Jun 03 2020

Texas Daily Ag Market News Summary Posted 4 years 178 days ago by Administrator Account

Daily Market Summary for June 3^rd

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

---

 

Slaughter Cattle:

As of 3:00 PM Wednesday, trade and demand were moderate in all feeding regions. Compared to Tuesday in the Texas Panhandle, live purchases traded steady at 117.00. In Kansas compared to Tuesday, live purchases traded steady to 7.00 lower mostly from 110.00-117.00. In Nebraska compared to Monday, live purchases traded 1.00-9.00 lower from 109.00-117.00, bulk at 117.00. Dressed purchases compared to Tuesday, traded unevenly steady mostly from 175.00-185.00. In the Western Cornbelt compare to Tuesday, dressed purchases traded unevenly steady mostly from 175.00-185.00. The latest established live market in the Western Cornbelt was on Tuesday, with live purchases mostly at 113.00-114.00.                             

   

Negotiated Sales:

Confirmed:            44,015

Week Ago:             24,735

Year Ago:                 6,988

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:  17,800

Weighted avg. weight:       892 lbs.

Weighted avg. net price:    190.38

        

Cattle Slaughter under Federal Inspection:

Wednesday (est)               114,000

Week ago (est)                  110,000

Year ago (act)                    120,000

Week to Date                    340,000

Same Period Last Week   220,000

Same Period Last year     360,000

Previous Day (est)

Steers & Heifers:  92,000

Cows & Bulls:        24,000

                                                                                                              

Boxed Beef:

Cutout Values:

Choice: 295.90… -22.83

Select:  276.78… -13.80

Choice/Select Spread: 19.12

Total Load Count: 141

        

Cutter Cow Cutout:

227.87… -8.82

   

CME Feeder Cattle Index for June 2^nd:

128.65… +0.40

          

Futures…

Live Cattle:

June: 95.45… +0.15

August: 97.35… +1.15

October: 99.97… +0.55

   

Feeder Cattle:

August: 134.22… +0.80

September: 135.77… +0.87

October: 136.57… +0.90

     

July Hogs: 48.65… -3.75

July Crude Oil: 37.29… +0.48

   

July Corn: 3.2400… -0.0025

July Soybeans: 8.5750… +0.0700

July Wheat: 5.1200… +0.0400

   

Grain Cash Bids:

Kansas City Corn: 3.28… Unchanged

Kansas City Soybeans: 8.45… +0.03

Kansas City Wheat: 5.00… +0.12

   

Financial Markets:

DJIA: 26,269.89… +527.24

S & P 500: 3,122.87… +42.05

NASDAQ: 9,682.91… +74.53

U.S. Dollar Index: 97.22… -0.47