Jul 16 2020

Texas Daily Ag Market News Summary Posted 4 years 135 days ago by Administrator Account

Daily Market Summary for July 16^th

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

---

Slaughter Cattle:

As of 3:00 PM Thursday, negotiated cash trading has been limited on light demand in all major feeding regions. Not enough trades in any region for a full market trend. Wednesday was the last reported market in the Southern and Northern Plains. In the Southern Plains live trades moved at 95.00. In the Northern Plains live trades moved at 96.00 and, in Nebraska, dressed trades moved at 157.00.  In the Western Cornbelt Tuesday was last reported live trade market with trades from 97.00 to 100.00. Wednesday was the last dressed trade market with trades from 157.00 to 160.00.

   

Negotiated Sales:

Confirmed:              7,024

Week Ago:               7,599

Year Ago:              17,278

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:  31,500

Weighted avg. weight:       887 lbs.

Weighted avg. net price:    156.32

        

Cattle Slaughter under Federal Inspection:

Thursday (est)                   117,000

Week ago (est)                  120,000

Year ago (act)                    122,000

Week to Date                    470,000

Same Period Last Week   474,000

Same Period Last year     486,000

Previous Day (est)

Steers & Heifers:  93,000

Cows & Bulls:        26,000

                                                                                                              

Boxed Beef:

Cutout Values:

Choice: 200.80… +0.04

Select:  191.30… -0.07

Choice/Select Spread: 9.50

Total Load Count: 172

        

Cutter Cow Cutout:

190.92… -4.28

   

CME Feeder Cattle Index for July 14^th:

135.91… +0.29

          

Futures…

Live Cattle:

August: 103.27… +1.97

October: 106.60… +2.05

December: 110.10… +1.93

   

Feeder Cattle:

August: 142.60… +3.18

September: 142.75… +3.20

October: 143.20… +2.70

     

August Hogs: 53.65… +3.50

August Crude Oil: 40.75… -0.45

   

September Corn: 3.2625

August Soybeans: 8.8625

September Wheat: 5.5075

   

Grain Cash Bids:

Kansas City Corn: 3.32... +0.04

Kansas City Soybeans: 8.71... +0.07

Kansas City Wheat: 5.43... -0.15

   

Financial Markets:

DJIA: 26,734.71… -135.39

S & P 500: 3,215.59… -10.98

NASDAQ: 10,473.83… -76.66

U.S. Dollar Index: 96.34… +0.26