Jun 29 2020

Texas Daily Ag Market News Summary Posted 4 years 152 days ago by Administrator Account

Daily Market Summary for June 29^th

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Slaughter Cattle:

As of 3:00 PM Monday, trade was light on light to moderate demand in the Western Cornbelt. Compared to last week, early dressed purchases traded steady to 3.00 lower mostly at 153.00. A few early live purchases traded from 95.00-97.00, however not enough for an adequate market test. The latest established live market in the Western Cornbelt was last week with purchases mostly from 97.00-98.00. Trade was mostly inactive on light demand in the Southern and Northern Plains. The latest established market in the Texas Panhandle was last week with live purchases from 93.00-95.00, few up to 97.00. Last week in Kansas live purchases trade from 95.00-97.00, bulk at 97.00. In Nebraska last week, live purchases traded from 95.00-98.00, bulk at 95.00. Dressed purchases last week traded from 155.00-156.00.

   

Negotiated Sales:

Confirmed:              5,738

Week Ago:               4,397

Year Ago:                    241

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:  47,900

Weighted avg. weight:       888 lbs.

Weighted avg. net price:    162.53

        

Cattle Slaughter under Federal Inspection:

Monday (est)                     121,000

Week ago (est)                  119,000

Year ago (act)                    119,000

Previous Day (est)

Steers & Heifers:  94,000

Cows & Bulls:        25,000

                                                                                                              

Boxed Beef:

Cutout Values:

Choice: 208.36… +1.19

Select:  200.71… +1.86

Choice/Select Spread: 7.65

Total Load Count: 150

        

Cutter Cow Cutout:

201.36… +1.93

   

CME Feeder Cattle Index for June 26^th:

129.68... -0.36

          

Futures…

Live Cattle:

June: 95.00… +0.30

August: 96.47… +0.45

October: 100.05… +0.58

   

Feeder Cattle:

August: 133.50… +0.90

September: 134.27… +0.50

October: 135.12… +0.40

     

July Hogs: 45.37… +0.10

August Crude Oil: 39.70… +1.21

   

July Corn: 3.2625… +0.0925

July Soybeans: 8.6650… +0.0150

July Wheat: 4.8550… +0.1150

   

Grain Cash Bids:

Kansas City Corn: 3.34… +0.09

Kansas City Soybeans: 8.48… +0.01

Kansas City Wheat: 4.91… +0.24

   

Financial Markets:

DJIA: 25,595.05… +579.57

S & P 500: 3,053.31… +44.29

NASDAQ: 9,874.15… +116.93

U.S. Dollar Index: 97.51… -0.08