Jul 17 2020

Texas Daily Ag Market News Summary Posted 4 years 134 days ago by Administrator Account

Daily Market Summary for July 17^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 trading in the Texas Panhandle has been at a standstill. In Kansas, Northern Plains and Western Cornbelt negotiated cash trading has been inactive on light demand. Not enough trades in any region for a market trend. The last reported market in the Southern Plains and Nebraska was on Thursday. In the Southern Plains live trades moved at 95.00. In Nebraska live trades moved at 97.50 and dressed trades at 157.00. In Colorado the last reported market was on Wednesday with live trades at 96.00. 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:              2,759

Week Ago:               3,149

Year Ago:                 4,297

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:  22,300

Weighted avg. weight:       865 lbs.

Weighted avg. net price:    155.08

        

Cattle Slaughter under Federal Inspection:

Friday (est)                         115,000

Week ago (est)                  116,000

Year ago (act)                    121,000

Week to Date                    585,000

Same Period Last Week   590,000

Same Period Last year     607,000

Previous Day (est)

Steers & Heifers:  93,000

Cows & Bulls:        26,000

                                                                                                              

Boxed Beef:

Cutout Values:

Choice: 200.47… -0.33

Select:  190.31… -0.99

Choice/Select Spread: 10.16

Total Load Count: 144

        

Cutter Cow Cutout:

193.27… +2.35

   

CME Feeder Cattle Index for July 16^th:

136.61… +0.74

          

Futures…

Live Cattle:

August: 103.27… Unchanged

October: 106.87… +0.27

December: 110.70… +0.60

   

Feeder Cattle:

August: 142.70… +0.10

September: 143.32… +0.57

October: 143.60… +0.40

     

August Hogs: 52.80… -0.85

August Crude Oil: 40.29… -0.16

   

September Corn: 3.3300… +0.0275

August Soybeans: 8.9800… +0.0450

September Wheat: 5.3475… -0.0500

   

Grain Cash Bids:

Kansas City Corn: 3.35… +0.03

Kansas City Soybeans: 8.75… +0.04

Kansas City Wheat: 5.42… -0.01

   

Financial Markets:

DJIA: 26,671.95… -62.76

S & P 500: 3,224.73… +9.14

NASDAQ: 10,503.19… +29.36

U.S. Dollar Index: 95.94… -0.40