Jul 06 2020

Texas Daily Ag Market News Summary Posted 4 years 145 days ago by Administrator Account

Daily Market Summary for July 6^th

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Slaughter Cattle:

As of 3:00 PM Monday, negotiated cash trade was slow on light demand in the Western Cornbelt. Compared to last week in the Western Cornbelt a few early dressed purchases traded 5.00-7.00 higher at 160.00. The latest established live market in the Western Cornbelt was last week, with live purchases from 96.00-97.00. Trade was limited on light demand in Kanas and Nebraska. A few early live purchases traded from 93.00-95.00 in Kansas with a few early dressed purchases in Nebraska at 160.00. However not enough purchases in either region for an adequate market test. Trade was inactive on light demand in all other regions. The latest established market in the Texas Panhandle was last week with live purchases from 93.00-95.00. In Kansas last week, live purchases traded mostly at 95.00. Last week in Nebraska live purchases traded from 95.00-96.00 with dressed purchases from 154.00-155.00. Last week in Colorado, live purchases traded mostly at 96.00.

   

Negotiated Sales:

Confirmed:              4,862

Week Ago:               5,738

Year Ago:                    146

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:  33,400

Weighted avg. weight:       885 lbs.

Weighted avg. net price:    154.66

        

Cattle Slaughter under Federal Inspection:

Monday (est)                     109,000

Week ago (est)                  119,000

Year ago (act)                    118,000

Previous Day (est)

Steers & Heifers:  93,000

Cows & Bulls:        16,000

                                                                                                               

Boxed Beef:

Cutout Values:

Choice: 205.46… +0.02

Select:  196.97… -1.79

Choice/Select Spread: 8.49

Total Load Count: 169

        

Cutter Cow Cutout:

196.48… +2.54

   

CME Feeder Cattle Index for July 3^rd:

128.98... +0.10

          

Futures…

Live Cattle:

August: 100.10… +0.70

October: 103.92... +1.25

December: 107.05… +1.13

   

Feeder Cattle:

August: 136.15… +1.28

September: 137.22… +1.37

October: 137.85… +1.15

     

August Hogs: 49.27… +0.07

August Crude Oil: 40.63… -0.02

   

September Corn: 3.4650… +0.0300

August Soybeans: 8.9850… +0.0725

September Wheat: 4.9325… +0.0125

   

Grain Cash Bids:

Kansas City Corn: 3.48… +0.01

Kansas City Soybeans: 8.83… +0.05

Kansas City Wheat: 5.01… +0.05

   

Financial Markets:

DJIA: 26,286.83… +459.41

S & P 500: 3,179.68… +49.66

NASDAQ: 10,433.65… +226.02

U.S. Dollar Index: 96.79… -0.38