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Jul
11
2022

Texas Daily Ag Market News Summary

Posted 199 days ago ago by Administrator Account

Daily Market Summary for July 11th

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 Monday, negotiated cash trading has been at a standstill in the Southern Plains. In Nebraska and Western Cornbelt negotiated cash trading has been mostly inactive on very light demand. Not enough purchases for a market trend. Last week in the Southern Plains live purchases traded at 137.00. For the prior week in Nebraska live and dressed purchases traded from 144.00-149.00 and at 232, respectively. For the previous week in the Western Cornbelt live and dressed purchases traded from 145.00-150.00 and at 232.00, respectively.

Negotiated Sales:

Confirmed:             538

Week Ago:           None

Year Ago:              3,826

Formula Net - Dressed Steers & Heifers:

Head count priced today:   57,700

Weighted avg. weight:         860.00

Weighted avg. net price:     226.40

 

Cattle Slaughter under Federal Inspection

Monday (est)                       125,000

Week ago (est)                         2,000

Year ago (act)                       119,000

Friday:

Steers & Heifers:  97,000

Cows & Bulls:        28,000

 

Boxed Beef:

Cutout Values:

Choice: 268.14… +0.25

Select:  243.00… +1.15

Choice/Select Spread: 25.14

Total Load Count: 113

 

Cutter Cow Cutout:

219.39… -1.46

 

CME Feeder Cattle Index for July 8th:

172.21… +3.82 / +2.27% - A 52 Month High

1 Year Change: +11.96%

52 Week Range: 150.71 to 172.21

 

Futures Settlements…

Live Cattle:

August: 136.15… +2.20

October: 140.42… +1.47

December: 146.50… +1.43

 

Feeder Cattle:

August: 174.87… +3.15

September: 177.40… +2.68

October: 179.87… +2.12

 

August Hogs: 108.37… -0.80

August Crude Oil: 104.09… -0.70

 

September Corn: 6.3700… +0.0375

September Wheat: 8.4375… -0.4775

 

Grain Cash Bids:

Omaha Corn: 7.65… +0.06

Kansas City Wheat: 8.62… -0.39

 

Financial Markets:

DJIA: 31,161.34… -176.81

S & P 500: 3,854.61… -48.01

NASDAQ: 11,365.68… -269.63

U.S. Dollar Index: 108.21… +1.20