Jul 10 2020

Texas Daily Ag Market News Summary Posted 4 years 141 days ago by Administrator Account

Daily Market Summary for July 10^th

The Daily Market News Report bought to you by The Cattle Range. Please visit their website for more information!

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Slaughter Cattle:

As of 3:00 PM Friday, negotiated cash trade was limited on light to moderate demand in most feeding regions. Not enough purchase in any region for and adequate market test. The latest established market in any regions was on Thursday with purchases in the Northern Plains mostly at 96.00 with dressed purchases mostly at 157.00 in Nebraska. In the Western Cornbelt on Thursday, live purchases traded mostly at 99.00 with dressed purchases from 157.00-160.00. The latest established market in the Southern Plains was on Wednesday, with live purchases at 95.00 it the Texas Panhandle and from 94.00-95.00 in Kansas.

   

Negotiated Sales:

Confirmed:               3,149

Week Ago:                None

Year Ago:                26,593

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:  21,900

Weighted avg. weight:       865 lbs.

Weighted avg. net price:    151.96

        

Cattle Slaughter under Federal Inspection:

Friday (est)                        119,000

Week ago (est)                  109,000

Year ago (act)                    117,000

Week to Date                    593,000

Same Period Last Week   593,000

Same Period Last year     593,000

Previous Day (est)

Steers & Heifers:  96,000

Cows & Bulls:        24,000

                                                                                                               

Boxed Beef:

Cutout Values:

Choice: 204.50… +0.91

Select:  194.29… -0.54

Choice/Select Spread: 10.21

Total Load Count: 93

        

Cutter Cow Cutout:

195.86… +2.04

   

CME Feeder Cattle Index for July 9^th:

134.92… +1.23

          

Futures…

Live Cattle:

August: 100.00… +0.75

October: 104.57… +0.65

December: 108.40… +0.95

   

Feeder Cattle:

August: 135.75… +1.23

September: 137.32… +1.15

October: 138.50… +1.38

     

August Hogs: 49.87… -0.35

August Crude Oil: 40.55… +0.93

   

September Corn: 3.3725… -0.1150

August Soybeans: 8.8725… -0.0925

September Wheat: 5.3400… +0.0900

   

Grain Cash Bids:

Kansas City Corn: 3.38… -0.12

Kansas City Soybeans: 8.72… -0.07

Kansas City Wheat: 5.42… +0.09

   

Financial Markets:

DJIA: 26,075.30… +368.59

S & P 500: 3,185.03… +32.87

NASDAQ: 10,617.44… +69.69

U.S. Dollar Index: 96.64… -0.06