Jun 10 2020

Texas Daily Ag Market News Summary Posted 4 years 171 days ago by Administrator Account

Daily Market Summary for June 10^th

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Slaughter Cattle:

As of 3:00 PM Wednesday in the Southern Plains, negotiated cash trading has been slow on light demand. Compared to last week the bulk of live trades moved unevenly steady at 108.00. In Nebraska negotiated cash trading has been slow on light demand. A few dressed trades moved from 165.00 to 172.00. However, not enough dressed and live trades for a market trend. The last reported dressed market was on Tuesday with trades at 165.00. Last week live trades ranged from 110.00 to 118.00. In the Western Cornbelt negotiated cash trading has been inactive with light demand. Not enough trades for a market trend. For the previous week in the Western Cornbelt live trades moved from 108.00 to 114.00 and the bulk of dressed trades moved from 175.00 to 185.00.

The FCE On-Line Auction offered 1,447 head today with 228 head sold for 1-17 Day Delivery at a weighted average price of $105.00.

   

Negotiated Sales:

Confirmed:             19,160

Week Ago:              44,015

Year Ago:                  3,953

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:  21,000

Weighted avg. weight:       893 lbs.

Weighted avg. net price:    189.16

        

Cattle Slaughter under Federal Inspection:

Wednesday (est)               116,000

Week ago (est)                  114,000

Year ago (act)                    123,000

Week to Date                    350,000

Same Period Last Week   340,000

Same Period Last year     364,000

Previous Day (est)

Steers & Heifers:  91,000

Cows & Bulls:        26,000

                                                                                                              

Boxed Beef:

Cutout Values:

Choice: 236.06… -10.94

Select:  222.84… -5.11

Choice/Select Spread: 13.22

Total Load Count: 256

        

Cutter Cow Cutout:

214.00… -7.73

   

CME Feeder Cattle Index for June 9^th:

129.70… +0.18

          

Futures…

Live Cattle:

June: 96.60… +0.28

August: 96.50… -1.30

October: 99.40… -1.17

   

Feeder Cattle:

August: 132.67… -1.58

September: 134.15… -1.40

October: 134.80… -1.22

     

July Hogs: 52.80… -0.17

July Crude Oil: 39.60… +0.66

   

July Corn: 3.2625… -0.0125

July Soybeans: 8.6550… +0.0225

July Wheat: 5.0625… +0.0175

   

Grain Cash Bids:

Kansas City Corn: 3.30… -0.02

Kansas City Soybeans: 8.53… +0.02

Kansas City Wheat: 4.96… +0.02

   

Financial Markets:

DJIA: 26,989.99… -282.31

S & P 500: 3,190.14… -17.04

NASDAQ: 10,020.35… +66.60

U.S. Dollar Index: 95.90… -0.42