Jun 17 2021

Daily AG Market Summary for 17 June 2021 Posted 3 years 164 days ago by Administrator Account

Daily Market Summary for June 17th

   

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 Thursday, negotiated cash trading has been limited on light demand in Kansas, Nebraska, and the Western Cornbelt. Not enough purchases in any of these regions for a full market trend. Negotiated cash trading in the Texas Panhandle has been at a standstill. On Tuesday in the Southern Plains live purchases traded at 122.00. In Nebraska on Tuesday, live purchases traded at 124.00 and dressed purchases traded at 195.00. In the Western Cornbelt on Wednesday live and dressed purchases traded at 124.00 and 195.00, respectively.

  

Negotiated Sales:

Confirmed:       4,033              

Week Ago:        6,044       

Year Ago:        12,495

Formula Net

Dressed Steers & Heifers:

Head count priced today:   29,300

Weighted avg. weight:        859.00

Weighted avg. net price:     196.30

        

         

Cattle Slaughter under Federal Inspection:

Thursday (est)                      120,000

Week ago (est)                     121,000

Year ago (act)                       119,000

Week to Date                       477,000

Same Period Last Week      476,000

Same Period Last Year        471,000

Wednesday

Steers & Heifers:  93,000

Cows & Bulls:        27,000

                                                                                                               

Boxed Beef:

Cutout Values:

Choice: 326.25… -2.92

Select:  287.24… -2.72

Choice/Select Spread: 39.01

Total Load Count: 118

             

Cutter Cow Cutout: 

225.30… +0.22

    

CME Feeder Cattle Index for June 16th: 

141.28… +0.93 / +0.66%

1 Year Change: +9.94%

52 Week Range: 128.01 - 144.04

               

Futures Settlements…

Live Cattle:

June: 120.10… -2.20

August: 121.10… -3.82

October: 126.57… -3.40

    

Feeder Cattle:

August: 157.40… -0.30

September: 159.10… -0.70

October: 160.70… -0.62

      

July Hogs: 111.00… -4.50

July Crude Oil: 71.04… -1.11

    

July Corn: 6.3300… -0.4000

July Wheat: 6.3900… -0.2375

    

Grain Cash Bids: 

Kansas City Corn: 6.45… -0.40

Kansas City Wheat: 5.70… -0.26

    

Financial Markets:

DJIA: 33,821.68… -213.18

S & P 500: 4,224.19… +0.43

NASDAQ: 14,158.22… +117.26

U.S. Dollar Index: 91.92… +0.79