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Jul
20
2022

Texas Daily Ag Market News Summary

Posted 193 days ago ago by Administrator Account

Daily Market Summary for July 20th

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 Wednesday, negotiated cash trading has been slow on light demand in Nebraska with live purchases 1.00 to 3.00 lower from 139.00-142.00 and dressed purchases 3.00 lower at 227.00 when compared to last week. Negotiated cash trading in the Southern Plains and the Western Cornbelt has been limited on light demand, not enough purchases for a market trend. On Tuesday in the Texas Panhandle live purchases traded at 136.00. Last week in Kansas live purchases traded at 137.00. In the Western Cornbelt last week live and dressed purchases traded from 143.50-145.00 and from 228.00-230.00, respectively.

Negotiated Sales:

Confirmed:            22,666

Week Ago:             32,077

Year Ago:               21,988

Formula Net - Dressed Steers & Heifers:

Head count priced today:   20,400

Weighted avg. weight:         852.00

Weighted avg. net price:     233.07

 

Cattle Slaughter under Federal Inspection

Wednesday (est)                124,000

Week ago (est)                     126,000

Year ago (act)                       118,000

Week to Date                       374,000

Same Period Last Week     377,000

Same Period Last Year       351,000

Tuesday:

Steers & Heifers:  98,000

Cows & Bulls:        27,000

 

Boxed Beef:

Cutout Values:

Choice: 270.53… -2.04

Select:  242.25… -1.48

Choice/Select Spread: 28.28

Total Load Count: 119

 

Cutter Cow Cutout:

218.85… -0.45

 

CME Feeder Cattle Index for July 19th:

172.42… -0.08 / -0.05%

1 Year Change: +14.41%

52 Week Range: 150.71 to 174.05

 

Futures Settlements…

Live Cattle:

August: 135.75… +0.03

October: 141.32… +0.22

December: 146.82… +0.07

 

Feeder Cattle:

August: 177.82… -0.93

September: 180.97… -0.83

October: 183.75… -0.82

 

August Hogs: 114.87… +2.05

August Crude Oil: 102.26… -1.96

 

September Corn: 5.9225… -0.0450

September Wheat: 8.1950… +0.0725

 

Grain Cash Bids:

Omaha Corn: 7.29… -0.01

Kansas City Wheat: 8.28… +0.04

 

Financial Markets:

DJIA: 31,878.20… +51.15

S & P 500: 3,959.95… +23.26

NASDAQ: 11,896.34… +183.19

U.S. Dollar Index: 107.06… +0.37