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Jul
08
2022

Texas Daily Ag Market News Summary

Posted 202 days ago ago by Administrator Account

Daily Market Summary for July 8th

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 Friday in the Southern Plains, Nebraska and Western Cornbelt, negotiated cash trading has been mostly inactive with light demand. Not enough purchases in any region for a full market trend. Wednesday was the last reported market in the Southern Plains with live purchases at 137.00. Wednesday was the last reported market in Nebraska with live and dressed purchases from 144.00-149.00 and at 232.00, respectively. In the Western Cornbelt Wednesday was the last reported live purchase market from 147.00-150.00. Last week dressed purchases traded at 234.00.

Negotiated Sales:

Confirmed:       3,596

Week Ago:           922

Year Ago:          4,763

Formula Net - Dressed Steers & Heifers:

Head count priced today:   30,600

Weighted avg. weight:         854.00

Weighted avg. net price:     229.01

 

Cattle Slaughter under Federal Inspection

Friday (est)                           125,000

Week ago (est)                     121,000

Year ago (act)                       121,000

Week to Date                       505,000

Same Period Last Week     620,000

Same Period Last Year       494,000

Thursday:

Steers & Heifers:  97,000

Cows & Bulls:        29,000

 

Boxed Beef:

Cutout Values:

Choice: 267.89… -0.18

Select:  241.85… -0.73

Choice/Select Spread: 26.04

Total Load Count: 91

 

Cutter Cow Cutout:

220.85… +1.32

 

CME Feeder Cattle Index for July 7th:

168.39… +5.49 / +3.37%

1 Year Change: +10.22%

52 Week Range: 150.71 to 168.39

 

Futures Settlements…

Live Cattle:

August: 133.95… -0.60

October: 138.95… -0.90

December: 145.07… -0.40

 

Feeder Cattle:

August: 171.72… -0.75

September: 174.72… -1.33

October: 177.75… -1.57

 

August Hogs: 109.17… -0.33

August Crude Oil: 104.79… +2.06

 

September Corn: 6.3325… +0.2425

September Wheat: 8.9150… +0.5500

 

Grain Cash Bids:

Omaha Corn: 7.59… +0.21

Kansas City Wheat: 9.01… +0.57

 

Financial Markets:

DJIA: 31,338.15… -46.40

S & P 500: 3,899.37… -3.25

NASDAQ: 11,635.31… +13.96

U.S. Dollar Index: 106.95… -0.18