Jul 26 2022

Texas Daily Ag Market Summary Posted 2 years 125 days ago by Administrator Account

Slaughter Cattle:

As of 3:00 PM Tuesday in the Texas Panhandle, negotiated cash trading has been slow on light demand. Compared to last week, a few, live purchases traded 1.00 lower at 135.00. In the Western Cornbelt negotiated cash trading has been mostly inactive on light demand. Not enough purchases for a market trend. In Kansas and Nebraska negotiated cash trading has been at a standstill. Last week in Kansas live purchases traded at 136.00. For the prior week live and dressed purchases traded from 139.00-143.50 and at 227.00, respectively. For the previous week in the Western Cornbelt live and dressed purchases traded from 141.00-145.00 and from 227.00-232.00.

Negotiated Sales:

Confirmed:               2,385

Week Ago:                4,951

Year Ago:                  2,138

Formula Net - Dressed Steers & Heifers:

Head count priced today:   23,700

Weighted avg. weight:         865.00

Weighted avg. net price:     224.80

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Cattle Slaughter under Federal Inspection

Tuesday (est)                       125,000

Week ago (est)                     125,000

Year ago (act)                       119,000

Week to Date                       249,000

Same Period Last Week     250,000

Same Period Last Year       237,000

Monday:

Steers & Heifers:  98,000

Cows & Bulls:        26,000

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Boxed Beef:

Cutout Values:

Choice: 269.11… +1.00

Select:  243.88… -1.12

Choice/Select Spread: 25.23

Total Load Count: 115

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Cutter Cow Cutout:

215.58… +1.29

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CME Feeder Cattle Index for July 25th:

169.91… +0.89 / +0.53%

1 Year Change: +10.35%

52 Week Range: 152.31 to 174.05

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Futures Settlements…

Live Cattle:

August: 136.87… -0.88

October: 142.37… -0.98

December: 148.05… -0.57

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Feeder Cattle:

August: 177.42… -1.88

September: 180.42… -2.25

October: 183.22… -2.03

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September Hogs: 93.65… -0.47

September Crude Oil: 94.98… -1.72

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September Corn: 5.9700… +0.1700

September Wheat: 8.0375… +0.3375

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Grain Cash Bids:

Omaha Corn: 7.31… +0.17

Kansas City Wheat: 8.32… +0.37

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Financial Markets:

DJIA: 31,760.85… -229.19

S & P 500: 3,920.53… -46.31

NASDAQ: 11,561.59… -221.08

U.S. Dollar Index: 107.18… +0.70