Jun 15 2022

Texas Daily Ag Market News Summary Posted 2 years 166 days ago by Administrator Account

Daily Market Summary for June 15^th

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Slaughter Cattle:

As of 3:00 PM Wednesday in Nebraska and Western Cornbelt, negotiated cash trading has been slow with light to moderate demand. In Nebraska a few live and dressed purchases traded steady with the last reported market on Tuesday at 145.00 and 230.00, respectively. In the Western Cornbelt a few live purchases traded at 145.00. However, not enough purchases for a market trend. Tuesday was the last reported market with live and dressed purchases from 144.00-145.00 and at 230.00, respectively. Thus far for Wednesday in the Southern Plains and Colorado negotiated cash trading has been mostly inactive on very light demand. Not enough purchases for a market trend. Tuesday was the last reported market in the Texas Panhandle and Colorado with live purchases from 136.00- 138.00 and 145.00, respectively. Last week in Kansas live purchases traded at 138.00.

Negotiated Sales:

Confirmed:       9,422

Week Ago:      28,420

Year Ago:         21,311

Formula Net - Dressed Steers & Heifers:

Head count priced today:   24,800

Weighted avg. weight:         860.00

Weighted avg. net price:     219.94

 

Cattle Slaughter under Federal Inspection

Wednesday (est)                 126,000

Week ago (est)                     126,000

Year ago (act)                       121,000

Week to Date                       368,000

Same Period Last Week     377,000

Same Period Last Year       360,000

Tuesday:

Steers & Heifers:  94,000

Cows & Bulls:        28,000

 

Boxed Beef:

Cutout Values:

Choice: 268.22… -1.22

Select:  245.68… -1.14

Choice/Select Spread: 22.54

Total Load Count: 134

 

Cutter Cow Cutout:

220.01… -1.20

 

CME Feeder Cattle Index for June 14^th:

160.08… -0.10 / -0.06%

1 Year Change: +14.06%

52 Week Range: 140.35 to 165.35

 

Futures Settlements…

Live Cattle:

June: 137.55… +2.35

August: 136.80… +2.73

October: 142.22… +2.07

 

Feeder Cattle:

August: 173.27… +1.97

September: 175.10… +1.75

October: 176.80… +1.53

 

July Hogs: 108.27… +1.65

July Crude Oil: 115.31… -3.62

 

July Corn: 7.7400… +0.0575

July Wheat: 10.5000… -0.0025

 

Grain Cash Bids:

Omaha Corn: 7.91… -0.08

Kansas City Wheat: 11.03… -0.09

 

Financial Markets:

DJIA: 30,668.27… +302.32

S & P 500: 3,789.00… +52.61

NASDAQ: 11,094.98… +268.97

U.S. Dollar Index: 104.85… -0.68