Jul 09 2021

Texas Daily Ag Market News Summary Posted 3 years 143 days ago by Administrator Account

Daily Market Summary for July 9^th

The Daily Market News Report bought to you by The Cattle Range. Please visit their website for more information!

---

Slaughter Cattle:

As of 3:00 PM, USDA reported Friday in Kansas, Nebraska and Western Cornbelt negotiated cash trading has been limited on light demand. In the Texas Panhandle negotiated cash trading has been at a standstill. Not enough purchases for a full market trend in any region. Wednesday in the Texas Panhandle live purchases traded at 120.00. Wednesday in Kansas live purchases traded from 119.00-120.00. Wednesday in Nebraska live and dressed purchases trading from 123.00-125.00 and from 198.00-202.00, respectively. Thursday in the Western Cornbelt live purchases traded from 124.00-126.00 and Wednesday was the last dressed purchase market from 196.00-202.00.

 

Negotiated Sales:

Confirmed:      4,763            

Week Ago:       4,424

Year Ago:         None

Formula Net

Dressed Steers & Heifers:

Head count priced today:    31,200

Weighted avg. weight:         859.00

Weighted avg. net price:     199.22

       

Cattle Slaughter under Federal Inspection:

Friday (est)                           120,000

Week ago (est)                     119,000

Year ago (act)                       116,000

Week to Date                       487,000

Same Period Last Week     590,000

Same Period Last Year       583,000

Thursday

Steers & Heifers:  95,000

Cows & Bulls:        25,000

                                                                                                               

Boxed Beef:

Cutout Values:

Choice: 278.59… -3.38

Select:  257.41… -2.65

Choice/Select Spread: 21.18

Total Load Count: 109

            

Cutter Cow Cutout:

230.24… +0.48

   

CME Feeder Cattle Index for July 8^th:

151.55… +0.04 / +0.03%

1 Year Change: +12.33%

52 Week Range: 130.15 – 151.55

              

Futures Settlements…

Live Cattle:

August: 119.22… -0.05

October: 125.57… +0.12

December: 130.90… +0.63

   

Feeder Cattle:

August: 159.17… +1.85

September: 161.82… +1.80

October: 163.70… +1.58

     

August Hogs: 101.57… +1.20

August Crude Oil: 74.56… +1.62

   

September Corn: 5.2950… -0.0725

September Wheat: 6.1500… -0.0300

   

Grain Cash Bids:

Kansas City Corn: 6.22… -0.07

Kansas City Wheat: 5.70… +0.06

   

Financial Markets:

DJIA: 34,869.17… +450.77

S & P 500: 4,369.38… +48.16

NASDAQ: 14,699.61… +149.85

U.S. Dollar Index: 92.12… -0.30