Jul 15 2020

Texas Daily Ag Market News Summary Posted 4 years 137 days ago by

Daily Market Summary for July 15^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 Wednesday, negotiated trading in the Texas Panhandle has been limited on light demand. In Kansas negotiated cash trading has been limited on moderate demand. In the Southern Plains, when compared to the last reported market on Tuesday, live trades moved mostly steady at 95.00. In Kansas a few live trades moved up to 97.00. So far for Tuesday in the Northern Plains and Western Cornbelt negotiated cash trading has been slow on moderate demand. In Nebraska a few live and dressed trades moved at 96.00 and 157.00, respectively. Not enough for a full market trend. Last week live trades moved at 96.00 and dressed trades moved mostly at 157.00. In Colorado, when compared to last week, live trades moved 1.00 higher at 96.00. In the Western Cornbelt, when compared to the prior week, dressed trades moved steady from 157.00 to 160.00. Not enough live trades for a market trend. Tuesday was the last reported live trade market with trades from 97.00 to 100.00.

 

The FCE On-Line Auction offered 1,224 head today with 275 head in Kansas sold for 1-9 Day Delivery at a weighted average price of $95.62.

   

Negotiated Sales:

Confirmed:            21,495

Week Ago:             26,310

Year Ago:               20,275

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:  16,500

Weighted avg. weight:       888 lbs.

Weighted avg. net price:    153.10

        

Cattle Slaughter under Federal Inspection:

Wednesday (est)               119,000

Week ago (est)                  120,000

Year ago (act)                    122,000

Week to Date                     353,000

Same Period Last Week   354,000

Same Period Last year     364,000

Previous Day (est)

Steers & Heifers:  93,000

Cows & Bulls:        22,000

                                                                                                               

Boxed Beef:

Cutout Values:

Choice: 200.76… -0.16

Select:  191.37… +0.52

Choice/Select Spread: 9.59

Total Load Count: 151

        

Cutter Cow Cutout:

195.20… +1.35

   

CME Feeder Cattle Index for July 14^th:

135.91… +0.29

          

Futures…

Live Cattle:

August: 101.30… +2.50

October: 104.55… +1.45

December: 108.17… +1.02

   

Feeder Cattle:

August: 139.42… +2.70

September: 139.55… +2.08

October: 140.50… +1.80

     

August Hogs: 50.15… +0.23

August Crude Oil: 41.20… +0.91

   

September Corn: 3.2625… +0.0025

August Soybeans: 8.8625… +0.0825

September Wheat: 5.5075… +0.2400

   

Grain Cash Bids:

Kansas City Corn: 3.28… -0.01

Kansas City Soybeans: 8.64… +0.04

Kansas City Wheat: 5.58… +0.24

   

Financial Markets:

DJIA: 26,870.10… +227.51

S & P 500: 3,226.57… +29.05

NASDAQ: 10,550.49… +61.91

U.S. Dollar Index: 96.06… -0.20