Jun 06 2022

Texas Daily Ag Market News Summary Posted 3 years 40 days ago by Administrator Account

Daily Market Summary for June 6^th

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Slaughter Cattle:

As of 3:00 PM Monday, negotiated cash trading has been at a standstill in all feeding regions. Last week in the Southern Plains live purchases traded at 135.00. For the prior week in Nebraska live and dressed purchases traded from 139.00-140.00 and at 222.00, respectively. For the previous week live and dressed purchases traded from 140.00-141.00 and at 222.00, respectively.

Negotiated Sales:

Confirmed:       None

Week Ago:        None

Year Ago:             214

Formula Net - Dressed Steers & Heifers:

Head count priced today:   46,200

Weighted avg. weight:        856.00

Weighted avg. net price:     220.06

 

Cattle Slaughter under Federal Inspection

Monday (est)                        125,000

Week ago (est)                          3,000

Year ago (act)                        117,000

Friday

Steers & Heifers:  98,000

Cows & Bulls:        28,000

 

Boxed Beef:

Cutout Values:

Choice: 269.58… +2.32

Select:  251.09… +1.07

Choice/Select Spread: 18.49

Total Load Count: 70

 

Cutter Cow Cutout:

220.14… -0.34

 

CME Feeder Cattle Index for June 3^rd:

158.53… +4.24 / +2.75%

1 Year Change: +12.38%

52 Week Range: 139.61 to 165.35

 

Futures Settlements…

Live Cattle:

June: 132.82… -0.78

August: 132.90… -0.95

October: 139.10… -0.60

 

Feeder Cattle:

August: 171.97… -1.90

September: 174.55… -1.75

October: 176.82… -1.45

 

July Hogs: 108.97… -1.78

July Crude Oil: 118.50… -0.37

 

July Corn: 7.4250… +0.1550

July Wheat: 10.9300… +0.5300

 

Grain Cash Bids:

Omaha Corn: 7.59… +0.12

Kansas City Wheat: 11.40… +0.47

 

Financial Markets:

DJIA: 32,914.20… +15.29

S & P 500: 4,121.26… +12.82

NASDAQ: 12,052.57… +40.86

U.S. Dollar Index: 102.40… +0.26