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Jul
15
2022

Texas Daily Ag Market News Summary

Posted 195 days ago ago by Administrator Account

Daily Market Summary for July 15th

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 Friday in the Southern Plains and Nebraska, negotiated cash trading has been at a standstill. In the Western Cornbelt negotiated cash trading has been mostly inactive on light demand. Not enough purchases for a market trend. Wednesday was the last reported market in these regions. In the Southern Plains live purchases traded at 137.00. 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:              952

Week Ago:            3,596

Year Ago:              3,932

Formula Net - Dressed Steers & Heifers:

Head count priced today:   36,300

Weighted avg. weight:         867.00

Weighted avg. net price:     227.57

 

Cattle Slaughter under Federal Inspection

Friday (est)                           123,000

Week ago (est)                     125,000

Year ago (act)                       119,000

Week to Date                       623,000

Same Period Last Week     505,000

Same Period Last Year       596,000

Thursday:

Steers & Heifers:  95,000

Cows & Bulls:        28,000

 

Boxed Beef:

Cutout Values:

Choice: 268.91… +1.16

Select:  241.79… -0.12

Choice/Select Spread: 27.12

Total Load Count: 82

 

Cutter Cow Cutout:

217.97… -2.69

 

CME Feeder Cattle Index for July 14th:

172.62… -1.43 / -0.82%

1 Year Change: +14.02%

52 Week Range: 150.71 to 174.05

 

Futures Settlements…

Live Cattle:

August: 134.92… -0.48

October: 139.55… -0.37

December: 145.42… -0.88

 

Feeder Cattle:

August: 176.35… -2.55

September: 179.67… -1.95

October: 182.45… -1.37

 

August Hogs: 109.82… +0.25

August Crude Oil: 97.59… +1.81

 

September Corn: 6.0425… -0.0075

September Wheat: 7.7675… -0.1825

 

Grain Cash Bids:

Omaha Corn: 7.39… -0.02

Kansas City Wheat: 7.93… -0.11

 

Financial Markets:

DJIA: 31,286.02… +655.85

S & P 500: 3,862.89… +72.51

NASDAQ: 11,452.42… +201.23

U.S. Dollar Index: 108.10… -0.44