Jun 01 2020

Texas Daily Ag Market News Summary Posted 4 years 180 days ago by Administrator Account

Daily Market Summary for June 1^st

The Daily Market News Report bought to you by The Cattle Range. Please visit their website for more information!

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Slaughter Cattle:

As of 3:00 PM Monday, trade was light on light to moderate demand in all feeding regions. Compared to last week in the Southern Plains, early live purchases traded unevenly steady compared to the bulk of last week, at 118.00. In Nebraska, compared to the bulk of last week, early live and dressed purchases traded unevenly steady at 118.00, and from 178.00-187.00, bulk at 187.00. In the Western Cornbelt compared to last week early dressed purchases traded unevenly steady from 180.00-187.00. The latest established live market in the Western Cornbelt was last week, with live purchases from 114.00—115.                           

   

Negotiated Sales:

Confirmed:            12,879

Week Ago:                   -0-

Year Ago:                 2,615

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:  17,200

Weighted avg. weight:       876 lbs.

Weighted avg. net price:    189.57

        

Cattle Slaughter under Federal Inspection:

Monday (est)                      110,000

Week ago (est)                       4,000

Year ago (act)                      122,000

Previous Day (est)

Steers & Heifers:  89,000

Cows & Bulls:        22,000

                                                                                                              

Boxed Beef:

Cutout Values:

Choice: 341.15… -22.19

Select:  316.83… -23.24

Choice/Select Spread: 24.32

Total Load Count: 166

        

Cutter Cow Cutout:

237.60… -0.66

   

CME Feeder Cattle Index for May 28^th:

129.36… +2.34

       

Futures…

Live Cattle:

June: 98.30… -1.42

August: 98.97… -0.63

October: 101.37… -0.05

   

Feeder Cattle:

August: 136.12… +0.77

September: 137.20… +1.45

October: 137.77… +1.75

     

July Hogs: 54.60… -2.25

July Crude Oil: 35.44… -0.05

   

July Corn: 3.2325… -0.0250

July Soybeans: 8.4050… -0.0025

July Wheat: 5.1525… -0.0550

   

Grain Cash Bids:

Kansas City Corn: 3.27… -0.02

Kansas City Soybeans: 8.32… +0.02

Kansas City Wheat: 4.95… -0.05

   

Financial Markets:

DJIA: 25,475.02… +91.91

S & P 500: 3,055.73… +11.42

NASDAQ: 9,552.05… +62.18

U.S. Dollar Index: 97.82… -0.52