Jul 20 2020

Texas Daily Ag Market News Summary Posted 3 years 274 days ago by Administrator Account

Daily Market Summary for July 20^th

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

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Slaughter Cattle:

As of 3:00 PM Monday, negotiated cash trade was mostly inactive on light demand in all regions. The latest established market in any region was last week with live purchases in the Southern Plains mostly at 95.00. Last week in Nebraska, live purchases traded from 96.00-97.50 with dressed purchases mostly at 157.00. In Colorado last week, live purchases traded at 96.00. For the previous week in the Western Cornbelt, live purchases traded from 97.00-100.00 with dressed purchases at 157.00, few up to 160.00.

   

Negotiated Sales:

Confirmed:              427

Week Ago:                 84

Year Ago:                 725

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:  52,300

Weighted avg. weight:       885 lbs.

Weighted avg. net price:    151.81

        

Cattle Slaughter under Federal Inspection:

Monday (est)                     117,000

Week ago (est)                  115,000

Year ago (act)                    115,000

Previous Day (est)

Steers & Heifers:  93,000

Cows & Bulls:        22,000

                                                                                                               

Boxed Beef:

Cutout Values:

Choice: 201.74… +1.27

Select:  191.59… +1.28

Choice/Select Spread: 10.15

Total Load Count: 110

        

Cutter Cow Cutout:

192.89… -0.38

   

CME Feeder Cattle Index for July 17^th:

136.31… -0.30

          

Futures…

Live Cattle:

August: 102.27… -1.00

October: 106.37… -0.50

December: 110.45… -0.25

   

Feeder Cattle:

August: 141.60… -1.10

September: 143.00… -0.32

October: 142.97… -0.63

     

August Hogs: 50.40… -2.40

August Crude Oil: 40.81… +0.22

   

September Corn: 3.2825… -0.0475

August Soybeans: 9.0300… +0.0500

September Wheat: 5.2200… -0.1275

   

Grain Cash Bids:

Kansas City Corn: 3.30… -0.05

Kansas City Soybeans: 8.77… +0.02

Kansas City Wheat: 5.30… -0.12

   

Financial Markets:

DJIA: 26,680.93… +8.98

S & P 500: 3,251.86… +27.13

NASDAQ: 10,767.09… +263.90

U.S. Dollar Index: 95.82… -0.12