Jun 23 2022

Texas Daily Ag Market News Summary Posted 3 years 17 days ago by Administrator Account

Daily Market Summary for June 23^rd

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 Thursday in Nebraska, negotiated cash trading and demand were moderate. Compared to last week live purchases traded steady to 3.00 higher from 145.00-148.00 and dressed purchases traded 4.00 higher at 234.00. In the Western Cornbelt negotiated cash trading has been slow to moderate with moderate demand. Compared to the last reported live purchase market on Wednesday live trades moved 2.00-3.00 higher at 150.00. A few dressed purchases traded at 238.00, not enough for a full market trend. Wednesday saw dressed purchases from 238.00-240.00. Thus far for Thursday in Kansas and Colorado negotiated cash trading has been slow on light demand. In Kansas live purchases traded steady to 4.00 lower at 137.00, when compared to the last reported market on Wednesday. In Colorado live purchases traded steady at 145.00, when compared to last week. In the Texas Panhandle negotiated cash trading has been mostly inactive on light demand. Not enough purchases for a market trend. Wednesday was the last reported market with live purchases at 137.00.

Negotiated Sales:

Confirmed:       28,110

Week Ago:        12,178

Year Ago:             9,460

Formula Net - Dressed Steers & Heifers:

Head count priced today:   32,000

Weighted avg. weight:         857.00

Weighted avg. net price:     229.58

 

Cattle Slaughter under Federal Inspection

Thursday (est)                     122,000

Week ago (est)                     127,000

Year ago (act)                       118,000

Week to Date                       498,000

Same Period Last Week     495,000

Same Period Last Year       473,000

Wednesday:

Steers & Heifers:  98,000

Cows & Bulls:        28,000

 

Boxed Beef:

Cutout Values:

Choice: 264.66… -1.91

Select:  244.94… -1.05

Choice/Select Spread: 19.72

Total Load Count: 104

 

Cutter Cow Cutout:

220.27… -2.21

 

CME Feeder Cattle Index for June 22^nd:

165.23… +0.02 / +0.01%

1 Year Change: +12.79%

52 Week Range: 145.96 to 165.35

 

Futures Settlements…

Live Cattle:

June: 135.25… -0.87

August: 133.87… -1.05

October: 140.00… -1.07

 

Feeder Cattle:

August: 174.85… +1.70

September: 176.85… +1.55

October: 178.62… +1.32

 

July Hogs: 108.55… -3.30

August Crude Oil: 104.27… -1.92

 

July Corn: 7.4675… -0.2175

July Wheat: 9.3725… -0.3925

 

Grain Cash Bids:

Omaha Corn: 8.04… -0.08

Kansas City Wheat: 9.75… -034

 

Financial Markets:

DJIA: 30,678.35… +204.51

S & P 500: 3,795.75… +36.42

NASDAQ: 11,236.90… +188.10

U.S. Dollar Index: 104.34… +0.17