Jul 13 2020

Texas Daily Ag Market News Summary Posted 4 years 138 days ago by Administrator Account

Daily Market Summary for July 13^th

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Slaughter Cattle:

As of 3:00 PM Monday, negotiated cash trading in the Southern and Northern Plains has been at a standstill. Last week in the Southern Plains live trades moved at 95.00. For the prior week in the Northern Plains live trades moved at 96.00 and, in Nebraska, dressed trades moved mostly at 157.00. So far for Monday in the Western Cornbelt negotiated cash trading has been inactive with very light demand. Not enough trades for a market trend. Last week live trades moved from 99.00-100.00 and dressed trades moved mostly from 157.00-160.00.

   

Negotiated Sales:

Confirmed:                    84

Week Ago:               4,862

Year Ago:                    156

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:  38,900

Weighted avg. weight:       888 lbs.

Weighted avg. net price:    151.23

        

Cattle Slaughter under Federal Inspection:

Monday (est)                     118,000

Week ago (est)                  115,000

Year ago (act)                    120,000

Previous Day (est)

Steers & Heifers:  92,000

Cows & Bulls:        24,000

                                                                                                              

Boxed Beef:

Cutout Values:

Choice: 203.26… -1.24

Select:  191.88… -2.41

Choice/Select Spread: 11.38

Total Load Count: 119

        

Cutter Cow Cutout:

193.72… -2.14

   

CME Feeder Cattle Index for July 10^th:

135.17… +0.25

          

Futures…

Live Cattle:

August: 99.65… -0.35

October: 104.20… -0.37

December: 108.37… -0.03

   

Feeder Cattle:

August: 137.05… +1.30

September: 138.07… +0.75

October: 139.52… +1.02

     

August Hogs: 51.27… +1.40

August Crude Oil: 40.10… -0.45

   

September Corn: 3.2875… -0.0850

August Soybeans: 8.7400… -0.1325

September Wheat: 5.2475… -0.0925

   

Grain Cash Bids:

Kansas City Corn: 3.30… -0.08

Kansas City Soybeans: 8.56… -0.16

Kansas City Wheat: 5.32… -0.10

   

Financial Markets:

DJIA: 26,086.34… +11.04

S & P 500: 3,155.34… -26.69

NASDAQ: 10,390.84… -226.90

U.S. Dollar Index: 96.54… -0.11