Jun 15 2021

Daily AG Market Summary for June 15th, 2021 Posted 3 years 166 days ago by Administrator Account

Daily Market Summary for June 15th

   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 Tuesday, negotiated cash trading in Nebraska and the Western Cornbelt has been limited on light demand with a few dressed purchases at 195.00, however not enough for a full market trend. Last week in Nebraska live purchases traded at 120.00 and dressed purchases traded from 190.00-191.00. In the Western Cornbelt last week live purchases traded from 120.00-121.00 and dressed purchases traded from 190.00-191.00. Negotiated cash trading has been mostly inactive on very light demand in Kansas, and at a standstill in the Texas Panhandle. Not enough purchases in either region for a full market trend. Last week in the Southern Plains live purchases traded from 119.00-120.00.

  

Negotiated Sales:

Confirmed:        9,563              

Week Ago:       20,159       

Year Ago:         17,409

Formula Net

Dressed Steers & Heifers:

Head count priced today:   19,000

Weighted avg. weight:        842.00

Weighted avg. net price:     196.62

        

         

Cattle Slaughter under Federal Inspection:

Tuesday (est)                        121,000

Week ago (est)                     120,000

Year ago (act)                       117,000

Week to Date                       237,000

Same Period Last Week     235,000

Same Period Last Year       233,000

Monday

Steers & Heifers:  92,000

Cows & Bulls:        24,000

                                                                                                               

Boxed Beef:

Cutout Values:

Choice: 334.43… -1.04

Select:  298.28… -5.13

Choice/Select Spread: 36.15

Total Load Count: 128

             

Cutter Cow Cutout: 

224.53… +0.74

    

CME Feeder Cattle Index for June 14th: 

140.22… +0.61 / +0.44%

1 Year Change: +8.88%

52 Week Range: 128.01 - 144.04

               

Futures Settlements…

Live Cattle:

June: 121.22… +1.85

August: 123.90… +2.63

October: 128.62… +1.82

    

Feeder Cattle:

August: 156.82… +2.22

September: 158.65… +1.83

October: 160.02… +1.45

      

July Hogs: 118.50… +0.28

July Crude Oil: 72.12… +1.24

    

July Corn: 6.6750… +0.0825

July Wheat: 6.6150… -0.1300

    

Grain Cash Bids: 

Kansas City Corn: 6.80… +0.09

Kansas City Wheat: 5.98… -0.15

    

Financial Markets:

DJIA: 34,299.99… -95.34

S & P 500: 4,246.82… -8.50

NASDAQ: 14,072.86… -89.37

U.S. Dollar Index: 90.53… +0.01