Jun 17 2022

Texas Daily Ag Market News Summary Posted 2 years 164 days ago by Administrator Account

Daily Market Summary for June 17^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 Friday in all regions, negotiated cash trading has been mostly inactive on light demand. Not enough purchases for a market trend in any region. In the Southern Plains Thursday was the last reported live purchase market at 140.00. In the Western Cornbelt the last reported market was on Wednesday with live and dressed purchases from 140.00-146.00 and at 230.00, respectively. In the Northern Plains Tuesday was the last reported market with live purchases at 145.00, and dressed purchases, in Nebraska, at 230.00.

Negotiated Sales:

Confirmed:       1,478

Week Ago:      11,951

Year Ago:          2,756

Formula Net - Dressed Steers & Heifers:

Head count priced today:   35,000

Weighted avg. weight:         850.00

Weighted avg. net price:     222.71

 

Cattle Slaughter under Federal Inspection

Friday (est)                           124,000

Week ago (est)                     124,000

Year ago (act)                       118,000

Week to Date                       619,000

Same Period Last Week     627,000

Same Period Last Year       599,000

Tuesday:

Steers & Heifers:  99,000

Cows & Bulls:        28,000

 

Boxed Beef:

Cutout Values:

Choice: 266.26… -0.90

Select:  246.53… +1.15

Choice/Select Spread: 21.78

Total Load Count: 106

 

Cutter Cow Cutout:

220.19… +0.04

 

CME Feeder Cattle Index for June 16^th:

162.17… +1.61 / +1.00%

1 Year Change: +14.79%

52 Week Range: 145.24 to 165.35

 

Futures Settlements…

Live Cattle:

June: 138.02… +0.27

August: 136.57… +0.27

October: 142.42… +0.35

 

Feeder Cattle:

August: 172.95… +1.65

September: 174.80… +1.58

October: 176.52… +1.55

 

July Hogs: 111.00… +1.43

July Crude Oil: 109.56… -8.03

 

July Corn: 7.8450… -0.0375

July Wheat: 10.3450… -0.4375

 

Grain Cash Bids:

Omaha Corn: 8.14… -0.04

Kansas City Wheat: 10.75… -0.44

 

Financial Markets:

DJIA: 29,885.08… -44.76

S & P 500: 3,674.45… +6.52

NASDAQ: 10,798.35… +147.47

U.S. Dollar Index: 104.67… +1.04