Jun 19 2020

Texas Daily Ag Market News Summary Posted 4 years 162 days ago by Administrator Account

Daily Market Summary for June 19^th

The Daily Market News Report bought to you by The Cattle Range. Please visit their website for more information!

---

Slaughter Cattle:

As of 3:00 PM Friday, trade was mostly inactive on light demand in all feeding regions. Not enough purchases in any feeding region for an adequate market test. The latest established market in the Southern Plains was on Thursday with live purchases at 98.00 in the Texas Panhandle and in Kansas ranging from 98.00-102.00, bulk from 100.00-102.00. On Thursday in Nebraska a few dressed purchases traded from 158.00-160.00. On Wednesday in Nebraska, live purchases traded from 98.00-102.00. On Thursday in the Western Cornbelt, a few dressed purchases traded mostly at 160.00. The latest established live market in the Western Cornbelt was on Tuesday with live purchases from 99.00-102.00.

   

Negotiated Sales:

Confirmed:             2,142

Week Ago:              5,838

Year Ago:                6,080

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:  30,100

Weighted avg. weight:       865 lbs.

Weighted avg. net price:    171.80

        

Cattle Slaughter under Federal Inspection:

Friday (est)                         119,000

Week ago (est)                  115,000

Year ago (act)                    119,000

Week to Date                    597,000

Same Period Last Week   582,000

Same Period Last year     604,000

Previous Day (est)

Steers & Heifers:  95,000

Cows & Bulls:        25,000

                                                                                                              

Boxed Beef:

Cutout Values:

Choice: 213.72… +0.16

Select:  203.91… -0.17

Choice/Select Spread: 9.81

Total Load Count: 167

        

Cutter Cow Cutout:

202.19… -3.77

   

CME Feeder Cattle Index for June 17^th:

128.51… +0.10

          

Futures…

Live Cattle:

June: 94.70… -1.37

August: 95.40… -0.70

October: 98.85… -0.55

   

Feeder Cattle:

August: 132.55… -0.42

September: 133.87… -0.38

October: 134.85… -0.25

     

July Hogs: 48.45… -1.45

July Crude Oil: 39.75… +0.91

   

July Corn: 3.3250… +0.0150

July Soybeans: 8.7650… +0.0350

July Wheat: 4.8125… -0.0225

   

Grain Cash Bids:

Kansas City Corn: 3.40… +0.01

Kansas City Soybeans: 8.62… +0.04

Kansas City Wheat: 4.74… -0.02

   

Financial Markets:

DJIA: 25,872.56… -207.54

S & P 500: 3,097.95… -17.37

NASDAQ: 9,946.12… +3.07

U.S. Dollar Index: 97.61… +0.19