Jun 06 2023

Texas Daily Ag Market News Summary Posted 1 years 174 days ago by Administrator Account

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Fed Cattle:  As of 3:00 PM Tuesday in the Western Cornbelt, negotiated cash trading has been slow with light to moderate demand. Compared to last week live purchases traded 3.00-5.00 higher at 190.00. A few dressed purchases traded from 295.00-300.00, however, not enough dressed purchases for a market trend. Last week dressed purchases traded from 288.00-292.00. In Nebraska negotiated cash trading has been limited on light demand. A few live and dressed purchases traded at 190.00 and 300.00, respectively. However, not enough purchases for a full market trend. Last week live and dressed purchases traded from 183.00-189.00 and from 285.00-292.00, respectively. In the Southern Plains negotiated cash trading has been mostly inactive with very light demand. Not enough purchases for a market trend. Last week was the most recent reported market. In the Texas Panhandle live purchases traded from 175.00-180.00. In Kansas live purchases traded from 178.00-180.00.

Negotiated Sales:

Confirmed:         9,013

Week Ago:               90

Year Ago:            2,384

Formula Net - Dressed Steers & Heifers:

Head count priced today:   29,200

Weighted avg. weight:         855.00

Weighted avg. net price:     285.23

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Cattle Slaughter under Federal Inspection

Tuesday             125,000

Week Ago          126,000

Year Ago             126,000

Week to Date    246,000

Last Week          128,000

Last Year            249,000 

Monday

Steers & Heifers:  96,000

Cows & Bulls:        25,000

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Boxed Beef:

Cutout Values:

Choice: 321.40… +7.21

Select:  299.44… +2.71

Choice/Select Spread: 21.96

Total Load Count: 126

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Cutter Cow Cutout:

226.67… +0.72

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CME Feeder Cattle Index for June 5th:

218.65… +2.53 / +1.17%

1 Year Change: +37.96%

52 Week Range: 152.72 to 218.65

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Futures Settlements…

Live Cattle:

June: 179.82… +2.67

August: 175.50… +2.23

October: 178.25… +1.93

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Feeder Cattle:

August: 243.32… +0.72

September: 246.57… +0.95

October: 248.87… +1.22

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July Lean Hogs: 88.32… +4.17

July Crude Oil: 71.74… -0.41

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July Corn: 6.0800… +0.1050

July Wheat: 6.2775… +0.0375

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Grain Cash Bids:

Omaha Corn: 6.55… -0.01

Kansas City Wheat: 7.80… -0.02

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Financial Markets:

DJIA: 33,572.60… +10.00

S & P 500: 4,283.73… +9.97

NASDAQ: 13,276.42… +46.99

U.S. Dollar Index: 104.15… +0.15