Jul 27 2022

Texas Daily Ag Market Summary Posted 2 years 124 days ago by Administrator Account

Slaughter Cattle:

As of 3:00 PM Wednesday in Nebraska, negotiated cash trading has been moderate with moderate demand. Compared to last week live purchases traded 1.00-5.50 lower at 138.00 and dressed purchases traded 2.00 lower at 225.00. In the Western Cornbelt negotiated cash trading has been limited on light demand. For the previous week live and dressed purchases traded from 141.00- 145.00 and from 227.00-232.00, respectively. In the Southern Plains negotiated cash trading has been mostly inactive on very light demand. Not enough purchases for a market trend. Tuesday was the last reported market with live purchases at 135.00.

Negotiated Sales:

Confirmed:              23,482

Week Ago:               22,666

Year Ago:                  5,188

Formula Net - Dressed Steers & Heifers:

Head count priced today:  25,700  

Weighted avg. weight:      853.00

Weighted avg. net price:   225.71

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Cattle Slaughter under Federal Inspection

Wednesday (est)                 125,000

Week ago (est)                     124,000

Year ago (act)                       120,000

Week to Date                       374,000

Same Period Last Week     374,000

Same Period Last Year       357,000

Tuesday:

Steers & Heifers:  98,000

Cows & Bulls:        27,000

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Boxed Beef:

Cutout Values:

Choice: 267.99… -1.12

Select:  241.81… -2.07

Choice/Select Spread: 26.18

Total Load Count: 146

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Cutter Cow Cutout:

212.32… -3.27

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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: 136.80… -0.07

October: 142.32… -0.05

December: 148.17… +0.12

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Feeder Cattle:

August: 179.10… +1.68

September: 181.85… +1.43

October: 184.47… +1.25

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September Hogs: 96.45… +2.80

September Crude Oil: 97.26… +2.28

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September Corn: 6.0025… +0.0325

September Wheat: 7.9025… -0.1350

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Grain Cash Bids:

Omaha Corn: 7.41… +0.10

Kansas City Wheat: 8.17… -0.15

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Financial Markets:

DJIA: 32,194.03… +432.29

S & P 500: 4,025.44… +104.39

NASDAQ: 12,025.52… +462.95

U.S. Dollar Index: 106.39… -0.79