Jun 29 2022

Texas Daily Ag Market News Summary Posted 3 years 5 days ago by Administrator Account

Daily Market Summary for June 29^th

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Slaughter Cattle:

As of 3:00 PM Wednesday, trade was light to moderate on moderate demand in the Southern Plains and Nebraska. Compared to last week in the Texas Panhandle, early live purchases traded steady at 138.00. In Kansas compared to last week, early live purchases traded steady to 1.00 higher at 138.00. In Nebraska early live purchases traded steady to 3.00 higher form 145.00-151.00 compared to last week with dressed purchases steady at 234.00. Trade was limited on moderate demand in Colorado and the Western Cornbelt. Not enough purchases in those regions for an adequate market test. The latest established market in Colorado was last week, 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:        25,703

Week Ago:         11,163

Year Ago:           31,355

Formula Net - Dressed Steers & Heifers:

Head count priced today:   22,200

Weighted avg. weight:        860.00

Weighted avg. net price:     228.99

 

Cattle Slaughter under Federal Inspection

Wednesday (est)                124,000

Week ago (est)                     126,000

Year ago (act)                       120,000

Week to Date                       375,000

Same Period Last Week     376,000

Same Period Last Year       360,000

Tuesday:

Steers & Heifers:  100,000

Cows & Bulls:        26,000

 

Boxed Beef:

Cutout Values:

Choice: 264.88… -2.26

Select:  240.81… -2.50

Choice/Select Spread: 24.07

Total Load Count: 118

 

Cutter Cow Cutout:

221.29… +0.41

 

CME Feeder Cattle Index for June 28^th:

164.08… -0.12 / -0.07%

1 Year Change: +11.54%

52 Week Range: 145.96 to 165.35

 

Futures Settlements…

Live Cattle:

June: 136.80… +0.50

August: 132.17… -0.55

October: 138.90… -0.50

 

Feeder Cattle:

August: 170.72… -1.10

September: 173.77… -1.18

October: 176.40… -1.10

 

August Hogs: 103.57… -0.25

August Crude Oil: 109.78… -1.98

 

September Corn: 6.6400… -0.0575

September Wheat: 9.3000… -0.0600

 

Grain Cash Bids:

Omaha Corn: 8.02… -0.02

Kansas City Wheat: 9.55… +0.01

 

Financial Markets:

DJIA: 31,052.47… +104.69

S & P 500: 3,822.30… +0.36

NASDAQ: 11,186.65… +1.50

U.S. Dollar Index: 105.11… +0.62