Jul 22 2022

Texas Daily Ag Market News Summary Posted 2 years 129 days ago by Administrator Account

Daily Market Summary for July 22^nd

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 Friday in Kansas, negotiated cash trading has been slow on light demand. A few live purchases traded steady at 136.00, when compared to the last reported market on Thursday. In the Western Cornbelt negotiated cash trading has been mostly inactive on light demand. Not enough purchases for a market trend. In the Western Cornbelt Thursday was the last reported market with live purchases from 142.00-144.00. Last week dressed traded from 228.00-230.00. In the Texas Panhandle and Nebraska negotiated cash trading has been at a standstill. Wednesday the last reported market in the Texas Panhandle with live at 136.00. Wednesday was the last reported market in Nebraska with live and dressed purchases from 139.00-143.50 and at 227.00, respectively.

Negotiated Sales:

Confirmed:              4,613

Week Ago:                  952

Year Ago:                    658

Formula Net - Dressed Steers & Heifers:

Head count priced today:   32,800

Weighted avg. weight:         860.00

Weighted avg. net price:     224.64

 

Cattle Slaughter under Federal Inspection

Friday (est)                           119,000

Week ago (est)                     120,000

Year ago (act)                       112,000

Week to Date                       616,000

Same Period Last Week     620,000

Same Period Last Year       584,000

Thursday:

Steers & Heifers:  95,000

Cows & Bulls:        28,000

 

Boxed Beef:

Cutout Values:

Choice: 267.12… -0.64

Select:  242.50… +1.97

Choice/Select Spread: 24.62

Total Load Count: 95

 

Cutter Cow Cutout:

216.58… +2.28

 

CME Feeder Cattle Index for July 21^st:

171.01… +0.34 / +0.20%

1 Year Change: +12.48%

52 Week Range: 150.71 to 174.05

 

Futures Settlements…

Live Cattle:

August: 137.37… +1.65

October: 143.00… +2.03

December: 148.17… +1.85

 

Feeder Cattle:

August: 181.55… +3.28

September: 184.47… +3.17

October: 187.00… +2.78

 

September Hogs: 96.32… +0.55

September Crude Oil: 94.70… -1.65

 

September Corn: 5.6425… -0.1150

September Wheat: 7.5900… -0.4725

 

Grain Cash Bids:

Omaha Corn: 7.04… -0.08

Kansas City Wheat: 7.73… -0.43

 

Financial Markets:

DJIA: 31,900.61… -136.29

S & P 500: 3,962.31… -36.64

NASDAQ: 11,834.11… -225.50

U.S. Dollar Index: 106.65… -0.26