Jul 09 2020

Texas Daily Ag Market News Summary Posted 4 years 142 days ago by Administrator Account

Daily Market Summary for July 9^th

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Slaughter Cattle:

As of 3:00 PM Thursday, trade was slow on moderate demand in Nebraska. A few purchases were reported from 96.00-97.00 and 155.00-157.00, however not enough for an adequate market test. Trade was limited on light to moderate demand in all other regions. The latest established market in any region was to Tuesday with live purchases at 95.00 in the Texas Panhandle. On Tuesday in Kansas live purchases traded from 94.00-95.00. The latest established live market in in Nebraska was last week from 95.00-96.00. On Tuesday dressed purchases traded from 157.00-160.00. Last week in Colorado, live purchases traded mostly at 96.00. On Tuesday in the Western Cornbelt, live purchases traded from 99.00-100.00. The latest established dressed market in the Western Cornbelt was on Monday at 160.00.

   

Negotiated Sales:

Confirmed:               7,530

Week Ago:              26,775

Year Ago:                12,822

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:  18,700

Weighted avg. weight:       881 lbs.

Weighted avg. net price:    152.35

        

Cattle Slaughter under Federal Inspection:

Thursday (est)                   120,000

Week ago (est)                  121,000

Year ago (act)                    119,000

Week to Date                    474,000

Same Period Last Week   484,000

Same Period Last year     476,000

Previous Day (est)

Steers & Heifers:  95,000

Cows & Bulls:        25,000

                                                                                                              

Boxed Beef:

Cutout Values:

Choice: 203.59… -0.24

Select:  194.83… -0.69

Choice/Select Spread: 8.76

Total Load Count: 163

        

Cutter Cow Cutout:

193.82… -1.11

   

CME Feeder Cattle Index for July 8^th:

133.69… +3.54

          

Futures…

Live Cattle:

August: 99.25… +0.10

October: 103.92… +0.42

December: 107.45… +0.78

   

Feeder Cattle:

August: 134.52… +0.47

September: 136.17… +0.50

October: 137.12… +0.35

     

August Hogs: 50.22… +2.27

August Crude Oil: 39.62… -1.28

   

September Corn: 3.4875… +0.0250

August Soybeans: 8.9650… +0.0400

September Wheat: 5.2500… +0.0850

   

Grain Cash Bids:

Kansas City Corn: 3.50… +0.03

Kansas City Soybeans: 8.79… +0.04

Kansas City Wheat: 5.33… +0.09

   

Financial Markets:

DJIA: 25,706.71… -360.70

S & P 500: 3,152.16… -17.88

NASDAQ: 10,547.75… +55.25

U.S. Dollar Index: 96.77… +0.34