wheat: 4.95… +0.02

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Financial Markets:

Dow Jones Industrial Average: 27,140.98… -128.99

S & P 500: 3,003.67… -15.89

NASDAQ: 8,238.54… -82.96