Jun 22 2022

Texas Daily Ag Market News Summary Posted 2 years 159 days ago by Administrator Account

Daily Market Summary for June 22^nd

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Slaughter Cattle:

As of 3:00 PM Wednesday in Kansas, negotiated cash trading has been slow on moderate demand. Compared to last week the bulk of live purchases traded 2.00 lower at 138.00. In the Texas Panhandle, Nebraska and Western Cornbelt negotiated cash trading has been limited on light demand. In the Western Cornbelt a few dressed purchases traded at 240.00. In Colorado negotiatedcash trading has been mostly inactive on very light demand. Not enough purchases in any of these regions for a full market trend. In the Texas Panhandle Tuesday was the last reported market with live purchases at 138.00. 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:       11,163

Week Ago:          9,422

Year Ago:             8,445

Formula Net - Dressed Steers & Heifers:

Head count priced today:   14,500

Weighted avg. weight:         864.00

Weighted avg. net price:     223.11

 

Cattle Slaughter under Federal Inspection

Wednesday (est)                126,000

Week ago (est)                     126,000

Year ago (act)                       116,000

Week to Date                       376,000

Same Period Last Week     368,000

Same Period Last Year       355,000

Tuesday:

Steers & Heifers:  99,000

Cows & Bulls:        27,000

 

Boxed Beef:

Cutout Values:

Choice: 266.57… -0.99

Select:  245.99… -0.71

Choice/Select Spread: 20.58

Total Load Count: 157

 

Cutter Cow Cutout:

223.48… +3.23

 

CME Feeder Cattle Index for June 21^st:

165.21… +0.18 / +0.11%

1 Year Change: +13.59%

52 Week Range: 145.44 to 165.35

 

Futures Settlements…

Live Cattle:

June: 136.12… -1.70

August: 134.92… -1.33

October: 141.07… -1.23

 

Feeder Cattle:

August: 173.15… -2.15

September: 175.30… -1.97

October: 177.30… -1.67

 

July Hogs: 111.85… -0.87

August Crude Oil: 106.19… -3.33

 

July Corn: 7.6800… +0.0725

July Wheat: 9.7650… +0.0125

 

Grain Cash Bids:

Omaha Corn: 8.12… +0.15

Kansas City Wheat: 10.09… -0.02

 

Financial Markets:

DJIA: 30,473.84… -57.93

S & P 500: 3,759.33… -5.77

NASDAQ: 11,048.80… -19.34

U.S. Dollar Index: 104.17… -0.25