Jun 13 2022

Texas Daily AG Market News Summary Posted 2 years 168 days ago by Administrator Account

Daily Market Summary for June 13^th

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 Monday in the Southern and Northern Plains, negotiated cash trading has been at a standstill. In the Western Cornbelt negotiated cash trading has been mostly inactive on very light demand. Not enough purchases for a market trend. Last week in the Texas Panhandle live purchases traded at 136.00. In Kansas live purchases traded at 137.00. For the prior week in Nebraska live and dressed purchases traded from 141.00-143.00 and from 225.00-226.00, respectively. In Colorado live purchases traded at 141.00. For the previous week in the Western Cornbelt live and dressed purchases traded from 141.00-143.00 and at 225.00, respectively.

Negotiated Sales:

Confirmed:       76

Week Ago:    None

Year Ago:      1,493

Formula Net - Dressed Steers & Heifers:

Head count priced today:   44,300

Weighted avg. weight:         864.00

Weighted avg. net price:     218.37

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Cattle Slaughter under Federal Inspection

Monday (est)                       125,000

Week ago (est)                     125,000

Year ago (act)                       117,000

Friday:

Steers & Heifers:  97,000

Cows & Bulls:        27,000

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Boxed Beef:

Cutout Values:

Choice: 270.54… -0.78

Select:  247.45… -1.44

Choice/Select Spread: 23.09

Total Load Count: 93

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Cutter Cow Cutout:

220.11… -0.78

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CME Feeder Cattle Index for June 10th:

160.29… -1.58 / -0.98%

1 Year Change: +14.81%

52 Week Range: 140.22 to 165.35

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Futures Settlements…

Live Cattle:

June: 134.00… -2.20

August: 133.87… -2.33

October: 139.92… -2.05

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Feeder Cattle:

August: 171.32… -3.15

September: 173.60… -2.45

October: 175.32… -2.23

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July Hogs: 106.67… +1.20

July Crude Oil: 120.93… +0.26

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July Corn: 7.6925… -0.0400

July Wheat: 10.7100… +0.0025

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Grain Cash Bids: 

Omaha Corn: 7.96… -0.02

Kansas City Wheat: 11.32… -0.01

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Financial Markets:

DJIA: 30,521.23… -871.13

S & P 500: 3,750.15… -150.61

NASDAQ: 10,807.82… -532.17

U.S. Dollar Index: 105.19… +1.04