Jun 08 2022

Texas Daily Ag Market News Summary Posted 2 years 173 days ago by Administrator Account

Daily Market Summary for June 8^th

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Slaughter Cattle:

As of 3:00 PM Wednesday, negotiated cash trading and demand have been moderate in the Texas Panhandle and Northern Plains. Tuesday was the last reported live purchase market in these regions. In the Texas Panhandle live purchases traded steady at 136.00. In Nebraska live purchases traded 1.00-2.00 higher from 142.00-143.00. Compared to last week dressed purchases traded 3.00-4.00 higher from 225.00-226.00, with a few up to 228.00. In Colorado live purchases traded steady at 141.00. So far for Wednesday in the Western Cornbelt negotiated cash trading has been limited with moderate demand. Thus far for the week live purchases have traded steady to 2.00 higher from 141.00-142.00. Not enough dressed purchases for a full market trend. Last week dressed purchases traded at 222.00. In Kansas negotiated cash trading has been mostly inactive on light demand. Not enough live purchases for a market trend. Last week live purchases traded at 135.00.

Negotiated Sales:

Confirmed:      28,302

Week Ago:       14,385

Year Ago:         20,934

Formula Net - Dressed Steers & Heifers:

Head count priced today:   21,600

Weighted avg. weight:        852.00

Weighted avg. net price:     221.38

 

Cattle Slaughter under Federal Inspection

Wednesday (est)                 126,000

Week ago (est)                     125,000

Year ago (act)                       121,000

Week to Date                       377,000

Same Period Last Week     254,000

Same Period Last Year       359,000

Tuesday:

Steers & Heifers:  98,000

Cows & Bulls:        27,000

 

Boxed Beef:

Cutout Values:

Choice: 271.74… +0.32

Select:  249.41… -0.15

Choice/Select Spread: 22.23

Total Load Count: 121

 

Cutter Cow Cutout:

220.09… -0.82

 

CME Feeder Cattle Index for June 7^th:

158.68… +0.19 / +0.12%

1 Year Change: +13.31%

52 Week Range: 139.61 to 165.35

 

Futures Settlements…

Live Cattle:

June: 136.82… +3.10

August: 137.52… +3.40

October: 142.75… +2.68

 

Feeder Cattle:

August: 175.65… +3.20

September: 177.25… +2.50

October: 178.92… +2.07

 

July Hogs: 107.95… -1.32

July Crude Oil: 122.11… +2.70

 

July Corn: 7.6450… +0.0750

July Wheat: 10.7475… +0.0300

 

Grain Cash Bids:

Omaha Corn: 7.84… +0.06

Kansas City Wheat: 11.25… +0.06

 

Financial Markets:

DJIA: 32,909.19… -270.62

S & P 500: 4,115.98… -44.27

NASDAQ: 12,076.14… -96.12

U.S. Dollar Index: 102.56… +0.24