Jun 24 2022

Texas Daily Ag Market News Summary Posted 2 years 157 days ago by Administrator Account

Daily Market Summary for June 24^th

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Slaughter Cattle:

As of 3:00 PM Friday, negotiated cash trading in Nebraska and Western Cornbelt has been mostly inactive on light demand. In the Southern Plains and Colorado negotiated cash trading has been at a standstill. Not enough purchases in any region for a market trend. In the Texas Panhandle Wednesday was the last reported market with live purchases at 137.00. Thursday was the last reported market in the following regions. In Kansas live purchases traded at 137.00. In Nebraska live and dressed purchases traded from 145.00-150.00 and at 234.00, respectively. In Colorado live purchases traded at 145.00. In the Western Cornbelt live and dressed purchases traded at 150.00 and from 234.00-238.00, respectively.

Negotiated Sales:

Confirmed:       1,949

Week Ago:        1,479

Year Ago:           1,944

Formula Net - Dressed Steers & Heifers:

Head count priced today:   32,200

Weighted avg. weight:         855.00

Weighted avg. net price:     229.60

 

Cattle Slaughter under Federal Inspection

Friday (est)                          122,000

Week ago (est)                     124,000

Year ago (act)                       117,000

Week to Date                       620,000

Same Period Last Week     619,000

Same Period Last Year       590,000

Thursday:

Steers & Heifers:  93,000

Cows & Bulls:        29,000

 

Boxed Beef:

Cutout Values:

Choice: 264.98… +0.32

Select:  245.02… +0.08

Choice/Select Spread: 19.96

Total Load Count: 85

 

Cutter Cow Cutout:

222.31… +1.54

 

CME Feeder Cattle Index for June 23^rd:

163.71… -1.52 / -0.92%

1 Year Change: +11.91%

52 Week Range: 145.96 to 165.35

 

Futures Settlements…

Live Cattle:

June: 135.35… +0.10

August: 133.37… -0.50

October: 139.75… -0.25

 

Feeder Cattle:

August: 172.50… -2.35

September: 175.07… -1.78

October: 177.07… -1.55

 

July Hogs: 110.92… +2.37

August Crude Oil: 107.62… +3.35

 

July Corn: 7.5025… +0.0350

July Wheat: 9.2375… -0.1350

 

Grain Cash Bids:

Omaha Corn: 7.94… -0.10

Kansas City Wheat: 9.63… -0.12

 

Financial Markets:

DJIA: 31,503.71… +825.36

S & P 500: 3,912.15… +116.40

NASDAQ: 11,610.14… +373.24

U.S. Dollar Index: 104.18… -0.25