Jul 13 2022

Texas Daily Ag Market News Summary Posted 2 years 138 days ago by Administrator Account

Daily Market Summary for July 13^th

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Slaughter Cattle:

As of 3:00 PM Wednesday in the Southern Plains and Nebraska, negotiated cash trading and demand have been moderate. Compared to last week in the Southern Plains live purchases traded steady at 137.00. In Nebraska compared to the prior week live purchases traded steady to 4.00 lower from 144.00-145.00 and dressed purchases traded 2.00 lower at 230.00. In the Western Cornbelt negotiated cash trading has been limited on light demand. Not enough purchases for a full market trend. 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:         30,077

Week Ago:               875

Year Ago:              6,323

Formula Net - Dressed Steers & Heifers:

Head count priced today:   22,100

Weighted avg. weight:         850.00

Weighted avg. net price:     229.16

 

Cattle Slaughter under Federal Inspection

Wednesday (est)                 126,000

Week ago (est)                     126,000

Year ago (act)                       119,000

Week to Date                       377,000

Same Period Last Week     254,000

Same Period Last Year       357,000

Tuesday:

Steers & Heifers:  100,000

Cows & Bulls:          26,000

 

Boxed Beef:

Cutout Values:

Choice: 268.05… -0.46

Select:  241.26… -0.91

Choice/Select Spread: 26.79

Total Load Count: 119

 

Cutter Cow Cutout:

219.75… +0.70

 

CME Feeder Cattle Index for July 12^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: 136.87… +0.20

October: 141.27… Unchanged

December: 147.65… +0.45

 

Feeder Cattle:

August: 180.80… +1.23

September: 183.07… +1.55

October: 185.00… +1.55

 

August Hogs: 110.50… +1.50

August Crude Oil: 96.30… +0.46

 

September Corn: 6.0000… +0.0600

September Wheat: 8.1075… -0.0350

 

Grain Cash Bids:

Omaha Corn: 7.46… +0.22

Kansas City Wheat: 8.15… -0.08

 

Financial Markets:

DJIA: 30,771.54… -209.79

S & P 500: 3,801.31… -17.49

NASDAQ: 11,245.86… -18.87

U.S. Dollar Index: 108.03… -0.04