Jun 24 2021

Texas Daily Ag Market News Summary Posted 3 years 157 days ago by Administrator Account

Daily Market Summary for June 24^th

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 in Nebraska and Western Cornbelt, negotiated cash trading has been limited on light demand. In Nebraska a few live purchases traded from 125.00-126.00. So far for Wednesday in the Southern Plains negotiated cash trading has been mostly inactive on light demand. However, not enough purchases in any price range 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:       9,460             

Week Ago:        4,033      

Year Ago:       12,495

Formula Net

Dressed Steers & Heifers:

Head count priced today:   23.500

Weighted avg. weight:         856.00

Weighted avg. net price:     198.92

       

Cattle Slaughter under Federal Inspection:

Thursday (est)                      119,000

Week ago (est)                     120,000

Year ago (act)                       118,000

Week to Date                       475,000

Same Period Last Week     477,000

Same Period Last Year      469,000

Tuesday

Steers & Heifers:  91,000

Cows & Bulls:        26,000

                                                                                                               

Boxed Beef:

Cutout Values:

Choice: 307.42… -4.63

Select:  276.14… +0.73

Choice/Select Spread: 31.28

Total Load Count: 132

            

Cutter Cow Cutout:

228.38… +0.03

   

CME Feeder Cattle Index for June 23^rd:

146.49… +1.05 / +0.72%

1 Year Change: +12.84%

52 Week Range: 128.88 – 146.49

              

Futures Settlements…

Live Cattle:

June: 122.82… +0.32

August: 122.62… -0.25

October: 128.27… -0.10

   

Feeder Cattle:

August: 157.15… +1.45

September: 159.20… +1.13

October: 161.10… +1.13

     

July Hogs: 100.02… -4.50

July Crude Oil: 73.30… +0.22

   

July Corn: 6.5325… -0.1100

July Wheat: 6.5125… -0.1000

   

Grain Cash Bids:

Kansas City Corn: 6.65… -0.11

Kansas City Wheat: 5.91… -0.06

   

Financial Markets:

DJIA: 34,197.08… +323.89

S & P 500: 4,266.49… +24.60

NASDAQ: 14,368.22… +97.70

U.S. Dollar Index: 91.81… +0.01