Jun 16 2021

Daily AG Market Summary for June 16, 2021 Posted 3 years 165 days ago by Administrator Account

Daily Market Summary for June 16th

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Slaughter Cattle:

As of 3:00 PM Wednesday, negotiated cash trading has been slow on light demand in Kansas with live purchases steady compared to Tuesday at 122.00. In Nebraska, negotiated cash trading has been slow on light demand with live purchases steady compared to Tuesday at 124.00. Not enough dressed purchases for a full market trend. The last reported dressed market in Nebraska was on Tuesday at 195.00. Negotiated cash trading in the Texas Panhandle and the Western Cornbelt has been limited on light demand. Not enough purchases in either region for a full market trend. On Tuesday in the Texas Panhandle live purchases traded at 122.00. The last reported market in the Western Cornbelt was last week with live purchases from 120.00-121.00 and dressed purchases from 190.00-191.00.

  

Negotiated Sales:

Confirmed:       21,311              

Week Ago:       23,934       

Year Ago:         36,233

Formula Net

Dressed Steers & Heifers:

Head count priced today:   21,500

Weighted avg. weight:        846.00

Weighted avg. net price:     195.20

        

         

Cattle Slaughter under Federal Inspection:

Wednesday (est)                  120,000

Week ago (est)                     120,000

Year ago (act)                       119,000

Week to Date                       357,000

Same Period Last Week      355,000

Same Period Last Year        352,000

Tuesday

Steers & Heifers:  96,000

Cows & Bulls:        25,000

                                                                                                               

Boxed Beef:

Cutout Values:

Choice: 329.17… -5.26

Select:  289.96… -8.32

Choice/Select Spread: 39.21

Total Load Count: 141

             

Cutter Cow Cutout: 

225.08… +0.55

    

CME Feeder Cattle Index for June 15th: 

140.35… +0.13 / +0.09%

1 Year Change: +9.30%

52 Week Range: 128.01 - 144.04

               

Futures Settlements…

Live Cattle:

June: 122.30… +1.08

August: 124.92… +1.02

October: 129.97… +1.35

    

Feeder Cattle:

August: 157.70… +0.88

September: 159.80… +1.15

October: 161.32… +1.30

      

July Hogs: 115.50… -3.00

July Crude Oil: 72.15… +0.03

    

July Corn: 6.7300… +0.0550

July Wheat: 6.6275… +0.0125

    

Grain Cash Bids: 

Kansas City Corn: 6.84… +0.04

Kansas City Wheat: 5.97… -0.01

    

Financial Markets:

DJIA: 34,034.86… -265.13

S & P 500: 4,223.76… -23.06

NASDAQ: 14,040.96… -31.90

U.S. Dollar Index: 91.17… +0.64