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Jun
29
2020

Texas Daily Ag Market News Summary

Posted 3 years 273 days ago by Administrator Account

Daily Market Summary for June 29th

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, trade was light on light to moderate demand in the Western Cornbelt. Compared to last week, early dressed purchases traded steady to 3.00 lower mostly at 153.00. A few early live purchases traded from 95.00-97.00, however not enough for an adequate market test. The latest established live market in the Western Cornbelt was last week with purchases mostly from 97.00-98.00. Trade was mostly inactive on light demand in the Southern and Northern Plains. The latest established market in the Texas Panhandle was last week with live purchases from 93.00-95.00, few up to 97.00. Last week in Kansas live purchases trade from 95.00-97.00, bulk at 97.00. In Nebraska last week, live purchases traded from 95.00-98.00, bulk at 95.00. Dressed purchases last week traded from 155.00-156.00.

   

Negotiated Sales:

Confirmed:              5,738

Week Ago:               4,397

Year Ago:                    241

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:  47,900

Weighted avg. weight:       888 lbs.

Weighted avg. net price:    162.53

        

Cattle Slaughter under Federal Inspection:

Monday (est)                     121,000

Week ago (est)                  119,000

Year ago (act)                    119,000

Previous Day (est)

Steers & Heifers:  94,000

Cows & Bulls:        25,000

                                                                                                              

Boxed Beef:

Cutout Values:

Choice: 208.36… +1.19

Select:  200.71… +1.86

Choice/Select Spread: 7.65

Total Load Count: 150

        

Cutter Cow Cutout:

201.36… +1.93

   

CME Feeder Cattle Index for June 26th:

129.68... -0.36

          

Futures…

Live Cattle:

June: 95.00… +0.30

August: 96.47… +0.45

October: 100.05… +0.58

   

Feeder Cattle:

August: 133.50… +0.90

September: 134.27… +0.50

October: 135.12… +0.40

     

July Hogs: 45.37… +0.10

August Crude Oil: 39.70… +1.21

   

July Corn: 3.2625… +0.0925

July Soybeans: 8.6650… +0.0150

July Wheat: 4.8550… +0.1150

   

Grain Cash Bids:

Kansas City Corn: 3.34… +0.09

Kansas City Soybeans: 8.48… +0.01

Kansas City Wheat: 4.91… +0.24

   

Financial Markets:

DJIA: 25,595.05… +579.57

S & P 500: 3,053.31… +44.29

NASDAQ: 9,874.15… +116.93

U.S. Dollar Index: 97.51… -0.08






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