Jul 18 2022

Texas Daily Ag Market News Summary Posted 2 years 133 days ago by Administrator Account

Daily Market Summary for July 18^th

The Daily Market News Report bought to you by The Cattle Range. Please visit their website for more information!

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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 15^th:

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