Jul 12 2022

Texas Daily Ag Market News Summary Posted 2 years 139 days ago by Administrator Account

Daily Market Summary for July 12^th

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Slaughter Cattle:

As of 3:00 PM Tuesday in the Texas Panhandle, negotiated cash trading has been at a standstill. In Kansas and Nebraska negotiated cash trading has been mostly inactive on light demand. In the Western Cornbelt negotiated cash trading has been limited on light demand. Not enough purchases for a market trend in any region. 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:           1,588

Week Ago:               150

Year Ago:            13,878

Formula Net - Dressed Steers & Heifers:

Head count priced today:   31,500

Weighted avg. weight:         852.00

Weighted avg. net price:     231.38

 

Cattle Slaughter under Federal Inspection

Tuesday (est)                       126,000

Week ago (est)                     126,000

Year ago (act)                       119,000

Week to Date                       251,000

Same Period Last Week     128,000

Same Period Last Year       238,000

Monday:

Steers & Heifers:  99,000

Cows & Bulls:        26,000

 

Boxed Beef:

Cutout Values:

Choice: 268.51… +0.37

Select:  242.17… -0.83

Choice/Select Spread: 26.34

Total Load Count: 178

 

Cutter Cow Cutout:

219.05… -0.34

 

CME Feeder Cattle Index for July 11^th:

171.34… -0.87 / -0.51%

1 Year Change: +11.99%

52 Week Range: 150.71 to 172.21

 

Futures Settlements…

Live Cattle:

August: 136.67… +0.52

October: 141.27… +0.85

December: 147.20… +0.70

 

Feeder Cattle:

August: 179.57… +4.70

September: 181.52… +4.12

October: 183.45… +3.58

 

August Hogs: 109.00… +0.63

August Crude Oil: 95.84… -8.25

 

September Corn: 5.9400… -0.4300

September Wheat: 8.1425… -0.4250

 

Grain Cash Bids:

Omaha Corn: 7.24… -0.41

Kansas City Wheat: 8.23… -0.45

 

Financial Markets:

DJIA: 30,985.22… -188.62

S & P 500: 3,819.14… -35.92

NASDAQ: 11,266.28… -106.32

U.S. Dollar Index: 108.12… +0.10