Jun 09 2022

Texas Daily Ag Market News Summary Posted 2 years 172 days ago by Administrator Account

Daily Market Summary for June 9^th

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 in Nebraska and Western Cornbelt, negotiated cash trading has been limited on light demand. Not enough purchases for a market trend. Wednesday was the last reported market in these regions. In Nebraska live purchases traded from 142.00-143.00 and dressed purchases from 225.00-226.00. In the Western Cornbelt live purchases traded from 142.00-143.00 and dressed, on a light test, at 225.00. Thus far for Thursday in the Southern Plains and Colorado negotiated cash trading has been mostly inactive on very light demand. Not enough purchases for a market trend. Wednesday was the last reported market in the Texas Panhandle and Colorado with live purchases at 136.00 and 141.00, respectively. Last week in Kansas live purchases traded at 135.00.

Negotiated Sales:

Confirmed:        3,746

Week Ago:       14,070

Year Ago:           6,044

Formula Net - Dressed Steers & Heifers:

Head count priced today:   27,200

Weighted avg. weight:         857.00

Weighted avg. net price:     223.69

 

Cattle Slaughter under Federal Inspection

Thursday (est)                     126,000

Week ago (est)                     127,000

Year ago (act)                       122,000

Week to Date                       503,000

Same Period Last Week     381,000

Same Period Last Year       481,000

Wednesday:

Steers & Heifers:  98,000

Cows & Bulls:        28,000

 

Boxed Beef:

Cutout Values:

Choice: 271.10… -0.64

Select:  249.61… +0.20

Choice/Select Spread: 21.49

Total Load Count: 108

 

Cutter Cow Cutout:

220.57... +0.48

 

CME Feeder Cattle Index for June 8^th:

159.80… +1.12 / +0.71%

1 Year Change: +14.42%

52 Week Range: 139.61 to 165.35

 

Futures Settlements…

Live Cattle:

June: 137.05… +0.23

August: 137.20… -0.32

October: 142.65… -0.10

 

Feeder Cattle:

August: 176.02… +0.37

September: 177.37… +0.12

October: 178.70… -0.22

 

July Hogs: 105.00… -2.95

July Crude Oil: 121.51… -0.60

 

July Corn: 7.300… +0.0850

July Wheat: 10.7125… -0.0350

 

Grain Cash Bids:

Omaha Corn: 7.93… +0.09

Kansas City Wheat: 11.24… -0.01

 

Financial Markets:

DJIA: 32,271.80… -637.39

S & P 500: 4,017.26… -98.72

NASDAQ: 11,753.78… -322.36

U.S. Dollar Index: 103.33… +0.79