Jul 24 2020

Texas Daily AG Market Summary Posted 4 years 127 days ago by Administrator Account

Daily Market Summary for July 24th

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Slaughter Cattle:

As of 3:00 PM Friday, negotiated cash trading has been inactive on very light demand in Nebraska and Western Cornbelt. In the Southern Plains and Colorado negotiated cash trading has been at a standstill. Not enough purchases for a market trend in any feeding region. In the Southern Plains the last reported market was on Wednesday with live purchases at 96.00. In Nebraska the last reported market was on Thursday with live and dressed purchases at 98.00 and 158.00, respectively. In the Western Cornbelt Wednesday was the last reported market with live and dressed purchases from 99.00 to 100.00 and 158.00, respectively. In Colorado the last reported market was on Wednesday with live purchases at 98.00.

    

Negotiated Sales:

Confirmed:               2,479

Week Ago:                2,759

Year Ago:                 11,110

       

Formula Net

Dressed Steers & Heifers:

Head count priced today:  20,100

Weighted avg. weight:       876 lbs.

Weighted avg. net price:    154.74

         

Cattle Slaughter under Federal Inspection:

Friday (est)                        113,000

Week ago (est)                  115,000

Year ago (act)                    119,000

Week to Date                    585,000

Same Period Last Week   585,000

Same Period Last year     599,000

Previous Day (est)

Steers & Heifers:  96,000

Cows & Bulls:        24,000

                                                                                                               

Boxed Beef:

Cutout Values:

Choice: 201.77… -0.49

Select:  190.63… -0.16

Choice/Select Spread: 11.14

Total Load Count: 117

         

Cutter Cow Cutout:

188.07… -1.57

    

CME Feeder Cattle Index for July 22d: 

137.96… +1.54

           

Futures…

Live Cattle:

August: 101.32… +0.47

October: 105.10… +0.50

December: 109.32… +0.30

    

Feeder Cattle:

August: 142.05… +0.03

September: 142.75… -0.42

October: 142.80… -0.62

      

August Hogs: 54.00… -0.47

September Crude Oil: 41.29… +0.22

    

September Corn: 3.2625… -0.0175

August Soybeans: 9.0475… -0.0150

September Wheat: 5.3950… +0.1000

    

Grain Cash Bids: 

Kansas City Corn: 3.28… -0.02

Kansas City Soybeans: 8.78… +0.02

Kansas City Wheat: 5.47… +0.10

    

Financial Markets:

DJIA: 26,469.89… -182.31

S & P 500: 3,215.65… -19.99

NASDAQ: 10,363.18… -98.24

U.S. Dollar Index: 94.41… -0.28