Jun 15 2020

Texas Daily AG Market News Summary Posted 4 years 166 days ago by Administrator Account

Daily Market Summary for June 15th

 The Daily Market News Report brought to you by The Cattle Range.  Please visit:  https://www.cattlerange.com/comprehensive-cattle-market-reports-analysis/daily-summary/
for more information!

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Slaughter Cattle:

As of 3:00 PM Monday, negotiated trade was slow on light to moderate demand in all feeding regions. In the Texas Panhandle a few live purchases were reported at 100.00. In Kansas a few early live purchases traded from 98.00-100.00. In Nebraska a few early purchases were reported from 100.00-105.00 with dressed purchases from 159.00-167.00. In the Western Cornbelt a few early dressed purchases were reported at 167.00. However, not enough purchases in any feeding region for an adequate market test. The latest established market in any region was last week with live purchases in the Southern Plains mostly from 104.00-108.00. Last week in Nebraska, live purchases traded mostly from 102.00-108.00 with dressed purchases from 165.00-172.00. Last week in the Western Cornbelt, live purchases traded mostly from 103.00-105.00 with dressed purchases from 160.00-172.00.

    

Negotiated Sales:

Confirmed:             9,869

Week Ago:                 821

Year Ago:                   220

       

Formula Net

Dressed Steers & Heifers:

Head count priced today:  36,200

Weighted avg. weight:       889 lbs.

Weighted avg. net price:    180.91

         

Cattle Slaughter under Federal Inspection:

Monday (est)                     119,000

Week ago (est)                  117,000

Year ago (act)                    120,000

Previous Day (est)

Steers & Heifers:  91,000

Cows & Bulls:        24,000

                                                                                                               

Boxed Beef:

Cutout Values:

Choice: 228.61… -2.03

Select:  214.35… -4.92

Choice/Select Spread: 14.26

Total Load Count: 166

         

Cutter Cow Cutout:

217.08… +5.77

    

CME Feeder Cattle Index for June 11th: 

129.58… +0.20

           

Futures…

Live Cattle:

June: 96.07… Unchanged

August: 96.00… +0.68

October: 98.65… +0.65

    

Feeder Cattle:

August: 131.17… +0.07

September: 132.57… +0.10

October: 133.55… +0.40

      

July Hogs: 52.27… +0.60

July Crude Oil: 37.12… +0.86

    

July Corn: 3.2925… -0.0075

July Soybeans: 8.6900… -0.0225

July Wheat: 5.0475… +0.0275

    

Grain Cash Bids: 

Kansas City Corn: 3.36… -0.01

Kansas City Soybeans: 8.57… +0.01

Kansas City Wheat: 4.95… +0.03

    

Financial Markets:

DJIA: 25,763.16… +157.62

S & P 500: 3,066.59… +25.28

NASDAQ: 9,726.02… +134.21

U.S. Dollar Index: 96.74… -0.58