Jul 21 2020

Texas Daily Ag Market News Summary Posted 3 years 272 days ago by Administrator Account

Daily Market Summary for July 21^st

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 Tuesday, negotiated cash trading in the Southern Plains have been slow on light to moderate demand. A few early live trades moved mostly at 96.00. However, not enough trades for a full market trend. In the Northern Plains and Western Cornbelt negotiated cash trading has been inactive on very light demand. Not enough trades for a market trend. The latest established market in any region was last week with live purchases in the Southern Plains mostly at 95.00. In Nebraska, live purchases traded from 96.00-97.50 with dressed purchases mostly at 157.00. In Colorado live purchases traded at 96.00. 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:              9,504

Week Ago:             14,574

Year Ago:                    259

      

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:

Tuesday (est)                     118,000

Week ago (est)                  119,000

Year ago (act)                    121,000

Week to Date                    235,000

Same Period Last Week   234,000

Same Period Last year     236,000

Previous Day (est)

Steers & Heifers:  94,000

Cows & Bulls:        23,000

                                                                                                               

Boxed Beef:

Cutout Values:

Choice: 200.88… -0.86

Select:  191.30… -0.29

Choice/Select Spread: 9.58

Total Load Count: 159

        

Cutter Cow Cutout:

189.51… -3.38

   

CME Feeder Cattle Index for July 20^th:

136.48… +0.17

          

Futures…

Live Cattle:

August: 101.85… -0.42

October: 106.12… -0.25

December: 110.30… -0.15

   

Feeder Cattle:

August: 141.32… -0.28

September: 142.97… -0.03

October: 143.12… +0.15

     

August Hogs: 51.47… +1.07

August Crude Oil: 41.96… +1.15

   

September Corn: 3.2275… -0.0550

August Soybeans: 8.9650… -0.0650

September Wheat: 5.2775… +0.0575

   

Grain Cash Bids:

Kansas City Corn: 3.25… -0.05

Kansas City Soybeans: 8.70… -0.07

Kansas City Wheat: 5.33… +0.06

   

Financial Markets:

DJIA: 26,840.40… +159.47

S & P 500: 3,257.30… +5.44

NASDAQ: 10,680.36… -86.73

U.S. Dollar Index: 95.21… -0.62