Jun 03 2022

Texas Daily Ag Market News Summary Posted 3 years 39 days ago by

Daily Market Summary for June 3^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, negotiated cash trading has been limited on light demand in Kansas, Nebraska, and the Western Cornbelt. Not enough purchases for a market trend. Negotiated cash trading has been at a standstill in the Texas Panhandle. 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:       6,314

Week Ago:        4,112

Year Ago:          6,312

Formula Net - Dressed Steers & Heifers:

Head count priced today:   27,500

Weighted avg. weight:        856.00

Weighted avg. net price:     223.57

 

Cattle Slaughter under Federal Inspection

Friday (est)                           126,000

Week ago (est)                     120,000

Year ago (act)                        120,000

Week to Date                       507,000

Same Period Last Week      619,000

Same Period Last Year       445,000

Thursday

Steers & Heifers:  99,000

Cows & Bulls:        28,000

 

Boxed Beef:

Cutout Values:

Choice: 267.26… +0.61

Select:  250.02… +0.39

Choice/Select Spread: 17.24

Total Load Count: 88

 

Cutter Cow Cutout:

220.48… +0.85

 

CME Feeder Cattle Index for June 2^nd:

153.48… +0.12 / +0.08%

1 Year Change: +12.32%

52 Week Range: 136.65 to 165.35

 

Futures Settlements…

Live Cattle:

June: 133.60… -0.02

August: 133.85… -0.27

October: 139.70… +0.08

 

Feeder Cattle:

August: 173.87… +0.92

September: 176.30… +0.83

October: 178.27… +0.60

 

July Hogs: 110.75… -1.42

July Crude Oil: 118.87… +2.00

 

July Corn: 7.2700… -0.0325

July Wheat: 10.4000… -0.1825

 

Grain Cash Bids:

Omaha Corn: 7.47… -0.03

Kansas City Wheat: 10.93… -0.21

 

Financial Markets:

DJIA: 32,898.91… -348.98

S & P 500: 4,108.44… -68.48

NASDAQ: 12,011.71… -305.92

U.S. Dollar Index: 102.16… +0.34