Jun 18 2021

Daily AG Market Summary for 18 June, 2021 Posted 3 years 163 days ago by Administrator Account

Daily Market Summary for June 18th

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Slaughter Cattle:

As of 3:00 PM Friday, negotiated cash trading has been limited on light demand in all major feeding regions. Not enough purchases for a full market trend. Tuesday was the last reported market in the Southern Plains, with live purchases at 122.00. In Nebraska on Tuesday and the Western Cornbelt on Wednesday, live purchases traded at 124.00 and dressed purchases traded at 195.00.

  

Negotiated Sales:

Confirmed:       2,756              

Week Ago:        2,733       

Year Ago:          2,142

Formula Net

Dressed Steers & Heifers:

Head count priced today:   25,100

Weighted avg. weight:        852.00

Weighted avg. net price:     194.11

        

         

Cattle Slaughter under Federal Inspection:

Friday (est)                            117,000

Week ago (est)                     119,000

Year ago (act)                       117,000

Week to Date                       594,000

Same Period Last Week     595,000

Same Period Last Year       588,000

Thursday

Steers & Heifers:  95,000

Cows & Bulls:        25,000

                                                                                                               

Boxed Beef:

Cutout Values:

Choice: 323.28… -2.97

Select:  283.61… -3.63

Choice/Select Spread: 39.67

Total Load Count: 87

             

Cutter Cow Cutout: 

226.60… +1.30

    

CME Feeder Cattle Index for June 19th: 

141.28… +0.93 / +0.66%

1 Year Change: +9.94%

52 Week Range: 128.01 - 144.04

               

Futures Settlements…

Live Cattle:

June: 121.05… +0.95

August: 121.55… +0.45

October: 126.95… +0.38

    

Feeder Cattle:

August: 155.02… -2.38

September: 157.22… -1.88

October: 159.05… -1.65

      

July Hogs: 108.67… -2.33

July Crude Oil: 71.64… +0.60

    

July Corn: 6.5525… +0.2225

July Wheat: 6.6275… +0.2375

    

Grain Cash Bids: 

Kansas City Corn: 6.67… +0.22

Kansas City Wheat: 5.92… +0.22

    

Financial Markets:

DJIA: 33,291.14… -530.54

S & P 500: 4,166.35… -57.84

NASDAQ: 14,030.38… -127.84

U.S. Dollar Index: 92.24… +0.35