Jul 28 2020

Texas Daily Ag Market News Summary Posted 4 years 123 days ago by Administrator Account

Daily Market Summary for July 28^th

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Slaughter Cattle:

As of 3:00 PM Tuesday, negotiated cash trading in the Southern Plains and Western Cornbelt has been limited on light demand. In the Texas Panhandle a few live purchases moved at 95.00. In Kansas a few live purchases moved from 95.00 to 97.50. In the Western Cornbelt a few dressed purchases moved at 161.00. Not enough purchases in any of these regions for a full market trend. So far for Tuesday in the Northern Plains negotiated cash trading has been at a standstill. Last week in the Southern Plains live purchases moved at 96.00. For the prior week in the Northern Plains live purchases moved at 98.00 and dressed purchases 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:               7,139

Week Ago:                9,504

Year Ago:                 4,726

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:  25,100

Weighted avg. weight:       874 lbs.

Weighted avg. net price:    154.47

        

Cattle Slaughter under Federal Inspection:

Tuesday (est)                     119,000

Week ago (est)                  118,000

Year ago (act)                    119,000

Week to Date                    236,000

Same Period Last Week   235,000

Same Period Last year     239,000

Previous Day (est)

Steers & Heifers:  95,000

Cows & Bulls:        22,000

                                                                                                              

Boxed Beef:

Cutout Values:

Choice: 202.96… +0.41

Select:  188.32… -1.81

Choice/Select Spread: 14.64

Total Load Count: 124

        

Cutter Cow Cutout:

191.25… +0.38

   

CME Feeder Cattle Index for July 27^th:

139.77… -0.22

            

Futures…

Live Cattle:

August: 100.90… +0.48

October: 105.00… +1.18

December: 108.87… +0.80

   

Feeder Cattle:

August: 140.70… +1.35

September: 141.30… +1.68

October: 141.92… +1.25

     

August Hogs: 54.20… -0.35

September Crude Oil: 41.04… -0.56

   

September Corn: 3.2000… -0.0500

August Soybeans: 8.9675… -0.0975

September Wheat: 5.2350… -0.0425

   

Grain Cash Bids:

Kansas City Corn: 3.22… -0.05

Kansas City Soybeans: 8.66… -0.12

Kansas City Wheat: 5.31… -0.04

   

Financial Markets:

DJIA: 26,379.49… -206.66

S & P 500: 3,218.45… -21.05

NASDAQ: 10,402.09… -134.18

U.S. Dollar Index: 93.76… +0.09