Jun 30 2022

Texas Daily Ag Market News Summary Posted 2 years 151 days ago by Administrator Account

Daily Market Summary for June 30^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 Thursday, negotiated cash trading in the Texas Panhandle has been slow on light demand. Compared to the last reported market on Wednesday live purchases have traded 1.00 lower at 137.00. In Nebraska and Western Cornbelt negotiated cash trading has been limited on light demand. Not enough purchases in these regions for a market trend. In Kansas and Colorado negotiated cash trading has been at a standstill. Wednesday in Kansas live purchases traded at 138.00. Wednesday in Nebraska live and dressed purchases traded from 145.00-151.00 and at 234.00, respectively. Wednesday in the Western Cornbelt live and dressed purchases traded from 147.00-150.00 and at 234.00, respectively. Last week in Colorado live purchases traded at 145.00.

Negotiated Sales:

Confirmed:        6,879

Week Ago:       28,110

Year Ago:           6,670

Formula Net - Dressed Steers & Heifers:

Head count priced today:   24,600

Weighted avg. weight:        858.00

Weighted avg. net price:     232.75

 

Cattle Slaughter under Federal Inspection

Thursday (est)                     124,000

Week ago (est)                     122,000

Year ago (act)                       117,000

Week to Date                       499,000

Same Period Last Week     498,000

Same Period Last Year       477,000

Wednesday:

Steers & Heifers:  96,000

Cows & Bulls:        28,000

 

Boxed Beef:

Cutout Values:

Choice: 264.00… -0.88

Select:  240.57… -0.24

Choice/Select Spread: 23.43

Total Load Count: 102

 

Cutter Cow Cutout:

219.50… -1.79

 

CME Feeder Cattle Index for June 29^th:

166.44… +2.36 / +1.44%

1 Year Change: +13.76%

52 Week Range: 145.96 to 166.44 – A new 52 week high

 

Futures Settlements…

Live Cattle:

June: 138.00… +1.20

August: 132.57… +0.40

October: 138.77… -0.13

 

Feeder Cattle:

August: 173.60… +2.88

September: 176.22… +2.45

October: 178.67… +2.27

 

August Hogs: 102.10… -1.47

August Crude Oil: 105.76… -4.02

 

September Corn: 6.2875… -0.3525

September Wheat: 8.8400… -0.4600

 

Grain Cash Bids:

Omaha Corn: 7.78… -0.24

Kansas City Wheat: 9.21… -0.34

 

Financial Markets:

DJIA: 30,779.71… -249.60

S & P 500: 3,787.16… -31.67

NASDAQ: 11,003.76… -174.13

U.S. Dollar Index: 104.74… -0.37