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Jul
05
2022

Texas Daily Ag Market News Summary

Posted 205 days ago ago by Administrator Account

Daily Market Summary for July 5th

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 Tuesday, negotiated cash trading has been at standstill in all major feeding regions. Last week in the Texas Panhandle live purchases traded from 137.00-138.00. In Kansas live purchases traded at 138.00. For the prior week in Nebraska live and dressed purchases traded from 145.00-151.00 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 147.00-150.00 and at 234.00, respectively.

Negotiated Sales:

Confirmed:            150

Week Ago:          2,401

Year Ago:               913

Formula Net - Dressed Steers & Heifers:

Head count priced today:   34,600

Weighted avg. weight:         873.00

Weighted avg. net price:     226.98

 

Cattle Slaughter under Federal Inspection

Tuesday (est)                       126,000

Week ago (est)                     126,000

Year ago (act)                       120,000

Week to Date                       128,000

Same Period Last Week     251,000

Same Period Last Year       132,000

Monday:

Steers & Heifers:  1,000

Cows & Bulls:        1,000

 

Boxed Beef:

Cutout Values:

Choice: 264.66… +0.84

Select:  239.87… -0.68

Choice/Select Spread: 24.79

Total Load Count: 109

 

Cutter Cow Cutout:

220.00… +1.94

 

CME Feeder Cattle Index for July 1st:

165.34… -0.33 / -0.20%

1 Year Change: +13.28%

52 Week Range: 145.96 to 166.44

 

Futures Settlements…

Live Cattle:

August: 132.92… -1.68

October: 138.47… -1.50

December: 144.05… -1.72

 

Feeder Cattle:

August: 172.70… -1.80

September: 176.10… -1.55

October: 178.97… -1.48

 

August Hogs: 105.95… +2.98

August Crude Oil: 99.50… -8.93

 

September Corn: 5.9225… -0.2750

September Wheat: 8.0700… -0.3900

 

Grain Cash Bids:

Omaha Corn: 7.11… -0.44

Kansas City Wheat: 8.60… -0.21

 

Financial Markets:

DJIA: 30,967.45… -129.81

S & P 500: 3,831.88… +6.55

NASDAQ: 11,314.68… +186.83

U.S. Dollar Index: 106.46… +1.32