Jun 10 2022

Texas Daily Ag Market News Summary Posted 2 years 171 days ago by Administrator Account

Daily Market Summary for June 10^th

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Slaughter Cattle:

As of 3:00 PM Friday in Kansas, negotiated cash trading slow to moderate with moderate demand. Compared to last week the bulk of live purchases traded 2.00 higher at 137.00, with a few up to 140.00. In the Texas Panhandle negotiated cash trading has been limited on light demand. A few live purchases traded at 137.00. However, not enough purchases for a full market trend. Wednesday was the last reported market with live purchases at 136.00. Thus far for Friday in Nebraska and Western Cornbelt negotiated cash trading has been mostly inactive on light demand. In Colorado negotiated cash trading has been at a standstill. Not enough purchases in these regions for a market trend. Wednesday was the last reported market in these feeding areas. 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. In Colorado live purchases traded at 141.00.

Negotiated Sales:

Confirmed:       11,951

Week Ago:          6,314

Year Ago:            2,733

Formula Net - Dressed Steers & Heifers:

Head count priced today:   27,000

Weighted avg. weight:         855.00

Weighted avg. net price:     218.78

 

Cattle Slaughter under Federal Inspection

Friday (est)                           124,000

Week ago (est)                     126,000

Year ago (act)                       119,000

Week to Date                       627,000

Same Period Last Week     507,000

Same Period Last Year       600,000

Thursday:

Steers & Heifers:  98,000

Cows & Bulls:        28,000

 

Boxed Beef:

Cutout Values:

Choice: 271.32… +0.22

Select:  248.89… -0.72

Choice/Select Spread: 22.43

Total Load Count: 110

 

Cutter Cow Cutout:

220.89… +0.32

 

CME Feeder Cattle Index for June 9^th:

161.87… +2.07 / +1.30%

1 Year Change: +15.43%

52 Week Range: 139.61 to 165.35

 

Futures Settlements…

Live Cattle:

June: 136.20… -0.85

August: 136.20… -1.00

October: 141.97… -0.68

 

Feeder Cattle:

August: 174.47… -1.55

September: 176.05… -1.32

October: 177.55… -1.15

 

July Hogs: 105.47… +0.47

July Crude Oil: 120.67… -0.84

 

July Corn: 7.325… +0.0025

July Wheat: 10.7075… -0.0050

 

Grain Cash Bids:

Omaha Corn: 7.98… +0.05

Kansas City Wheat: 11.33… +0.09

 

Financial Markets:

DJIA: 31,392.36… -879.44

S & P 500: 3,900.76… -116.50

NASDAQ: 11,339.99… -413.79

U.S. Dollar Index: 104.16… +0.94