Jun 11 2021

Texas Daily Ag Market News Summary Posted 3 years 170 days ago by Administrator Account

Daily Market Summary for June 11^th

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Slaughter Cattle:

As of 3:00 PM Friday, negotiated cash trading in the Western Cornbelt has been limited on light demand. A few live purchases traded at 122.00. However, not enough for a full market trend. Tuesday was the last reported market with live and dressed purchases at 120.00 and from 190.00- 191.00, respectively. So far for Friday in Nebraska negotiated cash trading has been mostly inactive on light demand. Not enough purchases for a market trend. The last live purchase market was on Thursday at 120.00, and the last dressed purchase market was on Tuesday from 190.00-191.00. Thus far for Friday in the Southern Plains negotiated cash trading has been at a standstill. The last reported market in the Southern Plains was Wednesday. In the Texas Panhandle live purchases traded from 119.00-120.00, and in Kansas live purchases traded at 120.00.

 

Negotiated Sales:

Confirmed:        2,733             

Week Ago:         6,312      

Year Ago:          4,170

 

Formula Net

Dressed Steers & Heifers:

Head count priced today:   27,000

Weighted avg. weight:        849.00

Weighted avg. net price:     192.85

       

Cattle Slaughter under Federal Inspection:

Friday (est)                            119,000

Week ago (est)                     119,000

Year ago (act)                       114,000

Week to Date                      595,000

Same Period Last Week     440,000

Same Period Last Year       573,000

Previous Day (est)

Steers & Heifers:  96,000

Cows & Bulls:        25,000

                                                                                                               

Boxed Beef:

Cutout Values:

Choice: 337.56… -0.69

Select:  305.21… -5.19

Choice/Select Spread: 32.35

Total Load Count: 78

            

Cutter Cow Cutout:

222.13… -4.26

   

CME Feeder Cattle Index for June 10^th:

140.23… +0.32 / +0.23%

1 Year Change: +8.22%

52 Week Range: 128.01 - 144.04

              

Futures Settlements…

Live Cattle:

June: 118.70… +1.13

August: 120.02… +1.47

October: 125.77… +1.57

   

Feeder Cattle:

August: 151.17… +2.77

September: 153.52… +2.62

October: 155.47… +2.35

     

July Hogs: 119.97… -1.35

July Crude Oil: 70.91… +0.62

   

July Corn: 6.8450… -0.1450

July Wheat: 6.8075… -0.0300

   

Grain Cash Bids:

Kansas City Corn: 6.97… -0.14

Kansas City Wheat: 6.23… -0.02

   

Financial Markets:

DJIA: 34,480.65… +14.41

S & P 500: 4,247.47… +8.14

NASDAQ: 14,069.35… +49.02

U.S. Dollar Index: 90.52… +0.44