Jul 23 2021

Texas Daily Ag Market News Summary Posted 3 years 128 days ago by Administrator Account

Daily Market Summary for July 23^rd

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 Friday in the Southern Plains and Nebraska, negotiated cash trading has been at a standstill. In the Western Cornbelt negotiated cash trading has been mostly inactive on light demand. Not enough purchases for a market trend. In the Texas Panhandle on Thursday live purchases traded at 119.00. In Kansas on Wednesday live purchases traded at 119.00. In Nebraska on Thursday dressed purchases traded at 195.00 and on Wednesday live purchases traded from 122.00-123.00. In the Western Cornbelt on Thursday live and dressed purchases traded at 124.00 and 195.00, respectively.

 

Negotiated Sales:

Confirmed:             613            

Week Ago:           3,932

Year Ago:             2,759

 

Formula Net

Dressed Steers & Heifers:

Head count priced today:   21,600

Weighted avg. weight:        884.00

Weighted avg. net price:    195.63     

 

Cattle Slaughter under Federal Inspection:

Friday (est)                             114,000

Week ago (est)                      118,000

Year ago (act)                        111,000

Week to Date                        581,000

Same Period Last Week      597,000

Same Period Last Year        579,000

Thursday

Steers & Heifers:  92,000

Cows & Bulls:       26,000                                                                                                              

 

Boxed Beef:

Cutout Values:

Choice: 266.63… +0.49

Select:  249.94… +0.17

Choice/Select Spread: 16.69

Total Load Count: 131

            

Cutter Cow Cutout:

230.78… +1.54

 

CME Feeder Cattle Index for July 22^nd:

152.03… +0.64 / +0.42%

1 Year Change: +9.04%

52 Week Range: 130.15 to 153.82

 

Futures Settlements…

Live Cattle:

August: 121.50… +0.70

October: 127.15… +0.47

December: 132.30… +0.45

 

Feeder Cattle:

August: 160.07… +1.87

September: 162.52… +1.82

October: 164.50… +1.88

 

August Hogs: 107.35… +0.70

 

September Crude Oil: 71.91

 

September Corn: 5.4725… -0.1725

 

September Wheat: 6.8400… -0.0825

 

Grain Cash Bids:

Kansas City Corn: 6.24… -0.18

Kansas City Wheat: 6.21… -0.09

 

Financial Markets:

DJIA: 35,061.69… +244.50

S & P 500: 4,411.87… +44.36

NASDAQ: 14,834.46… +152.05

U.S. Dollar Index: 92.88… +0.06