Jul 01 2022

Texas Daily Ag Market News Summary Posted 2 years 150 days ago by Administrator Account

Daily Market Summary for July 1^st

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Slaughter Cattle:

As of 3:00 PM Friday, negotiated cash trading has been mostly inactive on very light demand in Kansas and Western Cornbelt. In the Texas Panhandle and Northern Plains negotiated cash trading has been at a standstill. Not enough purchases in any region for a market Trend. In the Texas Thursday was the last reported market with live purchases at 137.00. In the Western Cornbelt Thursday was the last reported live purchase market at 148.00 and Wednesday was the last reported dressed purchase market at 234.00. Wednesday was the last reported market in Kansas with live purchases at 138.00. Wednesday was reported market in Nebraska with live and dressed purchases from 145.00-151.00 and at 234.00, respectively. Last week in Colorado live purchases traded at 145.00.

Negotiated Sales:

Confirmed:            922

Week Ago:          1,812

Year Ago:            4,424

Formula Net - Dressed Steers & Heifers:

Head count priced today:   25,200

Weighted avg. weight:        842.00

Weighted avg. net price:     228.78

 

Cattle Slaughter under Federal Inspection

Friday (est)                           121,000

Week ago (est)                     122,000

Year ago (act)                       114,000

Week to Date                       620,000

Same Period Last Week     620,000

Same Period Last Year       591,000

Thursday:

Steers & Heifers:  96,000

Cows & Bulls:        28,000

 

Boxed Beef:

Cutout Values:

Choice: 263.82… -0.18

Select:  240.47… -0.10

Choice/Select Spread: 23.35

Total Load Count: 101

 

Cutter Cow Cutout:

218.06… -1.44

 

CME Feeder Cattle Index for June 30^th:

165.67… -0.77 / -0.46%

1 Year Change: +13.50%

52 Week Range: 145.96 to 166.44

 

Futures Settlements…

Live Cattle:

August: 134.60… +2.03

October: 139.97… +1.20

December: 145.77… +0.90

 

Feeder Cattle:

August: 174.50… +0.90

September: 177.65… +1.43

October: 180.45… +1.78

 

August Hogs: 102.97… +0.87

August Crude Oil: 108.43… +2.67

 

September Corn: 6.1975… -0.0900

September Wheat: 8.4600… -0.3800

 

Grain Cash Bids:

Omaha Corn: 7.55… -0.23

Kansas City Wheat: 8.81… -0.40

 

Financial Markets:

DJIA: 31,097.46… +322.03

S & P 500: 3,825.36… +39.98

NASDAQ: 11,127.85… +99.11

U.S. Dollar Index: 105.14… +0.45