Jul 22 2021

Texas Daily Ag Market News Summary Posted 3 years 129 days ago by Administrator Account

Daily Market Summary for July 22^nd

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 moderate demand. In Nebraska dressed purchases traded steady at 195.00 with Wednesday the last reported dressed market. Not enough live purchases for a market trend. The last live purchase market was Wednesday from 122.00-123.00. In the Western Cornbelt not enough purchases for a market trend. Wednesday was the last reported market with live purchases at 120.00 and dressed purchases from 195.00-202.00. So of Thursday in the Southern Plains negotiated cash trading has been mostly inactive on light demand. Not enough purchases for a market trend. Wednesday was the last reported market with live purchases at 120.00.

 

Negotiated Sales:

Confirmed:       13,640            

Week Ago:        11,677

Year Ago:           7,024

 

Formula Net

Dressed Steers & Heifers:

Head count priced today:   29.300

Weighted avg. weight:         860.00

Weighted avg. net price:     197.35      

 

Cattle Slaughter under Federal Inspection:

Thursday (est)                        118,000

Week ago (est)                       119,000

Year ago (act)                         120,000

Week to Date                         467,000

Same Period Last Week        479,000

Same Period Last Year          468,000

Wednesday

Steers & Heifers:  90,000

Cows & Bulls:        27,000

 

Boxed Beef:

Cutout Values:

Choice: 266.14… +0.90

Select:  249.77… +1.00

Choice/Select Spread: 16.37

Total Load Count: 118

 

Cutter Cow Cutout:

229.24… -0.51

 

CME Feeder Cattle Index for July 21^st:

151.39… +0.68 / +0.45%

1 Year Change: +9.73%

52 Week Range: 130.15 to 153.82

 

Futures Settlements…

Live Cattle:

August: 120.80… +0.75

October: 126.68… +1.43

December: 131.85… +0.80

 

Feeder Cattle:

August: 158.20… +1.43

September: 160.70… +1.40

October: 162.62… +1.52

 

August Hogs: 106.65… +0.08

 

September Crude Oil: 71.91… +1.61

 

September Corn: 5.6450… -0.0725

 

September Wheat: 6.9225… -0.1850

 

Grain Cash Bids:

Kansas City Corn: 6.42… -0.07

Kansas City Wheat: 6.30… -0.15

 

Financial Markets:

DJIA: 34,817.19… +19.45

S & P 500: 4,367.51… +8.85

NASDAQ: 14,682.41… +50.46

U.S. Dollar Index: 92.81… +0.06