Jul 23 2020

Daily AG Market Summary Posted 4 years 128 days ago by Administrator Account

Daily Market Summary for July 23rd

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Slaughter Cattle:

As of 3:00 PM Thursday, negotiated cash trading has been inactive on very light demand in the Southern Plains. Not enough purchases for a market trend. The last reported market was on Wednesday with live purchases at 96.00. Thus far for Thursday in Nebraska and Western Cornbelt negotiated cash trading has been limited with light to moderate demand. In Nebraska a few live and dressed purchases moved steady at 98.00 and 158.00, respectively, when compared to the last reported market on Wednesday. In the Western Cornbelt not enough purchases for a market trend. Wednesday was the last reported market with live and dressed purchases from 99.00 to 100.00 and 158.00, respectively. So far for Thursday in Colorado negotiated cash trading has been at a standstill. The last reported market was on Wednesday with live purchases at 98.00.

    

Negotiated Sales:

Confirmed:               8,735

Week Ago:                7,024

Year Ago:                  2,212

       

Formula Net

Dressed Steers & Heifers:

Head count priced today:  33,800

Weighted avg. weight:       884 lbs.

Weighted avg. net price:    157.12

         

Cattle Slaughter under Federal Inspection:

Thursday (est)                   120,000

Week ago (est)                  117,000

Year ago (act)                    122,000

Week to Date                    472,000

Same Period Last Week   470,000

Same Period Last year     480,000

Previous Day (est)

Steers & Heifers:  92,000

Cows & Bulls:        25,000

                                                                                                               

Boxed Beef:

Cutout Values:

Choice: 202.26… +1.11

Select:  190.79… +1.51

Choice/Select Spread: 11.47

Total Load Count: 123

         

Cutter Cow Cutout:

189.64... +1.48

    

CME Feeder Cattle Index for July 22nd: 

137.96… +1.54

           

Futures…

Live Cattle:

August: 100.85… -0.65

October: 104.60… -1.12

December: 109.02… -1.10

    

Feeder Cattle:

August: 142.02… +0.50

September: 143.17… -0.10

October: 143.42… -0.10

      

August Hogs: 54.47… +1.82

September Crude Oil: 41.07… -0.83

    

September Corn: 3.2800… +0.0050

August Soybeans: 9.0625… +0.0700

September Wheat: 5.2950… -0.0500

    

Grain Cash Bids: 

Kansas City Corn: 3.30… Unchanged

Kansas City Soybeans: 8.76… +0.04

Kansas City Wheat: 5.37… -0.05

    

Financial Markets:

DJIA: 26,652.20… -353.64

S & P 500: 3,235.64…-40.38

NASDAQ: 10,461.42… -244.71

U.S. Dollar Index: 94.83… -0.16