Jun 23 2020

Texas Daily Ag Market News Summary Posted 4 years 158 days ago by Administrator Account

Daily Market Summary for June 23^rd

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Slaughter Cattle:

As of 3:00 PM Tuesday in Nebraska, negotiated cash trading has been slow on light demand. Compared to last week the bulk of dressed trades have moved 3.00 to 7.00 lower at 155.00. Not enough live trades for a market trend. Last week live trades moved from 98.00 to 102.00. So far Tuesday in Kansas and Western Cornbelt negotiated cash trading has been limited on light demand. In the Western Cornbelt a few dressed trades moved at 155.00. However, not enough trades in these regions for a market trend. Thus far for Tuesday in the Texas Panhandle 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 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:             8,552

Week Ago:            17,409

Year Ago:                3,046

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:  23,400

Weighted avg. weight:       872 lbs.

Weighted avg. net price:    175.25

        

Cattle Slaughter under Federal Inspection:

Tuesday (est)                     120,000

Week ago (est)                  119,000

Year ago (act)                    123,000

Week to Date                    239,000

Same Period Last Week   238,000

Same Period Last year     244,000

Previous Day (est)

Steers & Heifers:  95,000

Cows & Bulls:        24,000

                                                                                                               

Boxed Beef:

Cutout Values:

Choice: 211.81… -2.25

Select:  203.57… -0.73

Choice/Select Spread: 8.24

Total Load Count: 205

        

Cutter Cow Cutout:

201.82… +0.42

   

CME Feeder Cattle Index for June 22^nd:

128.71… -0.41

          

Futures…

Live Cattle:

June: 93.52… -0.88

August: 97.20… +2.08

October: 99.87… +1.30

   

Feeder Cattle:

August: 133.20… +1.45

September: 134.47… +1.40

October: 135.42… +1.25

     

July Hogs: 46.90… +0.08

August Crude Oil: 40.37… -0.36

   

July Corn: 3.2500… -0.0325

July Soybeans: 8.7500… -0.0125

July Wheat: 4.8600… +0.0100

   

Grain Cash Bids:

Kansas City Corn: 3.36

Kansas City Soybeans: 8.61

Kansas City Wheat: 4.78

   

Financial Markets:

DJIA: 26,155.28… +130.60

S & P 500: 3,131.24… +13.38

NASDAQ: 10,131.37… +74.89

U.S. Dollar Index: 96.71… -0.33