Jun 02 2020

Texas Daily Ag Market News Summary Posted 4 years 179 days ago by Administrator Account

Daily Market Summary for June 2^nd

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Slaughter Cattle:

As of 3:00 PM Tuesday, negotiated trade in Nebraska and the Western Cornbelt was slow on light to moderate demand. Compared to Monday in Nebraska, a few dressed purchases traded steady to 9.00 lower mostly at 178.00. The latest established live market in Nebraska was on Monday with live purchases at 118.00. Compared to Monday in the Western Cornbelt, a few dressed purchases traded steady to 9.00 lower at 178.00. A few early live purchases traded at 113.00, however not enough for an adequate test. The latest established live market was last week ranging from 114.00-115.00. On Tuesday in the Southern Plains trade was inactive on light demand. The latest established market in the Southern Plains was on Monday with early live purchases at 118.00                             

   

Negotiated Sales:

Confirmed:            12,007

Week Ago:             10,428

Year Ago:               10,298

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:  19,800

Weighted avg. weight:       877 lbs.

Weighted avg. net price:    193.49

        

Cattle Slaughter under Federal Inspection:

Tuesday (est)                     113,000

Week ago (est)                  106,000

Year ago (act)                    118,000

Week to Date                    223,000

Same Period Last Week   110,000

Same Period Last year     240,000

Previous Day (est)

Steers & Heifers:  88,000

Cows & Bulls:        22,000

                                                                                                              

Boxed Beef:

Cutout Values:

Choice: 318.73… -22.42

Select:  290.58… -26.25

Choice/Select Spread: 28.15

Total Load Count: 127

        

Cutter Cow Cutout:

236.69… -0.91

   

CME Feeder Cattle Index for May 29^th:

128.96… -0.40

          

Futures…

Live Cattle:

June: 95.30… -3.00

August: 96.20… -2.77

October: 99.42… -1.95

   

Feeder Cattle:

August: 133.42… -2.70

September: 134.90… -2.30

October: 135.67… -2.10

     

July Hogs: 52.40… -2.20

July Crude Oil: 36.81… +1.37

   

July Corn: 3.2425… +0.0100

July Soybeans: 8.5050… +0.1000

July Wheat: 5.0800… -0.0725

   

Grain Cash Bids:

Kansas City Corn: 3.28… +0.01

Kansas City Soybeans: 8.42… +0.10

Kansas City Wheat: 4.88… -0.07

   

Financial Markets:

DJIA: 25,742.65… +267.63

S & P 500: 3,080.82… +25.09

NASDAQ: 9,608.38… +56.33

U.S. Dollar Index: 97.69… -0.14