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Jun
03
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Texas Daily Ag Market News Summary

Posted 113 days ago ago by Administrator Account

Daily Market Summary for June 3rd

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 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 2nd:

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