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Jul
07
2022

Texas Daily Ag Market News Summary

Posted 206 days ago ago by Administrator Account

Daily Market Summary for July 7th

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 in the Southern Plains and Nebraska, negotiated cash trading was moderate on moderate demand. In the Texas Panhandle, compared to last week, live purchases traded steady to 1.00 lower at 137.00. In Kansas, compared to the prior week, the bulk of live purchases traded 1.00 lower at 137.00, with a few up to 140.00. In Nebraska, compared to the previous week, live purchases traded 1.00-2.00 lower from 144.00-149.00 and dressed purchases traded 2.00 lower at 232.00. In the Western Cornbelt negotiated cash trading has been limited on light to moderate demand. Not enough purchases in any price range for a full market trend. Wednesday was the last reported live purchase market at 150.00. Last week dressed purchases traded at 234.00.

Negotiated Sales:

Confirmed:       34,330

Week Ago:          6,879

Year Ago:          16,869

Formula Net - Dressed Steers & Heifers:

Head count priced today:   23,500

Weighted avg. weight:         867.00

Weighted avg. net price:     229.31

 

Cattle Slaughter under Federal Inspection

Thursday (est)                     126,000

Week ago (est)                     124,000

Year ago (act)                       120,000

Week to Date                       380,000

Same Period Last Week     499,000

Same Period Last Year       373,000

Wednesday:

Steers & Heifers:  99,000

Cows & Bulls:        26,000

 

Boxed Beef:

Cutout Values:

Choice: 268.07… +.02

Select:  242.58… -0.35

Choice/Select Spread: 25.49

Total Load Count: 125

 

Cutter Cow Cutout:

219.53… -0.80

 

CME Feeder Cattle Index for July 6th:

162.90… -2.18 / -1.32%

1 Year Change: +7.52%

52 Week Range: 150.71 to 166.44

 

Futures Settlements…

Live Cattle:

August: 134.55… +0.05

October: 139.85… -0.10

December: 145.47… +0.12

 

Feeder Cattle:

August: 172.47… -0.83

September: 176.05… -1.02

October: 179.32… -1.05

 

August Hogs: 109.50… +0.30

August Crude Oil: 102.73… +4.20

 

September Corn: 6.0900… +0.0925

September Wheat: 8.3650… +0.3200

 

Grain Cash Bids:

Omaha Corn: 7.38… +0.18

Kansas City Wheat: 8.44… -0.45

 

Financial Markets:

DJIA: 31,318.12… +343.44

S & P 500: 3,901.64… +56.56

NASDAQ: 11,616.82… +254.97

U.S. Dollar Index: 107.06… -0.03