Jul 11 2022

Texas Daily Ag Market News Summary Posted 2 years 140 days ago by Administrator Account

Daily Market Summary for July 11^th

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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 8^th:

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