Jul 14 2022

Texas Daily Ag Market News Summary Posted 3 years 2 days ago by Administrator Account

Daily Market Summary for July 14^th

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 Thursday in the Southern Plains, negotiated cash trading has been mostly inactive with light demand. Not enough purchases for a market trend. Wednesday was the last reported market with live purchases at 137.00. In Nebraska and Western Cornbelt negotiated cash trading has been limited on light demand. In Nebraska a few live purchases traded at 140.00. However, not enough purchase in either region for a full market trend. Wednesday was the reported in these regions. In Nebraska live and dressed purchases traded from 144.00-145.00 and at 230.00, respectively. In the Western Cornbelt live and dressed purchases traded at 145.00 and from 228.00-230.00, respectively.

Negotiated Sales:

Confirmed:           9,497

Week Ago:          34,330

Year Ago:            11,677

Formula Net - Dressed Steers & Heifers:

Head count priced today:   22,000

Weighted avg. weight:         864.00

Weighted avg. net price:     232.21

 

Cattle Slaughter under Federal Inspection

Thursday (est)                     123,000

Week ago (est)                     126,000

Year ago (act)                       120,000

Week to Date                       500,000

Same Period Last Week     380,000

Same Period Last Year       477,000

Wednesday:

Steers & Heifers:  28,000

Cows & Bulls:        98,000

 

Boxed Beef:

Cutout Values:

Choice: 267.75… -0.30

Select:  241.91… +0.65

Choice/Select Spread: 25.84

Total Load Count: 110

 

Cutter Cow Cutout:

220.66… +0.90

 

CME Feeder Cattle Index for July 13^th:

174.05… +1.75 / +1.02%

1 Year Change: +14.24%

52 Week Range: 150.71 to 174.05

 

Futures Settlements…

Live Cattle:

August: 135.40… -1.47

October: 139.92… -1.35

December: 146.30… -1.35

 

Feeder Cattle:

August: 178.90… -1.90

September: 181.62… -1.45

October: 183.82… -1.18

 

August Hogs: 109.57… -0.93

August Crude Oil: 95.78… -0.52

 

September Corn: 6.0500… +0.0500

September Wheat: 7.9500… -0.1575

 

Grain Cash Bids:

Omaha Corn: 7.41… -0.05

Kansas City Wheat: 8.04… -0.11

 

Financial Markets:

DJIA: 30,630.01… -142.78

S & P 500: 3,790.25… -11.53

NASDAQ: 11,251.19… +3.61

U.S. Dollar Index: 108.63… +0.67