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weekly-market-recap2

Jun
02
2022

Texas Daily Ag Market News Summary

Posted 246 days ago ago by Administrator Account

Daily Market Summary for June 2nd

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 Thursday, negotiated cash trading has been limited on light demand in all major feeding regions. Not enough purchases for a market trend. Wednesday was the last reported market in any region. In the Southern Plains live purchases traded at 135.00. In Nebraska live and dressed purchases traded at 139.00 and 222.00, respectively. In the Western Cornbelt live and dressed purchases traded at 140.00 and 222.00, respectively.

Negotiated Sales:

Confirmed:     14,070

Week Ago:        8,833

Year Ago:        13,521

Formula Net - Dressed Steers & Heifers:

Head count priced today:   22,500

Weighted avg. weight:        879.00

Weighted avg. net price:     224.24

 

Cattle Slaughter under Federal Inspection

Thursday (est)                     127,000

Week ago (est)                     124,000

Year ago (act)                       119,000

Week to Date                       381,000

Same Period Last Week     499,000

Same Period Last Year       325,000

Wednesday

Steers & Heifers:  101,000

Cows & Bulls:         24,000

 

Boxed Beef:

Cutout Values:

Choice: 266.65… -0.77

Select:  249.63… +0.72

Choice/Select Spread: 17.02

Total Load Count: 131

 

Cutter Cow Cutout:

219.63… +0.39

 

CME Feeder Cattle Index for June 1st:

153.48… +0.12 / +0.08%

1 Year Change: +12.32%

52 Week Range: 136.65 to 165.35

 

Futures Settlements…

Live Cattle:

June: 133.62… +0.82

August: 134.12… +1.22

October: 139.62… +1.72

 

Feeder Cattle:

August: 172.95… +3.23

September: 175.47… +3.07

October: 177.67… +2.90

 

July Hogs: 112.17… -0.25

July Crude Oil: 116.87… +1.61

 

July Corn: 7.3025… -0.0100

July Wheat: 10.5825… +0.1700

 

Grain Cash Bids:

Omaha Corn: 7.50… -0.01

Kansas City Wheat: 11.16… +0.18

 

Financial Markets:

DJIA: 33,247.89… +434.60

S & P 500: 4,176.92… +71.14

NASDAQ: 12,317.63… +307.34

U.S. Dollar Index: 101.79… -0.71