Jun 12 2020

Texas Daily Ag Market News Summary Posted 4 years 169 days ago by Administrator Account

Daily Market Summary for June 12^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 Friday in the Southern Plains, negotiated cash trading has been at a standstill. The last reported market was on Thursday. In the Texas Panhandle live trades moved at 104.00. In Kansas, live trades moved from 103.00 to 107.00. Thus far for Friday in Nebraska and Western Cornbelt negotiated cash trading has been limited on light demand. In Nebraska a few live trades moved at 102.00 and 103.00. However, not enough trades in either feeding region for a market trend. In Nebraska, the last reported dressed market was on Tuesday with trades at 165.00. Thus far for the week live trades have moved from 105.00 to 108.00. Thus far for the week in the Western Cornbelt live trades have moved from 103.00 to 105.00 and dressed trades have ranged from 160.00 to 172.00.

   

Negotiated Sales:

Confirmed:             5,838

Week Ago:              4,170

Year Ago:              22,928

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:  30,200

Weighted avg. weight:       869 lbs.

Weighted avg. net price:    182.91

        

Cattle Slaughter under Federal Inspection:

Friday (est)                         115,000

Week ago (est)                  116,000

Year ago (act)                    119,000

Week to Date                    582,000

Same Period Last Week   573,000

Same Period Last year     606,000

Previous Day (est)

Steers & Heifers:  93,000

Cows & Bulls:        24,000

                                                                                                              

Boxed Beef:

Cutout Values:

Choice: 230.64… -4.92

Select:  219.27… -0.61

Choice/Select Spread: 11.37

Total Load Count: 155

        

Cutter Cow Cutout:

211.31… -8.64

   

CME Feeder Cattle Index for June 11^th:

129.58… +0.20

          

Futures…

Live Cattle:

June: 96.07… -0.75

August: 95.32… -1.13

October: 98.00… -1.07

   

Feeder Cattle:

August: 131.10… -1.07

September: 132.47… -0.78

October: 133.15… -0.85

     

July Hogs: 51.67… -0.45

July Crude Oil: 36.26… -0.08

   

July Corn: 3.3000… +0.0025

July Soybeans: 8.7125… +0.0525

July Wheat: 5.0200… +0.0275

   

Grain Cash Bids:

Kansas City Corn: 3.37… +0.03

Kansas City Soybeans: 8.56… +0.02

Kansas City Wheat: 4.92… +0.03

   

Financial Markets:

DJIA: 25,605.54… +477.37

S & P 500: 3,041.31... +39.21

NASDAQ: 9,588.81… +96.08

U.S. Dollar Index: 97.27… +0.54