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Jul
18
2022

Texas Daily Ag Market News Summary

Posted 192 days ago ago by Administrator Account

Daily Market Summary for July 18th

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 Monday in the Southern Plains, negotiated cash has been at a standstill. 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 140.00-145.00 and at 230.00, respectively. For previous week in the Western Cornbelt live and dressed purchases traded from 143.50-145.00 and from 228.00-230.00, respectively.

Negotiated Sales:

Confirmed:              235

Week Ago:               538

Year Ago:                 229

Formula Net - Dressed Steers & Heifers:

Head count priced today:   37,400

Weighted avg. weight:         860.00

Weighted avg. net price:     225.49

 

Cattle Slaughter under Federal Inspection

Monday (est)                       125,000

Week ago (est)                     125,000

Year ago (act)                       116,000

Friday:

Steers & Heifers:  93,000

Cows & Bulls:        27,000

 

Boxed Beef:

Cutout Values:

Choice: 270.55… +1.64

Select:  242.66… +0.87

Choice/Select Spread: 27.89

Total Load Count: 67

 

Cutter Cow Cutout:

220.15… +2.18

 

CME Feeder Cattle Index for July 15th:

172.67… +0.05 / +0.03%

1 Year Change: +14.56%

52 Week Range: 150.71 to 174.05

 

Futures Settlements…

Live Cattle:

August: 135.62… +0.70

October: 140.60… +1.05

December: 146.15… +0.73

 

Feeder Cattle:

August: 176.67… +0.32

September: 179.42… -0.25

October: 182.32… -0.13

 

August Hogs: 112.12… +2.30

August Crude Oil: 102.60… +5.01

 

September Corn: 6.1225… +0.0800

September Wheat: 8.1275… -0.3600

 

Grain Cash Bids:

Omaha Corn: 7.46… +0.07

Kansas City Wheat: 8.29… +0.36

 

Financial Markets:

DJIA: 31,075.75… -216.51

S & P 500: 3,830.64… -32.52

NASDAQ: 11,357.92… -94.50

U.S. Dollar Index: 107.44… -0.62