Jun 27 2022

Texas Daily Ag Market News Summary Posted 3 years 15 days ago by Administrator Account

Daily Market Summary for June 27^th

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 Monday, 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. Last week in the Texas Panhandle live purchases traded at 138.00. In Kansas live purchases traded from 137.00-138.00. For the prior week in Nebraska live and dressed purchases traded from 145.00148.00 and at 234.00, respectively. In Colorado live purchases traded at 145.00. For the previous week in the Western Cornbelt live and dressed purchases traded from 145.00-150.00 and 234.00-240.00, respectively.

Negotiated Sales:

Confirmed:          306

Week Ago:        None

Year Ago:          6,626

Formula Net - Dressed Steers & Heifers:

Head count priced today:   41,200

Weighted avg. weight:         869.00

Weighted avg. net price:     226.52

 

Cattle Slaughter under Federal Inspection

Monday (est)                       125,000

Week ago (est)                     124,000

Year ago (act)                      119,000

Friday:

Steers & Heifers:  94,000

Cows & Bulls:        28,000

 

Boxed Beef:

Cutout Values:

Choice: 268.68… +3.70

Select:  245.24… +0.22

Choice/Select Spread: 23.44

Total Load Count: 99

 

Cutter Cow Cutout:

220.90… -1.41

 

CME Feeder Cattle Index for June 24^th:

163.09… -0.62 / -0.38%

1 Year Change: +11.57%

52 Week Range: 145.96 to 165.35

 

Futures Settlements…

Live Cattle:

June: 136.25… +0.90

August: 133.47… +0.10

October: 140.12… +0.37

 

Feeder Cattle:

August: 174.12… +1.62

September: 176.80… +1.73

October: 178.92… +1.85

 

July Hogs: 110.17… -0.75

August Crude Oil: 109.57… +1.95

 

September Corn: 6.6125… -0.2150

September Wheat: 9.1750… -0.1900

 

Grain Cash Bids:

Omaha Corn: 7.93… -0.01

Kansas City Wheat: 9.43… -0.20

 

Financial Markets:

DJIA: 31,439.52… -54.19

S & P 500: 3,896.44… -15.71

NASDAQ: 11,497.66… -112.48

U.S. Dollar Index: 103.93… -0.26