Jul 27 2020

Daily AG Market Summary for 27 July 2020 Posted 4 years 124 days ago by Administrator Account

Daily Market Summary for July 27th

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 Monday, negotiated cash trading has been at a standstill in the Southern and Northern Plains. In the Western Cornbelt negotiated cash trading has been inactive on very light demand. Not enough purchases for a market trend. Last week in the Southern Plains live purchases moved at 96.00. For the prior week in the Northern Plains live purchases moved at 96.00 and dressed purchases, in Nebraska, moved at 158.00. For the previous week in the Western Cornbelt live purchases moved from 99.00 to 100.00 and dressed purchases moved at 158.00.

    

Negotiated Sales:

Confirmed:               677

Week Ago:                427

Year Ago:                 273

       

Formula Net

Dressed Steers & Heifers:

Head count priced today:  36,600

Weighted avg. weight:       884 lbs.

Weighted avg. net price:    152.87

         

Cattle Slaughter under Federal Inspection:

Monday (est)                     117,000

Week ago (est)                  117,000

Year ago (act)                    120,000

Previous Day (est)

Steers & Heifers:  90,000

Cows & Bulls:        23,000

                                                                                                               

Boxed Beef:

Cutout Values:

Choice: 202.55… +0.78

Select:  190.13… -0.50

Choice/Select Spread: 12.42

Total Load Count: 94

         

Cutter Cow Cutout:

190.87… +2.80

    

CME Feeder Cattle Index for July 24th: 

139.99… +0.56

             

Futures…

Live Cattle:

August: 100.42… -0.90

October: 103.82… -1.28

December: 108.07… -1.25

    

Feeder Cattle:

August: 139.35… -2.70

September: 139.62… -3.13

October: 140.67… -2.13

      

August Hogs: 54.55… +0.55

September Crude Oil: 41.60… +0.31

    

September Corn: 3.2500… -0.0125

August Soybeans: 9.0650… +0.0175

September Wheat: 5.2775… -0.1175

    

Grain Cash Bids: 

Kansas City Corn: 3.27… -0.01

Kansas City Soybeans: 8.78… Unchanged

Kansas City Wheat: 5.35… -0.12

    

Financial Markets:

DJIA: 26,586.15… +116.26

S & P 500: 3,239.50… +23.85

NASDAQ: 10,536.27… +173.09

U.S. Dollar Index: 93.72… -0.72