Jun 18 2020

Texas Daily Ag Market News Summary Posted 4 years 163 days ago by Administrator Account

Daily Market Summary for June 18^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 Thursday, trade was moderate on light to moderate demand in Kansas. Compared to Wednesday in Kansas live purchases traded mostly steady ranging from 96.00-102.00, bulk from 100.00-102.00. Trade was slow on light demand in all other regions, however not enough purchases for an adequate market test. The latest established market in the Texas Panhandle was on Wednesday, with live purchases from 100.00-102.00, bulk at 102.00. On Wednesday in Nebraska, live purchases traded from 98.00-102.00 with dressed purchases from 157.00-162.00, bulk at 162.00. On Wednesday in the Western Cornbelt, dressed purchases traded from 160.00-162.00. The latest established live market in the Western Cornbelt was on Tuesday with live purchases from 99.00-102.00.

   

Negotiated Sales:

Confirmed:             12,495

Week Ago:              24,239

Year Ago:                42,996

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:  33,200

Weighted avg. weight:       889 lbs.

Weighted avg. net price:    174.08

        

Cattle Slaughter under Federal Inspection:

Thursday (est)                   120,000

Week ago (est)                  117,000

Year ago (act)                    121,000

Week to Date                    478,000

Same Period Last Week   467,000

Same Period Last year     485,000

Previous Day (est)

Steers & Heifers:  93,000

Cows & Bulls:        27,000

                                                                                                              

Boxed Beef:

Cutout Values:

Choice: 213.56… -4.37

Select:  204.08… -4.00

Choice/Select Spread: 9.48

Total Load Count: 252

        

Cutter Cow Cutout:

205.96… -0.97

   

CME Feeder Cattle Index for June 17^th:

128.51… +0.10

          

Futures…

Live Cattle:

June: 96.07… -0.43

August: 96.10… -0.75

October: 99.40… -0.42

   

Feeder Cattle:

August: 132.97… -0.60

September: 134.25… -0.70

October: 135.10… -0.62

     

July Hogs: 49.90… +0.25

July Crude Oil: 38.84… +0.88

   

July Corn: 3.3100… +0.0075

July Soybeans: 8.7300… +0.0175

July Wheat: 4.8350… -0.0525

   

Grain Cash Bids:

Kansas City Corn: 3.39… +0.01

Kansas City Soybeans: 8.58… +0.02

Kansas City Wheat: 4.76… -0.05

   

Financial Markets:

DJIA: 26,079.83… -39.78

S & P 500: 3,115.32… +1.83

NASDAQ: 9,943.05… +32.52

U.S. Dollar Index: 97.43… +0.27