Jun 23 2021

Texas Daily Ag Market News Summary Posted 3 years 158 days ago by Administrator Account

Daily Market Summary for June 23^rd

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 Wednesday in Nebraska and Western Cornbelt, negotiated cash trading has been limited on light to moderate demand. In Nebraska a few live and dressed purchases traded at 126.00 and 197.00, respectively. So far for Wednesday in the Southern Plains negotiated cash trading has been mostly inactive on light demand. However, not enough purchases in any region for a full market trend. For the prior week in Nebraska and Western Cornbelt live and dressed purchases traded at 124.00 and 195.00, respectively. Last week in the Southern Plains live purchases traded at 122.00.

 

Negotiated Sales:

Confirmed:       8,509             

Week Ago:      21,311      

Year Ago:        36,233

Formula Net

Dressed Steers & Heifers:

Head count priced today:   25,900

Weighted avg. weight:         845.00

Weighted avg. net price:     198.23

       

Cattle Slaughter under Federal Inspection:

Wednesday (est)                  117,000

Week ago (est)                     120,000

Year ago (act)                       118,000

Week to Date                       356,000

Same Period Last Week    577,000

Same Period Last Year      351,000

Tuesday

Steers & Heifers:  96,000

Cows & Bulls:        25,000

                                                                                                               

Boxed Beef:

Cutout Values:

Choice: 312.05… -3.70

Select:  275.41… -4.34

Choice/Select Spread: 36.64

Total Load Count: 119

            

Cutter Cow Cutout:

228.35… +1.16

   

CME Feeder Cattle Index for June 22^nd:

145.44… +0.20 / +0.14%

1 Year Change: +12.64%

52 Week Range: 128.88 – 145.44

              

Futures Settlements…

Live Cattle:

June: 122.50… -0.60

August: 122.87… -0.30

October: 128.17… -0.20

   

Feeder Cattle:

August: 155.70… -2.65

September: 158.07… -2.28

October: 159.97… -2.15

     

July Hogs: 104.52… -3.00

July Crude Oil: 73.08… +0.23

   

July Corn: 6.6425… +0.0450

July Wheat: 6.6125… +0.1025

   

Grain Cash Bids:

Kansas City Corn: 6.76… +0.04

Kansas City Wheat: 5.97… +0.15

   

Financial Markets:

DJIA: 33,873.19… -72.52

S & P 500: 4,241.89… -4.56

NASDAQ: 14,270.52… +17.25

U.S. Dollar Index: 91.87… +0.11