Jun 11 2020

Texas Daily Ag Market News Summary Posted 4 years 170 days ago by Administrator Account

Daily Market Summary for June 11^th

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Slaughter Cattle:

As of 3:00 PM Thursday in the Texas Panhandle, negotiated cash trading has been slow on light demand. Compared to the last reported market on Wednesday the bulk of live trades moved 4.00 lower at 104.00. In Kansas negotiated cash trading has been moderate with light to moderate demand. Compared to the last reported market on Wednesday live trades moved 1.00 to 5.00 lower from 103.00 to 107.00. Thus far for Thursday in Nebraska and the Western Cornbelt negotiated cash trading has been slow with light to moderate demand. In Nebraska a few dressed trades moved from 162.00 to 165.00. However, not enough live and dressed 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 a few dressed trades moved from 162.00 to 165.00. However, not enough live and dressed 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.

   

Negotiated Sales:

Confirmed:             24,239

Week Ago:              15,265

Year Ago:                12,368

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:  34,300

Weighted avg. weight:       897 lbs.

Weighted avg. net price:    184.27

        

Cattle Slaughter under Federal Inspection:

Thursday (est)                   117,000

Week ago (est)                  117,000

Year ago (act)                    123,000

Week to Date                    467,000

Same Period Last Week   457,000

Same Period Last year     487,000

Previous Day (est)

Steers & Heifers:  90,000

Cows & Bulls:        26,000

                                                                                                              

Boxed Beef:

Cutout Values:

Choice: 235.56… -0.50

Select:  219.88… -2.96

Choice/Select Spread: 15.68

Total Load Count: 181

        

Cutter Cow Cutout:

219.95… +5.95

   

CME Feeder Cattle Index for June 10^th:

129.38… -0.32

          

Futures…

Live Cattle:

June: 96.82… +0.22

August: 96.45… -0.05

October: 99.07… -0.33

   

Feeder Cattle:

August: 132.17… -0.50

September: 133.25… -0.90

October: 134.00… -0.80

     

July Hogs: 52.12… -0.68

July Crude Oil: 36.34… -3.26

   

July Corn: 3.2975… +0.0350

July Soybeans: 8.6600… +0.0050

July Wheat: 4.9925… -0.0700

   

Grain Cash Bids:

Kansas City Corn: 3.34… +0.04

Kansas City Soybeans: 8.54… +0.01

Kansas City Wheat: 4.89… -0.07

   

Financial Markets:

DJIA: 25,128.17… -1,861.82

S & P 500: 3,002.10… -188.04

NASDAQ: 9,492.73… -527.62

U.S. Dollar Index: 96.76… +0.80