Jun 21 2022

Texas Daily Ag Market News Summary Posted 2 years 160 days ago by Administrator Account

Daily Market Summary for June 21^st

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 Tuesday, negotiated cash trading has been at a standstill in Kansas, Northern Plains and Western Cornbelt. In the Texas Panhandle negotiated cash trading has been mostly inactive on very light demand. Not enough purchases for a market trend in any region. Last week in the Texas Panhandle live purchases ranged from 136.00-140.00. In Kansas live purchases traded at 140.00. For the prior week in the Northern Plains and Western Cornbelt live purchases traded at 145.00 and, in Nebraska and Western Cornbelt, dressed purchases traded at 230.00.

Negotiated Sales:

Confirmed:             368

Week Ago:        14,318

Year Ago:             4,314

Formula Net - Dressed Steers & Heifers:

Head count priced today:   30,100

Weighted avg. weight:        860.00

Weighted avg. net price:    222.53

 

Cattle Slaughter under Federal Inspection

Monday (est)                       126,000

Week ago (est)                     122,000

Year ago (act)                       122,000

Week to Date                       250,000

Same Period Last Week     242,000

Same Period Last Year       239,000

Friday:

Steers & Heifers:  98,000

Cows & Bulls:        26,000

 

Boxed Beef:

Cutout Values:

Choice: 267.56… +1.06

Select:  246.70… +0.31

Choice/Select Spread: 20.86

Total Load Count: 143

 

Cutter Cow Cutout:

220.25… -1.54

 

CME Feeder Cattle Index for June 20^th:

165.03… +2.86 / +1.76%

1 Year Change: +13.63%

52 Week Range: 145.24 to 165.35

 

Futures Settlements…

Live Cattle:

June: 137.82… -0.20

August: 136.25… -0.32

October: 142.30… -0.12

 

Feeder Cattle:

August: 175.30… +2.35

September: 177.27… +2.47

October: 178.97… +2.45

 

July Hogs: 112.72… +1.72

July Crude Oil: 110.65… +1.09

 

July Corn: 7.6075… -0.2375

July Wheat: 9.7525… -0.5900

 

Grain Cash Bids:

Omaha Corn: 7.97… -0.23

Kansas City Wheat: 10.11… -0.64

 

Financial Markets:

DJIA: 30,531.77… +646.69

S & P 500: 3,765.10… +90.65

NASDAQ: 11,068.14… +269.79

U.S. Dollar Index: 104.42… -0.28