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Jun
08
2020

Texas Daily Ag Market News Summary

Posted 3 years 294 days ago by Administrator Account

Daily Market Summary for June 8th

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



Slaughter Cattle:

As of 3:00 PM Monday, negotiated cash trading has been at a standstill in the Southern Plains and Western Cornbelt. In Nebraska negotiated cash trading has been inactive on very light demand. Not enough trades for a market trend. Last week in the Southern Plains the bulk of live trades ranged from 105.00-117.00. For the prior week in Nebraska the bulk of live and dressed trades moved from 110.00-118.00 and 175.00-185.00, respectively. For the previous week in the Western Cornbelt live trades moved from 108.00-114.00 and the bulk of dressed trades moved from 175.00-185.00.                           

   

Negotiated Sales:

Confirmed:                  821

Week Ago:             12,879

Year Ago:                    329

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:  31,500

Weighted avg. weight:       884 lbs.

Weighted avg. net price:    188.62

        

Cattle Slaughter under Federal Inspection:

Monday (est)                     117,000

Week ago (est)                  110,000

Year ago (act)                    119,000

Previous Day (est)

Steers & Heifers:  93,000

Cows & Bulls:        23,000

                                                                                                              

Boxed Beef:

Cutout Values:

Choice: 254.58… -6.90

Select:  231.12… -15.30

Choice/Select Spread: 23.46

Total Load Count: 223

        

Cutter Cow Cutout:

227.83… +5.16

   

CME Feeder Cattle Index for June 5th:

129.07… +1.16

          

Futures…

Live Cattle:

June: 94.12… +0.22

August: 96.32… +0.15

October: 99.37… +0.07

   

Feeder Cattle:

August: 133.07… -1.10

September: 134.52… -0.95

October: 135.02… -1.05

     

July Hogs: 53.97… +0.05

July Crude Oil: 38.19… -1.36

   

July Corn: 3.3375… +0.0250

July Soybeans: 8.6475… -0.0300

July Wheat: 5.1150… -0.0375

   

Grain Cash Bids:

Kansas City Corn: 3.38… +0.03

Kansas City Soybeans: 8.52… -0.03

Kansas City Wheat: 5.02… -0.04

   

Financial Markets:

DJIA: 27,572.44… +461.46

S & P 500: 3,232.39… +38.46

NASDAQ: 9,924.75… +110.67

U.S. Dollar Index: 96.65… -0.30






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