Jun 17 2020

Daily AG Market Summary Posted 3 years 310 days ago by Administrator Account

Daily Market Summary for June 17th

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

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Slaughter Cattle:

As of 3:00 PM Wednesday, trade and demand were moderate in all feeding regions. In the Texas Panhandle compared to Tuesday, live purchases traded steady to 2.00 higher from 100.00-102.00, bulk at 102.00. In Kansas compared to last week, live purchases traded 2.00-6.00 lower from 100.00-102.00, bulk at 102.00. In Nebraska compared to last week, live purchases traded 2.00-6.00 lower from 100.00-102.00, bulk at 102.00. Compared to Tuesday, dressed purchases traded mostly 2.00 higher from 160.00-162.00. In the Western Cornbelt compared to Tuesday, dressed purchases traded mostly 2.00 higher from 160.00-162.00. The latest established live market in the Western Cornbelt was on Tuesday with live purchases from 99.00-102.00.

    

Negotiated Sales:

Confirmed:             36,233

Week Ago:              19,060

Year Ago:                  5,542

       

Formula Net

Dressed Steers & Heifers:

Head count priced today:  13,600

Weighted avg. weight:       871 lbs.

Weighted avg. net price:    178.98

         

Cattle Slaughter under Federal Inspection:

Wednesday (est)               120,000

Week ago (est)                  116,000

Year ago (act)                    122,000

Week to Date                    358,000

Same Period Last Week   350,000

Same Period Last year     364,000

Previous Day (est)

Steers & Heifers:  93,000

Cows & Bulls:        26,000

                                                                                                               

Boxed Beef:

Cutout Values:

Choice: 217.93… -9.96

Select:  208.08… -5.09

Choice/Select Spread: 9.85

Total Load Count: 200

         

Cutter Cow Cutout:

206.93… -0.63

    

CME Feeder Cattle Index for June 16th: 

128.41… -0.37

           

Futures…

Live Cattle:

June: 96.50… +0.18

August: 96.85… +0.08

October: 99.82… +0.07

    

Feeder Cattle:

August: 133.57… +0.70

September: 134.95… +0.50

October: 135.72… +0.25

      

July Hogs: 49.65… Unchanged

July Crude Oil: 37.96… -0.42

    

July Corn: 3.3025… +0.0125

July Soybeans: 8.7125… +0.0425

July Wheat: 4.8875… -0.0725

    

Grain Cash Bids: 

Kansas City Corn: 3.38… -0.02

Kansas City Soybeans: 8.56… +0.02

Kansas City Wheat: 4.81… -0.05

    

Financial Markets:

DJIA: 26,119.13… -170.85

S & P 500: 3,113.41… -11.33

NASDAQ: 9,910.53… +14.66

U.S. Dollar Index: 97.12… +0.16