Jul 15 2021

Texas Daily Ag Market News Summary Posted 3 years 136 days ago by Administrator Account

Daily Market Summary for July 15^th

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Slaughter Cattle:

As of 3:00 PM Thursday, USDA reported in Kansas, Nebraska and Western Cornbelt negotiated cash trading has been limited with light to moderate demand. However, not enough purchases in any price range in any region for a full market trend. Thus far for Thursday in the Texas Panhandle negotiated cash trading has been at a standstill. Tuesday was the last market in the Southern Plains with live purchases at mostly 120.00. In Nebraska Wednesday was the last live purchase market at 123.00. In the Western Cornbelt Wednesday was the last live purchase market from 125.00-125.00. Last week in both Nebraska and Western Cornbelt dressed purchases traded from 196.00-202.00.

 

Negotiated Sales:

Confirmed:       11,677            

Week Ago:        16,869

Year Ago:           7,599

Formula Net

Dressed Steers & Heifers:

Head count priced today:     23,300

Weighted avg. weight:         863.00

Weighted avg. net price:     194.98       

        

Cattle Slaughter under Federal Inspection:

Thursday (est)                      119,000

Week ago (est)                     120,000

Year ago (act)                       117,000

Week to Date                       479,000

Same Period Last Week     367,000

Same Period Last Year       467,000

Wednesday

Steers & Heifers:  94,000

Cows & Bulls:        25,000

                                                                                                              

Boxed Beef:

Cutout Values:

Choice: 269.87… -3.01

Select:  252.48… -1.27

Choice/Select Spread: 17.39

Total Load Count: 142

            

Cutter Cow Cutout:

230.01… -0.12

   

CME Feeder Cattle Index for July 14^th:

152.35… -0.48 / -0.31%

1 Year Change: +12.29%

52 Week Range: 130.15 – 153.82

              

Futures Settlements…

Live Cattle:

August: 121.12… -0.13

October: 126.52… -0.25

December: 131.80… -0.12

   

Feeder Cattle:

August: 157.37… +0.42

September: 159.22… Unchanged

October: 161.20… -0.02

     

August Hogs: 104.30… -0.80

August Crude Oil: 71.65… -1.48

   

September Corn: 5.6425… -0.0400

September Wheat: 6.7200… +0.1775

   

Grain Cash Bids:

Kansas City Corn: 6.51… -0.04

Kansas City Wheat: 6.16… +0.12

   

Financial Markets:

DJIA: 34,984.34… +50.05

S & P 500: 4,360.01… -14.67

NASDAQ: 14,539.74… -97.60

U.S. Dollar Index: 92.61… +0.20