(800)-Tell-TDA
835-5832
Jun
07
2021

Texas Daily Ag Market News Summary

Posted 132 days ago ago by Administrator Account

Daily Market Summary for June 7th

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 r Monday in the Southern Plains and Western Cornbelt, negotiated cash trading has been at a standstill. In Nebraska negotiated cash trading has been mostly inactive with very light demand. Not enough purchases for a market trend. Last week in all regions live purchases traded at 120.00. Last week in Nebraska and Western Cornbelt dressed purchases traded from 190.00-191.00.

 

Negotiated Sales:

Confirmed:          214             

Week Ago:         None          

Year Ago:        12,879        

 

Formula Net

Dressed Steers & Heifers:

Head count priced today:   36,600

Weighted avg. weight:        849.00

Weighted avg. net price:     192.45

       

Cattle Slaughter under Federal Inspection:

Monday (est)                       119,000

Week ago (est)                         2,000

Year ago (act)                       112,000

Previous Day (est)

Steers & Heifers:  95,000

Cows & Bulls:        24,000

                                                                                                              

Boxed Beef:

Cutout Values:

Choice: 338.60… -0.38

Select:  309.17… -2.56

Choice/Select Spread: 29.43

Total Load Count: 98

            

Cutter Cow Cutout:

220.08… +0.20

   

CME Feeder Cattle Index for June 4th:

141.07… +3.57 / +2.60%

1 Year Change: +9.30%

52 Week Range: 128.01 - 144.04

              

Futures Settlements…

Live Cattle:

June: 116.22… -0.60

August: 117.77… -0.30

October: 123.70… -0.35

   

Feeder Cattle:

August: 150.20… +0.28

September: 152.62… -0.13

October: 154.65… -0.30

     

June Hogs: 119.90… +0.40

June Crude Oil: 69.23… -0.39

   

July Corn: 6.7925… -0.0350

July Wheat: 6.8000… -0.0775

   

Grain Cash Bids:

Kansas City Corn: 6.91… -0.04

Kansas City Wheat: 6.15… -0.07

   

Financial Markets:

DJIA: 34,629.38… -128.06

S & P 500: 4,226.51… -3.48

NASDAQ: 13,884.46… +69.97

U.S. Dollar Index: 89.96… -0.18