Jun 24 2020

Texas Daily Ag Market News Summary Posted 3 years 320 days ago by Administrator Account

Daily Market Summary for June 24^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 Wednesday, trade and demand was moderate in Nebraska. Compared to last week, live purchases traded 3.00-4.00 lower from 95.00-98.00. Dressed purchases compared to Tuesday, traded 1.00-2.00 higher from 155.00-156.00, bulk at 156.00. Trade was light on light to moderate demand in the Southern Plains and the Western Cornbelt. In Kansas compared to last week, early live purchases traded mostly 5.00 lower from 95.00-97.00, bulk at 97.00. In the Western Cornbelt, compared to Tuesday, dressed purchases traded steady to 1.00 higher from 155.00-156.00, bulk at 156.00. Live purchases on Tuesday traded at 98.00. In the Texas Panhandle a few early live purchases traded at 97.00, however not enough for an adequate market trend. Last week in the Texas Panhandle live purchases traded from 98.00-102.00.

The FCE On-Line Auction offered 1,221 head today with 276 head sold at a weighted average price of $96.43.

   

Negotiated Sales:

Confirmed:           24,400

Week Ago:            36,233

Year Ago:                1,755

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:  17,700

Weighted avg. weight:       861 lbs.

Weighted avg. net price:    169.18

        

Cattle Slaughter under Federal Inspection:

Wednesday (est)               120,000

Week ago (est)                  120,000

Year ago (act)                    123,000

Week to Date                    359,000

Same Period Last Week   358,000

Same Period Last year     367,000

Previous Day (est)

Steers & Heifers:  95,000

Cows & Bulls:        25,000

                                                                                                              

Boxed Beef:

Cutout Values:

Choice: 209.69… -2.12

Select:  201.69… -1.88

Choice/Select Spread: 8.00

Total Load Count: 196

        

Cutter Cow Cutout:

204.16… +2.34

   

CME Feeder Cattle Index for June 23^rd:

129.12… +0.41

          

Futures…

Live Cattle:

June: 93.30… -0.22

August: 96.35… -0.85

October: 99.62… -0.25

   

Feeder Cattle:

August: 132.87… -0.33

September: 134.17… -0.30

October: 135.17… -0.25

     

July Hogs: 45.92… -0.98

August Crude Oil: 38.01… -2.36

   

July Corn: 3.2425… -0.0075

July Soybeans: 8.7075… -0.0425

July Wheat: 4.8125… -0.0475

   

Grain Cash Bids:

Kansas City Corn: 3.32… -0.01

Kansas City Soybeans: 8.53… -0.06

Kansas City Wheat: 4.74… -0.05

   

Financial Markets:

DJIA: 25,445.94…-709.34

S & P 500: 3,050.33… -80.91

NASDAQ: 9,909.17… -222.20

U.S. Dollar Index: 97.19… +0.54