Jun 26 2020

Texas Daily Ag Market News Summary Posted 4 years 155 days ago by Administrator Account

Daily Market Summary for June 26^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 Friday in the Southern Plains, negotiated cash trading has been at a standstill. The last reported market in the Southern Plains was on Thursday. In the Texas Panhandle live trades moved mostly from 93.00 to 95.00. In Kanas live trades moved at 97.00. Thus far for Friday in Nebraska and Western Cornbelt negotiated cash trading has been inactive with very light demand. Not enough trades for a market trend. In Nebraska the last reported live trade market was Thursday with trades at 95.00 and the last reported dressed market was on Wednesday with trades moved from 155.00 to 156.00. In the Western Cornbelt the last reported live trade market was on Tuesday with trades at 98.00. The last reported dressed trade market was on Wednesday with trades from 153.00 to 156.00.

   

Negotiated Sales:

Confirmed:              1,190

Week Ago:               2,142

Year Ago:               28,547

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:  26,500

Weighted avg. weight:       874 lbs.

Weighted avg. net price:    164.07

        

Cattle Slaughter under Federal Inspection:

Friday (est)                        119,000

Week ago (est)                  119,000

Year ago (act)                    121,000

Week to Date                    598,000

Same Period Last Week   597,000

Same Period Last year     611,000

Previous Day (est)

Steers & Heifers:  96,000

Cows & Bulls:        24,000

                                                                                                              

Boxed Beef:

Cutout Values:

Choice: 207.17… -1.09

Select:  198.85… -1.08

Choice/Select Spread: 8.32

Total Load Count: 135

        

Cutter Cow Cutout:

199.43… -2.49

   

CME Feeder Cattle Index for June 25^th:

130.04... +0.22

          

Futures…

Live Cattle:

June: 94.70… +0.53

August: 96.02… -0.05

October: 99.47… -0.18

   

Feeder Cattle:

August: 132.60… -0.65

September: 133.77… -0.73

October: 134.72… -0.73

     

July Hogs: 45.27… -1.65

August Crude Oil: 38.49… -0.23

   

July Corn: 3.1700… -0.0025

July Soybeans: 8.6500… -0.0450

July Wheat: 4.7400… -0.1275

   

Grain Cash Bids:

Kansas City Corn: 3.25… Unchanged

Kansas City Soybeans: 8.47… -0.05

Kansas City Wheat: 4.67… -0.12

   

Financial Markets:

DJIA: 25,015.48… -729.23

S & P 500: 3,009.02… -74.65

NASDAQ: 9,757.22… -259.78

U.S. Dollar Index: 97.45… +0.02