Jun 05 2020

Texas Daily Ag Market News Summary Posted 3 years 325 days ago by Administrator Account

Daily Market Summary for June 5^th

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Slaughter Cattle:

As of 3:00 PM Friday, trade was slow on light demand the Texas Panhandle and Nebraska. A few live purchases were reported in the Texas Panhandle from 100.00-110.00, however not enough for an adequate market test. The latest established market in the Texas Panhandle was on Thursday with live purchases mostly at 105.00. In Nebraska a few live purchases were reported at 110.00, however not enough for and adequate market test. The latest established live market was on Wednesday from 109.00-117.00 with dressed purchases on Thursday at 175.00. Trade was inactive on light demand in all other regions. On Thursday in Kansas live purchases traded at 105.00. In the Western Cornbelt on Wednesday, live purchases traded from 108.00-110.00, bulk at 110.00. Dressed purchases on Thursday traded from 165.00-175.00.                             

   

Negotiated Sales:

Confirmed:              4,170

Week Ago:             13,153

Year Ago:                  9,262

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:  19,400

Weighted avg. weight:       882 lbs.

Weighted avg. net price:    189.71

        

Cattle Slaughter under Federal Inspection:

Friday (est)                         116,000

Week ago (est)                  111,000

Year ago (act)                    119,000

Week to Date                    573,000

Same Period Last Week   441,000

Same Period Last year     601,000

Previous Day (est)

Steers & Heifers:  93,000

Cows & Bulls:        24,000

                                                                                                              

Boxed Beef:

Cutout Values:

Choice: 261.48… -10.78

Select:  246.42… -13.99

Choice/Select Spread: 15.06

Total Load Count: 155

        

Cutter Cow Cutout:

222.67… -5.36

   

CME Feeder Cattle Index for June 4^th:

127.93… -0.72

          

Futures…

Live Cattle:

June: 93.90… -1.82

August: 96.17… -1.75

October: 99.30… -1.57

   

Feeder Cattle:

August: 134.17… -0.55

September: 135.47… -1.03

October: 136.07… -1.20

     

July Hogs: 53.92… +0.35

July Crude Oil: 39.55… +2.14

   

July Corn: 3.3125… +0.0225

July Soybeans: 8.6775… Unchanged

July Wheat: 5.1525… -0.0850

   

Grain Cash Bids:

Kansas City Corn: 3.35… +0.02

Kansas City Soybeans: 8.55… Unchanged

Kansas City Wheat: 5.05… -0.07

   

Financial Markets:

DJIA: 27,110.98… +829.16

S & P 500: 3,193.93… +81.58

NASDAQ: 9,814.08… +198.27

U.S. Dollar Index: 96.95… +0.27