Jul 06 2022

Texas Daily Ag Market News Summary Posted 2 years 145 days ago by Administrator Account

Daily Market Summary for July 6^th

The Daily Market News Report bought to you by The Cattle Range. Please visit their website for more information!

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Slaughter Cattle:

As of 3:00 PM Wednesday, negotiated cash trading has been at a standstill in the Southern Plains and Nebraska. In the Western Cornbelt negotiated cash trading has been mostly inactive on light demand. Not enough purchases for a market trend. 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. 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:            875

Week Ago:        27,505

Year Ago:          25,528

Formula Net - Dressed Steers & Heifers:

Head count priced today:   37,100

Weighted avg. weight:         874.00

Weighted avg. net price:     228.46

 

Cattle Slaughter under Federal Inspection

Wednesday (est)                 126,000

Week ago (est)                     124,000

Year ago (act)                       121,000

Week to Date                       254,000

Same Period Last Week     375,000

Same Period Last Year       253,000

Tuesday:

Steers & Heifers:  100,000

Cows & Bulls:          26,000

 

Boxed Beef: Tuesday... Wednesday's report not available

Cutout Values:

Choice: 264.66

Select:  239.87

Choice/Select Spread: 24.79

Total Load Count: 109

 

Cutter Cow Cutout:

220.33… +0.33

 

CME Feeder Cattle Index for July 5^th:

165.08… -0.26 / -0.16%

1 Year Change: +13.10%

52 Week Range: 150.71 to 166.44

 

Futures Settlements…

Live Cattle:

August: 134.50… +1.58

October: 139.95… +1.48

December: 145.35… +1.30

 

Feeder Cattle:

August: 173.30… +0.60

September: 177.07… +0.97

October: 180.37… +1.40

 

August Hogs: 109.20… +3.25

August Crude Oil: 98.53… -0.97

 

September Corn: 5.9975… +0.0750

September Wheat: 8.0450… -0.0250

 

Grain Cash Bids:

Omaha Corn: 7.20… +0.09

Kansas City Wheat: 8.07… -0.45

 

Financial Markets:

DJIA: 31,037.22… +69.40

S & P 500: 3,845.25… +13.86

NASDAQ: 11,361.15… +38.91

U.S. Dollar Index: 107.08… +0.54