Jul 08 2020

Texas Daily Ag Market News Summary Posted 4 years 143 days ago by Administrator Account

Daily Market Summary for July 8^th

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Slaughter Cattle:

As of 3:00 PM Wednesday, trade and demand was moderate in the Southern Plains. Compared to Tuesday in the Texas Panhandle, live purchases traded steady at 95.00. Compared to Tuesday in Kansas live purchases traded steady to 1.00 lower from 94.00-95.00. Trade was slow on moderate demand in the Northern Plains. In Nebraska a few early live purchases traded from 95.00-96.00, however not enough for an adequate market test. Last week in Nebraska live purchases traded from 95.00-96.00 with dressed purchases from 157.00-160.00 on Tuesday. Last week in Colorado, live purchases traded mostly at 96.00. Trade was slow to moderate on moderate demand in the Western Cornbelt. Compared to Tuesday, live purchases traded steady to 2.00 higher from 99.00-100.00. A few dressed purchases traded from 157.00-158.00, however not enough for an adequate test. The latest established market in the Western Cornbelt was on Monday at 160.00.

The FCE On-Line Auction offered 1,390 head today with 659 head in Kansas sold at $95.00 to $95.16.

   

Negotiated Sales:

Confirmed:             26,310

Week Ago:              39,310

Year Ago:                     185

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:  23,700

Weighted avg. weight:       884 lbs.

Weighted avg. net price:    154.59

        

Cattle Slaughter under Federal Inspection:

Wednesday (est)               120,000

Week ago (est)                  121,000

Year ago (act)                    118,000

Week to Date                    354,000

Same Period Last Week   363,000

Same Period Last year     357,000

Previous Day (est)

Steers & Heifers:  94,000

Cows & Bulls:        25,000

                                                                                                               

Boxed Beef:

Cutout Values:

Choice: 203.83… -1.47

Select:  195.52… -1.32

Choice/Select Spread: 8.31

Total Load Count: 178

        

Cutter Cow Cutout:

194.93… -1.54

   

CME Feeder Cattle Index for July 7^th:

130.15… +0.02

          

Futures…

Live Cattle:

August: 99.15… -0.85

October: 103.50… -0.67

December: 106.67… -0.35

   

Feeder Cattle:

August: 134.05… -0.87

September: 135.67… -0.65

October: 136.77… -0.48

     

August Hogs: 47.95… -0.92

August Crude Oil: 40.90… +0.28

   

September Corn: 3.4625… +0.0125

August Soybeans: 8.9250… -0.0425

September Wheat: 5.1650… +0.2125

   

Grain Cash Bids:

Kansas City Corn: 3.47… +0.02

Kansas City Soybeans: 8.75… -0.06

Kansas City Wheat: 5.24… +0.21

   

Financial Markets:

DJIA: 26,067.41… +176.88

S & P 500: 3,170.04… +24.67

NASDAQ: 10,492.50… +148.61

U.S. Dollar Index: 96.49… -0.39