Jul 28 2021

Texas Daily Ag Market Summary Posted 3 years 123 days ago by Administrator Account

Daily Market Summary for July 28^th

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 Wednesday, negotiated cash trading has been limited on light demand in all major feeding regions. Not enough purchases in any region for a full market trend. 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:            5,188             

Week Ago:           21,988

Year Ago:             21,004

 

Formula Net

Dressed Steers & Heifers:

Head count priced today:   24,500

Weighted avg. weight:        856.00

Weighted avg. net price:    195.29     

         

Cattle Slaughter under Federal Inspection:

Wednesday (est)                    120,000

Week ago (est)                       117,000

Year ago (act)                         119,000

Week to Date                        358,000

Same Period Last Week      349,000

Same Period Last Year        355,000

Tuesday

Steers & Heifers:  94,000

Cows & Bulls:       25,000

                                                                                                             

Boxed Beef:

Cutout Values:

Choice: 273.16… +3.43

Select:  256.12… +2.18

Choice/Select Spread: 17.04

Total Load Count: 136

             

Cutter Cow Cutout:

229.01… -2.03

    

CME Feeder Cattle Index for July 27th:

154.36… +0.39 / +0.25%

1 Year Change: +10.39%

52 Week Range: 130.15 to 154.36

               

Futures Settlements…

Live Cattle:

August: 123.07… +0.15

October: 128.52… +0.10

December: 133.50… +0.03

    

Feeder Cattle:

August: 160.17… -0.53

September: 163.45… -0.55

October: 165.57… -0.38

      

August Hogs: 105.70… -1.77

September Crude Oil: 72.39… +0.74

    

September Corn: 5.4925… +0.0050

September Wheat: 6.8875… +0.1425

    

Grain Cash Bids:

Kansas City Corn: 6.26… Unchanged

Kansas City Wheat: 6.36… +0.18

    

Financial Markets:

DJIA: 34,930.40… -129.24

S & P 500: 4,400.62… -1.66

NASDAQ: 14,762.56… +106.44

U.S. Dollar Index: 92.27… -0.16