Jul 07 2020

Texas Daily Ag Market News Summary Posted 4 years 144 days ago by Administrator Account

Daily Market Summary for July 7^th

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Slaughter Cattle:

As of 3:00 PM Tuesday, trade was slow on light demand in most feeding regions. A few early live purchases in the Texas Panhandle were reported at 95.00. In Kansas few were reported from 94.00-95.00. In Nebraska a few dressed purchases traded mostly from 157.00-160.00. A few purchases were reported in the Western Cornbelt at 100.00 and 160.00 respectively. However not enough purchases in any feeding region for an adequate market test. The latest established market in any region was on Monday with dressed purchases in the Western Cornbelt at 160.00. The latest established live market in the Western Cornbelt was last week, with live purchases from 96.00- 97.00. 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:              7,761

Week Ago:               8,883

Year Ago:                      60

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:  23,600

Weighted avg. weight:       889 lbs.

Weighted avg. net price:    155.96

        

Cattle Slaughter under Federal Inspection:

Tuesday (est)                     119,000

Week ago (est)                  121,000

Year ago (act)                    120,000

Week to Date                    234,000

Same Period Last Week   242,000

Same Period Last year     239,000

Previous Day (est)

Steers & Heifers:  92,000

Cows & Bulls:        23,000

                                                                                                              

Boxed Beef:

Cutout Values:

Choice: 205.30… -0.16

Select:  196.84… -0.13

Choice/Select Spread: 8.46

Total Load Count: 124

        

Cutter Cow Cutout:

196.47… -0.01

   

CME Feeder Cattle Index for July 3^rd:

128.98… +0.10

          

Futures…

Live Cattle:

August: 100.00… -0.10

October: 104.17… +0.25

December: 107.02… -0.03

   

Feeder Cattle:

August: 134.92… -1.23

September: 136.32… -0.90

October: 137.25… -0.60

     

August Hogs: 48.87… -0.40

August Crude Oil: 40.62… -0.01

   

September Corn: 3.4500… -0.0150

August Soybeans: 8.9675… -0.0175

September Wheat: 4.9525… +0.0200

   

Grain Cash Bids:

Kansas City Corn: 3.45… -0.03

Kansas City Soybeans: 8.81… -0.02

Kansas City Wheat: 5.03… +0.02

   

Financial Markets:

DJIA: 25,890.53… -396.30

S & P 500: 3,145.37… -34.31

NASDAQ: 10,343.89… -89.76

U.S. Dollar Index: 96.98… +0.25