Jun 08 2021

Texas Daily Ag Market News Summary Posted 3 years 173 days ago by Administrator Account

Daily Market Summary for June 8^th

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Slaughter Cattle:

As of 3:00 PM Tuesday in Nebraska and Western Cornbelt, negotiated cash trading has been slow on moderate demand. In Nebraska, compared to last week, live and dressed purchases traded steady at 120.00 and from 190.00-191.00, respectively. In the Western Cornbelt a few live purchases traded from 120.00-121.00 and a few dressed purchases traded from 190.00-193.00. However, not enough for a full market trend. Last week live and dressed purchases traded at 120.00 and from 190.00-191.00, respectively. So far for Tuesday in Kansas negotiated cash trading has been limited on light demand. A few live purchases traded at 119.00. However, not enough for a market trend. In the Texas Panhandle negotiated cash trading has been at a standstill. Last week in the Southern Plains live purchases traded at 120.00.

 

Negotiated Sales:

Confirmed:      20,159             

Week Ago:              78       

Year Ago:         12,007     

 

Formula Net

Dressed Steers & Heifers:

Head count priced today:   26.200

Weighted avg. weight:        854.00

Weighted avg. net price:    195.85

       

Cattle Slaughter under Federal Inspection:

Tuesday (est)                        120,000

Week ago (est)                       94,000

Year ago (act)                       115,000

Week to Date                       235,000

Same Period Last Week       96,000

Same Period Last Year        227,000

Previous Day (est)

Steers & Heifers:  92,000

Cows & Bulls:        23,000

                                                                                                               

Boxed Beef:

Cutout Values:

Choice: 338.61… +0.01

Select:  306.18… -2.99

Choice/Select Spread: 32.43

Total Load Count: 108

            

Cutter Cow Cutout:

222.49… +2.41

   

CME Feeder Cattle Index for June 7^th:

140.12… -0.95 / -0.67%

1 Year Change: +8.18%

52 Week Range: 128.01 - 144.04

              

Futures Settlements…

Live Cattle:

June: 116.72… +0.50

August: 117.82… +0.05

October: 123.92… +0.22

   

Feeder Cattle:

August: 149.25… -0.95

September: 151.95… -0.67

October: 154.25… -0.40

     

June Hogs: 120.70… +0.80

June Crude Oil: 70.05… +0.82

   

July Corn: 6.8000… +0.0075

July Wheat: 6.8500… +0.0500

   

Grain Cash Bids:

Kansas City Corn: 6.92… +0.01

Kansas City Wheat: 6.18… +0.03

   

Financial Markets:

DJIA: 34,598.57… -30.81

S & P 500: 4,227.23… +0.72

NASDAQ: 13,929.34… +44.88

U.S. Dollar Index: 90.12… +0.17