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Jun
04
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Texas Daily Ag Market News Summary

Posted 112 days ago ago by Administrator Account

Daily Market Summary for June 4th

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 Friday in the Texas Panhandle and Kansas, negotiated cash trading was limited with light demand. In the Texas Panhandle, compared to the last market on Wednesday, live purchases traded steady at 120.00. In Kansas, compared to the last market on Thursday, live purchases traded steady to 1.00 higher at 120.00. Thus far for Friday in Nebraska and Western Cornbelt negotiated cash trading has been mostly inactive on light demand. Not enough purchases in these regions for a full market trend. In both regions on Thursday live purchases traded at 120.00. In both regions on Wednesday dressed purchases traded from 190.00-191.00.

 

Negotiated Sales:

Confirmed:       6,312             

Week Ago:          536          

Year Ago:       13,153       

 

Formula Net

Dressed Steers & Heifers:

Head count priced today:   18,800

Weighted avg. weight:        860.00

Weighted avg. net price:     193.29

       

Cattle Slaughter under Federal Inspection:

Friday (est)                          119,000

Week ago (est)                    117,000

Year ago (act)                      113,000

Week to Date                      440,000

Same Period Last Week    595,000

Same Period Last Year       566,000

Previous Day (est)

Steers & Heifers:  94,000

Cows & Bulls:        26,000

                                                                                                              

Boxed Beef:

Cutout Values:

Choice: 338.98… -1.57

Select:  311.73… -1.43

Choice/Select Spread: 27.25

Total Load Count: 97

            

Cutter Cow Cutout:

219.58… +1.44

   

CME Feeder Cattle Index for June 3rd:

137.50… +0.85 / +0.62%

1 Year Change: +7.48%

52 Week Range: 127.93 - 144.04

               

Futures Settlements…

Live Cattle:

June: 116.82… +0.05

August: 118.07… -0.45

October: 124.05… -0.60

   

Feeder Cattle:

August: 149.92… -3.03

September: 152.75… -2.75

October: 154.95… -2.42

     

June Hogs: 119.50… +0.13

June Crude Oil: 69.62… +0.81

   

July Corn: 6.8275… +0.2075

July Wheat: 6.8775… +0.1150

   

Grain Cash Bids:

Kansas City Corn: 7.00… +0.16

Kansas City Wheat: 6.22… +0.13

   

Financial Markets:

DJIA: 34,757.44… +180.46

S & P 500: 4,229.99… +37.17

NASDAQ: 13,814.49… +200.42

U.S. Dollar Index: 90.12… -0.39