Jun 07 2021

Texas Daily Ag Market News Summary Posted 3 years 174 days ago by Administrator Account

Daily Market Summary for June 7^th

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Slaughter Cattle:

As of 3:00 PM r Monday in the Southern Plains and Western Cornbelt, negotiated cash trading has been at a standstill. In Nebraska negotiated cash trading has been mostly inactive with very light demand. Not enough purchases for a market trend. Last week in all regions live purchases traded at 120.00. Last week in Nebraska and Western Cornbelt dressed purchases traded from 190.00-191.00.

 

Negotiated Sales:

Confirmed:          214             

Week Ago:         None          

Year Ago:        12,879        

 

Formula Net

Dressed Steers & Heifers:

Head count priced today:   36,600

Weighted avg. weight:        849.00

Weighted avg. net price:     192.45

       

Cattle Slaughter under Federal Inspection:

Monday (est)                       119,000

Week ago (est)                         2,000

Year ago (act)                       112,000

Previous Day (est)

Steers & Heifers:  95,000

Cows & Bulls:        24,000

                                                                                                              

Boxed Beef:

Cutout Values:

Choice: 338.60… -0.38

Select:  309.17… -2.56

Choice/Select Spread: 29.43

Total Load Count: 98

            

Cutter Cow Cutout:

220.08… +0.20

   

CME Feeder Cattle Index for June 4^th:

141.07… +3.57 / +2.60%

1 Year Change: +9.30%

52 Week Range: 128.01 - 144.04

              

Futures Settlements…

Live Cattle:

June: 116.22… -0.60

August: 117.77… -0.30

October: 123.70… -0.35

   

Feeder Cattle:

August: 150.20… +0.28

September: 152.62… -0.13

October: 154.65… -0.30

     

June Hogs: 119.90… +0.40

June Crude Oil: 69.23… -0.39

   

July Corn: 6.7925… -0.0350

July Wheat: 6.8000… -0.0775

   

Grain Cash Bids:

Kansas City Corn: 6.91… -0.04

Kansas City Wheat: 6.15… -0.07

   

Financial Markets:

DJIA: 34,629.38… -128.06

S & P 500: 4,226.51… -3.48

NASDAQ: 13,884.46… +69.97

U.S. Dollar Index: 89.96… -0.18