Jul 02 2021

Texas Daily Ag Market News Summary Posted 3 years 149 days ago by Administrator Account

Daily Market Summary for July 2^nd

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Slaughter Cattle:

As of 3:00 PM, USDA reported Friday negotiated cash trading has been limited on light demand in Nebraska and the Western Cornbelt. Not enough purchases in either region for a full market trend. Negotiated cash trading in the Southern Plains has been at a standstill. In Kansas on Wednesday, live purchases traded from 120.00-122.00. In the Texas Panhandle on Tuesday, live purchases traded from 121.25- 122.00. On Wednesday in Nebraska live and dressed purchases traded from 125.00-126.00 and at 198.00, respectively. In the Western Cornbelt on Wednesday, live and dressed purchases traded from 124.00-126.00 and from 197.00-198.00, respectively.

 

Negotiated Sales:

Confirmed:       4,424             

Week Ago:        1,944      

Year Ago:          None

Formula Net

Dressed Steers & Heifers:

Head count priced today:   23,100

Weighted avg. weight:         854.00

Weighted avg. net price:     200.98

       

Cattle Slaughter under Federal Inspection:

Friday (est)                           113,000

Week ago (est)                     116,000

Year ago (act)                       107,000

Week to Date                       590,000

Same Period Last Week     591,000

Same Period Last Year       581,000

Thursday

Steers & Heifers:  95,000

Cows & Bulls:        24,000

                                                                                                               

Boxed Beef:

Cutout Values:

Choice: 285.44… -2.21

Select:  264.41… -2.52

Choice/Select Spread: 21.03

Total Load Count: 103

            

Cutter Cow Cutout:

230.00… +0.67

   

CME Feeder Cattle Index for July 1^st:

145.96… -0.35 / -0.24%

1 Year Change: +13.25%

52 Week Range: 128.88 – 147.10

              

Futures Settlements…

Live Cattle:

August: 122.00… -1.57

October: 128.07… -1.18

December: 132.77… -0.43

   

Feeder Cattle:

August: 157.05… +0.73

September: 159.42… 0.35

October: 161.47… +0.40

     

August Hogs: 100.22… -0.08

August Crude Oil: 75.16… -0.07

   

September Corn: 5.9200… -0.0975

September Wheat: 6.5275… -0.1275

    

Grain Cash Bids:

Kansas City Corn: 6.84… -0.10

Kansas City Wheat: 5.95… -0.19

   

Financial Markets:

DJIA: 34,789.70… +156.17

S & P 500: 4,352.78… +32.84

NASDAQ: 14,636.14… +113.76

U.S. Dollar Index: 92.25… -0.34