Jul 26 2021

Texas Daily Ag Market News Summary Posted 3 years 125 days ago by Administrator Account

Daily Market Summary for July 26^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 Monday, negotiated cash trading has been mostly inactive on very light demand in Kansas and the Western Cornbelt. Not enough purchases in either region for a full market trend. Negotiated cash trading has been at a standstill in all other major feeding regions. Last week in the Southern Plains live purchases traded at 119.00. In Nebraska last week live and dressed purchases traded from 120.00-123.00 and at 195.00, respectively. In the Western Cornbelt last week live and dressed purchases traded from 120.00-124.00 and from 195.00-202.00, respectively.

 

Negotiated Sales:

Confirmed:             487            

Week Ago:              229

Year Ago:                677

 

Formula Net

Dressed Steers & Heifers:

Head count priced today:   36,200

Weighted avg. weight:        862.00

Weighted avg. net price:    193.68     

 

Cattle Slaughter under Federal Inspection:

Monday (est)                          119,000

Week ago (est)                       115,000

Year ago (act)                         117,000

 

Friday

Steers & Heifers:  86,000

Cows & Bulls:        24,000

 

Saturday

Steers & Heifers:  58,000

Cows & Bulls:        13,000

 

Boxed Beef:

Cutout Values:

Choice: 267.93… +1.30

Select:  250.92… +0.98

Choice/Select Spread: 17.01

Total Load Count: 106

 

Cutter Cow Cutout:

230.20… -0.58

 

CME Feeder Cattle Index for July 23^rd:

153.85… +1.82 / +1.20%

1 Year Change: +9.90%

52 Week Range: 130.15 to 153.85

 

Futures Settlements…

Live Cattle:

August: 123.45… +1.95

October: 129.20… +2.05

December: 133.98… +1.68

 

Feeder Cattle:

August: 162.20… +2.13

September: 164.82… +2.30

October: 166.45… +1.95

 

August Hogs: 107.40… +0.05

 

September Crude Oil: 71.91… -0.16

 

September Corn: 5.4975… +0.0250

 

September Wheat: 6.7700… -0.0700

 

Grain Cash Bids:

Kansas City Corn: 6.27… +0.03

Kansas City Wheat: 6.15… -0.07

 

Financial Markets:

DJIA: 35,144.91… +83.22

S & P 500: 4,422.37… +10.50

NASDAQ: 14,839.90… +5.44

U.S. Dollar Index: 92.64… -0.27