Jun 04 2020

Texas Daily Ag Market News Summary Posted 4 years 177 days ago by Administrator Account

Daily Market Summary for June 4^th

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 Thursday, trade was slow on light to moderate demand in all feeding regions. Compared to Wednesday in the Texas Panhandle, live purchases traded 12.00 lower at 105.00. In Kansas compared to Wednesday, live purchases traded 5.00-12.00 lower at 105.00. In Nebraska compared to Wednesday, dressed purchases traded steady to 10.00 lower at 175.00. A few live purchases traded from 105.00-110.00, however not enough for an adequate. The latest established live market in Nebraska was on Wednesday with live purchases from 109.00-117.00. In the Western Cornbelt a few dressed purchases traded at 175.00, however not enough for an adequate market test. The latest established market in the Western Cornbelt was on Wednesday with live purchases from 108.00-110.00, bulk at 110.00 and dressed purchases from 175.00-185.00.                             

   

Negotiated Sales:

Confirmed:            15,265

Week Ago:             31,801

Year Ago:               29,241

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:  21,400

Weighted avg. weight:       883 lbs.

Weighted avg. net price:    189.36

        

Cattle Slaughter under Federal Inspection:

Thursday (est)                   117,000

Week ago (est)                  110,000

Year ago (act)                    122,000

Week to Date                    457,000

Same Period Last Week   330,000

Same Period Last year     482,000

Previous Day (est)

Steers & Heifers:  89,000

Cows & Bulls:        25,000

                                                                                                               

Boxed Beef:

Cutout Values:

Choice: 272.26… -23.64

Select:  260.41… -16.37

Choice/Select Spread: 11.85

Total Load Count: 166

        

Cutter Cow Cutout:

228.03… +0.16

   

CME Feeder Cattle Index for June 3^rd:

128.65… Unchanged

          

Futures…

Live Cattle:

June: 95.72… +0.27

August: 97.92… +0.57

October: 100.87… +0.90

   

Feeder Cattle:

August: 134.72… +0.50

September: 136.50… +0.73

October: 137.27… +0.70

     

July Hogs: 53.57… +0.10

July Crude Oil: 37.41… +0.12

   

July Corn: 3.2900… +0.0500

July Soybeans: 8.6775… +0.1025

July Wheat: 5.2375… +0.1175

   

Grain Cash Bids:

Kansas City Corn: 3.33… +0.05

Kansas City Soybeans: 8.55… +0.10

Kansas City Wheat: 5.12… +0.12

   

Financial Markets:

DJIA: 26,281.82… +11.93

S & P 500: 3,112.35… -10.52

NASDAQ: 9,615.81… -67.10

U.S. Dollar Index: 96.78… -0.50