Jun 03 2021

Texas Daily Ag Market News Summary Posted 2 years 320 days ago by Administrator Account

Daily Market Summary for June 3^rd

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Slaughter Cattle:

As of 3:00 PM Thursday in Kansas, Nebraska, and Western Cornbelt, negotiated cash trading has been limited on light to moderate demand. In Kansas a few live purchases traded from 119.00-120.00. Not enough for a full market trend. Wednesday live traded at 120.00. In Nebraska live purchases traded steady with the last market on Wednesday at 120.00. Not enough dressed purchases for a trend, Wednesday dressed traded from 190.00-191.00. In the Western Cornbelt live purchases traded steady with Wednesday at 120.00. A few dressed purchases traded at 190.00, not enough for a full market trend. Wednesday dressed traded from 190.00-191.00. Thus far for Thursday in the Texas Panhandle negotiated cash trading has been at a standstill. Wednesday saw live purchases at 120.00.

 

Negotiated Sales:

Confirmed:      13,521             

Week Ago:         1,991          

Year Ago:         31,801       

 

Formula Net

Dressed Steers & Heifers:

Head count priced today:   17,700

Weighted avg. weight:        851.00

Weighted avg. net price:     196.85

       

Cattle Slaughter under Federal Inspection:

Thursday (est)                     120,000

Week ago (est)                    121,000

Year ago (act)                      116,000

Week to Date                      321,000

Same Period Last Week    478,000

Same Period Last Year      453,000

Previous Day (est)

Steers & Heifers:  81,000

Cows & Bulls:        24,000

                                                                                                              

Boxed Beef:

Cutout Values:

Choice: 340.55… +0.39

Select:  313.16… +1.28

Choice/Select Spread: 27.39

Total Load Count: 138

            

Cutter Cow Cutout:

218.14… +2.18

   

CME Feeder Cattle Index for June 2^nd:

136.65… +0.15 / +0.11%

1 Year Change: +6.22%

52 Week Range: 127.93 - 144.04

              

Futures Settlements…

Live Cattle:

June: 116.77… -0.35

August: 118.52… -0.73

October: 124.65… -0.25

   

Feeder Cattle:

August: 152.95… +0.63

September: 155.50… +0.70

October: 157.37… +0.87

     

June Hogs: 119.37… +1.12

June Crude Oil: 68.81… -0.02

   

July Corn: 6.6200… -0.1300

July Wheat: 6.7625… -0.1125

   

Grain Cash Bids:

Kansas City Corn: 6.84… -0.13

Kansas City Wheat: 6.09… -0.10

   

Financial Markets:

DJIA: 34,576.98… -23.99

S & P 500: 4,192.82… -15.35

NASDAQ: 13,614.07… -142.31

U.S. Dollar Index: 90.48… +0.57