Jun 30 2021

Texas Daily Ag Market News Summary Posted 3 years 151 days ago by Administrator Account

Daily Market Summary for June 30^th

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Slaughter Cattle:

As of 3:00 PM, USDA reported Wednesday negotiated cash trading and demand in Kansas were light to moderate. Compared to the latest reported market in Kansas 2 weeks ago, live purchases traded steady to 2.00 lower from 120.00-122.00. Negotiated cash trading in Nebraska has been light to moderate on light demand. Compared to the latest reported live market on Monday, live purchases traded 0.50 to 1.50 lower from 125.00-126.00, and dressed purchases traded 1.00 higher at 198.00 compared to the latest reported dressed market last week. Negotiated cash trading in the Texas Panhandle and the Western Cornbelt has been limited on light demand with a few live and dressed purchases in the Western Cornbelt at 126.00 and 198.00, respectively, however not enough purchases in either region for a full market trend. On Tuesday in the Texas Panhandle live purchases traded from 121.25-122.00. Last week in the Western Cornbelt live purchases traded from 125.00-126.00 and dressed purchases traded at 197.00.

 

Negotiated Sales:

Confirmed:     31,355             

Week Ago:        8,445      

Year Ago:        39,310

Formula Net

Dressed Steers & Heifers:

Head count priced today:   17,800

Weighted avg. weight:         863.00

Weighted avg. net price:     200.12

       

Cattle Slaughter under Federal Inspection:

Wednesday (est)                  120,000

Week ago (est)                     121,000

Year ago (act)                       120,000

Week to Date                       238,000

Same Period Last Week     239,000

Same Period Last Year       237,000

Tuesday

Steers & Heifers:  94,000

Cows & Bulls:        24,000

                                                                                                              

Boxed Beef:

Cutout Values:

Choice: 291.29… -1.05

Select:  269.27… -1.13

Choice/Select Spread: 22.02

Total Load Count: 131

            

Cutter Cow Cutout:

229.05… -2.16

   

CME Feeder Cattle Index for June 29^th:

147.10… +0.38 / +0.26%

1 Year Change: +13.92%

52 Week Range: 128.88 – 147.10

              

Futures Settlements…

Live Cattle:

June: 122.50… -0.05

August: 122.72… +0.80

October: 128.15… +0.40

   

Feeder Cattle:

August: 154.62… -2.78

September: 157.42… -2.38

October: 159.52… -2.05

     

July Hogs: 107.47… +0.50

July Crude Oil: 73.47… +0.49

   

July Corn: 7.2000… -0.2550

July Wheat: 6.7150… +0.3175

   

Grain Cash Bids:

Kansas City Corn: 7.32… +0.25

Kansas City Wheat: 6.35… +0.32

   

Financial Markets:

DJIA: 34,502.58… +210.29

S & P 500: 4,296.87… +5.07

NASDAQ: 14,503.99… -24.35

U.S. Dollar Index: 92.34… +0.29