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Jun
02
2021

Texas Daily Ag Market News Summary

Posted 114 days ago ago by Administrator Account

Daily Market Summary for June 2nd

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 Wednesday, negotiated cash trading in the Southern Plains has been limited on light demand. A few live purchases in the Texas Panhandle traded from 119.00-120.00. In Kansas a few live purchases traded at 120.00. Thus far for Wednesday in Nebraska and Western Cornbelt negotiated cash trading has been slow with moderate demand. In Nebraska a live and dressed purchases traded at 120.00 and from 190.00-191.00, respectively. In the Western Cornbelt a few live and dressed purchases traded at 120.00 and from 190.00-191.00, respectively. However, not enough purchases in any of these regions for a full market trend. Last week in the Texas Panhandle live purchases traded mostly at 120.00. In Kansas for the prior week live purchases traded from 119.00-120.00. For previous week in Nebraska live and dressed purchases traded at 120.00 and 191.00, respectively. Last week in the Western Cornbelt live and dressed purchases traded at 120.00 and from 189.00-191.00, respectively.

 

Negotiated Sales:

Confirmed:      22,951             

Week Ago:       25,190            

Year Ago:         24,735       

 

Formula Net

Dressed Steers & Heifers:

Head count priced today:   20,800

Weighted avg. weight:        847.00

Weighted avg. net price:     195.82

       

Cattle Slaughter under Federal Inspection:

Wednesday (est)                 105,000

Week ago (est)                    120,000

Year ago (act)                      114,000

Week to Date                       201,000

Same Period Last Week    257,000

Same Period Last Year      337,000

Previous Day (est)

Steers & Heifers:  74,000

Cows & Bulls:        20,000

                                                                                                              

Boxed Beef:

Cutout Values:

Choice: 340.16… +5.60

Select:  311.88… +5.43

Choice/Select Spread: 28.28

Total Load Count: 138

            

Cutter Cow Cutout:

215.96… +3.10

   

CME Feeder Cattle Index for June 1st:

136.50… +0.04 / -0.03%

1 Year Change: +6.10%

52 Week Range: 127.93 - 144.04

               

Futures Settlements…

Live Cattle:

June: 117.12… +3.57

August: 119.25… +2.65

October: 124.90… +1.98

   

Feeder Cattle:

August: 152.32… +3.17

September: 154.80… +2.83

October: 156.50… +2.40

     

June Hogs: 118.25… -0.37

June Crude Oil: 68.83… +1.11

   

July Corn: 6.7500… -0.1375

July Wheat: 6.8750… -0.0600

   

Grain Cash Bids:

Kansas City Corn: 6.97… -0.14

Kansas City Wheat: 6.19… -0.04

   

Financial Markets:

DJIA: 34,600.97… +24.67

S & P 500: 4,208.17… +6.14

NASDAQ: 13,756.38… +21.47

U.S. Dollar Index: 89.89… +0.06