Jun 22 2020

Texas Daily Ag Market News Summary Posted 4 years 159 days ago by Administrator Account

Daily Market Summary for June 22^nd

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 Monday in the Texas Panhandle and Nebraska, negotiated cash trading has been very limited on very light demand. A very few live trades moved at 95.00 in the Texas Panhandle. In Nebraska a few dressed trades moved from 152.00 to 155.00. However, not enough trades in either region for a market trend. In Kansas and Western Cornbelt negotiated cash trading has been at a standstill. Last week in the Texas Panhandle live trades moved from 98.00 to 102.00. Last week in Kansas live trades moved mostly at 102.00. For the prior week in Nebraska live trades moved mostly from 98.00 to 102.00 and dressed trades moved mostly from 158.00 to 162.00. For the previous week in the Western Cornbelt live trades moved from 99.00 to 102.00 and dressed trades moved mostly from 160.00 to 162.00.

   

Negotiated Sales:

Confirmed:             4,397

Week Ago:              9,869

Year Ago:                  198

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:  33,100

Weighted avg. weight:       878 lbs.

Weighted avg. net price:    169.14

        

Cattle Slaughter under Federal Inspection:

Monday (est)                     119,000

Week ago (est)                  119,000

Year ago (act)                    121,000

Previous Day (est)

Steers & Heifers:  94,000

Cows & Bulls:        25,000

                                                                                                              

Boxed Beef:

Cutout Values:

Choice: 214.06… +0.34

Select:  204.30… +0.39

Choice/Select Spread: 9.76

Total Load Count: 154

        

Cutter Cow Cutout:

201.40… -0.79

   

CME Feeder Cattle Index for June 18^th:

128.01… -0.50

          

Futures…

Live Cattle:

June: 94.40… -0.30

August: 95.12… -0.28

October: 98.57… -0.28

   

Feeder Cattle:

August: 131.75… -0.80

September: 133.07… -0.80

October: 134.17… -0.68

     

July Hogs: 46.82… -1.63

July Crude Oil: 40.46… +0.71

   

July Corn: 3.2825… -0.0425

July Soybeans: 8.7625… -0.0025

July Wheat: 4.8500… +0.0375

   

Grain Cash Bids:

Kansas City Corn: 3.36… -0.04

Kansas City Soybeans: 8.61… -0.01

Kansas City Wheat: 4.78… +0.03

   

Financial Markets:

DJIA: 26,024.68… +153.22

S & P 500: 3,118.22… +20.28

NASDAQ: 10,056.48… +110.36

U.S. Dollar Index: 97.06… -0.56