Jun 08 2020

Texas Daily Ag Market News Summary Posted 4 years 173 days ago by Administrator Account

Daily Market Summary for June 8^th

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 Monday, negotiated cash trading has been at a standstill in the Southern Plains and Western Cornbelt. In Nebraska negotiated cash trading has been inactive on very light demand. Not enough trades for a market trend. Last week in the Southern Plains the bulk of live trades ranged from 105.00-117.00. For the prior week in Nebraska the bulk of live and dressed trades moved from 110.00-118.00 and 175.00-185.00, respectively. For the previous week in the Western Cornbelt live trades moved from 108.00-114.00 and the bulk of dressed trades moved from 175.00-185.00.                           

   

Negotiated Sales:

Confirmed:                  821

Week Ago:             12,879

Year Ago:                    329

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:  31,500

Weighted avg. weight:       884 lbs.

Weighted avg. net price:    188.62

        

Cattle Slaughter under Federal Inspection:

Monday (est)                     117,000

Week ago (est)                  110,000

Year ago (act)                    119,000

Previous Day (est)

Steers & Heifers:  93,000

Cows & Bulls:        23,000

                                                                                                              

Boxed Beef:

Cutout Values:

Choice: 254.58… -6.90

Select:  231.12… -15.30

Choice/Select Spread: 23.46

Total Load Count: 223

        

Cutter Cow Cutout:

227.83… +5.16

   

CME Feeder Cattle Index for June 5^th:

129.07… +1.16

          

Futures…

Live Cattle:

June: 94.12… +0.22

August: 96.32… +0.15

October: 99.37… +0.07

   

Feeder Cattle:

August: 133.07… -1.10

September: 134.52… -0.95

October: 135.02… -1.05

     

July Hogs: 53.97… +0.05

July Crude Oil: 38.19… -1.36

   

July Corn: 3.3375… +0.0250

July Soybeans: 8.6475… -0.0300

July Wheat: 5.1150… -0.0375

   

Grain Cash Bids:

Kansas City Corn: 3.38… +0.03

Kansas City Soybeans: 8.52… -0.03

Kansas City Wheat: 5.02… -0.04

   

Financial Markets:

DJIA: 27,572.44… +461.46

S & P 500: 3,232.39… +38.46

NASDAQ: 9,924.75… +110.67

U.S. Dollar Index: 96.65… -0.30