Texas Daily Ag Market News Summary

The Daily Market News Report is brought to you by The Cattle Range. Please visit their website for more information!

 

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Fed Cattle:  As of 3:00 PM Monday in all major feeding regions, negotiated cash trading has been at a standstill. The latest established market in all regions was last week. In the Southern Plains live purchases traded at 180.00. In Nebraska live and dressed purchases traded from 182.00-185.00 and at 290.00, respectively. In the Western Cornbelt live and dressed purchases traded from 184.00-185.00 and at 290.00, respectively.

Negotiated Sales:

Confirmed:       187

Week Ago:          68

Year Ago:          306

Formula Net - Dressed Steers & Heifers:

Head count priced today:   32,500

Weighted avg. weight:         835.00

Weighted avg. net price:     295.47

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Cattle Slaughter under Federal Inspection

Monday             125,000

Week Ago          126,000

Year Ago            125,000

Friday

Steers & Heifers:  94,000

Cows & Bulls:        27,000

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Boxed Beef:

Cutout Values:

Choice: 333.04… -0.97

Select:  299.67… -0.29

Choice/Select Spread: 33.37

Total Load Count: 82

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Cutter Cow Cutout:

232.79… +0.73

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CME Feeder Cattle Index for June 23rd:

221.45… +0.45 / +0.20%

1 Year Change: +35.78%

52 Week Range: 162.90 to 228.25

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Futures Settlements…

Live Cattle:

June: 177.70… +0.20

August: 170.60… -0.17

October: 174.02… -0.48

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Feeder Cattle:

August: 233.67… -0.28

September: 237.50… -0.20

October: 240.10… -0.05

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August Lean Hogs: 90.05… +0.38

August Crude Oil: 69.37… +0.21

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September Corn: 5.8400… -0.0075

September Wheat: 7.3825… -0.0825

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Grain Cash Bids:

Omaha Corn: 6.40… -0.05

Kansas City Wheat: 8.13… +0.06

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Financial Markets:

DJIA: 33,716.10… -12.59

S & P 500: 4,329.02… -19.35

NASDAQ: 13,335.78… -156.74

U.S. Dollar Index: 102.77… -0.13