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Jul
19
2022

Texas Daily Ag Market News Summary

Posted 191 days ago ago by Administrator Account

Daily Market Summary for July 19th

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 Tuesday in the Texas Panhandle, negotiated cash trading has been moderate with light to moderate demand. Compared to last week live purchases traded 1.00 lower at 136.00. In In Kansas, Nebraska and Western Cornbelt negotiated cash trading has been mostly inactive on light demand. Not enough purchases for a market trend in these regions. Last week in Kansas 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:            4,951

Week Ago:             1,588

Year Ago:               1,563

Formula Net - Dressed Steers & Heifers:

Head count priced today:   27,000

Weighted avg. weight:         866.00

Weighted avg. net price:     228.81

 

Cattle Slaughter under Federal Inspection

Tuesday (est)                       125,000

Week ago (est)                     126,000

Year ago (act)                       117,000

Week to Date                       250,000

Same Period Last Week     251,000

Same Period Last Year       233,000

Monday:

Steers & Heifers:  99,000

Cows & Bulls:        26,000

 

Boxed Beef:

Cutout Values:

Choice: 272.57… +2.02

Select:  243.73… +1.07

Choice/Select Spread: 28.84

Total Load Count: 133

 

Cutter Cow Cutout:

219.30… -0.85

 

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: 135.72… +0.10

October: 141.10… +0.50

December: 146.75… +0.60

 

Feeder Cattle:

August: 178.75… +2.08

September: 181.80… +2.38

October: 184.57… +2.25

 

August Hogs: 112.82… +0.70

August Crude Oil: 104.22… +1.62

 

September Corn: 5.9675… -0.1550

September Wheat: 8.1225… -0.0500

 

Grain Cash Bids:

Omaha Corn: 7.30… -0.16

Kansas City Wheat: 8.24… -0.05

 

Financial Markets:

DJIA: 31,823.46… +750.85

S & P 500: 3,935.76… +104.91

NASDAQ: 11,709.30… +349.25

U.S. Dollar Index: 106.69… -0.68