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09
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Texas Daily Ag Market News Summary

Posted 130 days ago ago by Administrator Account

Daily Market Summary for June 9th

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 in the Southern Plains, Nebraska, and Western Cornbelt, negotiated cash trading has been limited on moderate demand. In the Texas Panhandle, compared to last week, live purchases traded steady to 0.50 lower from 119.50-120.00. In Kansas, compared to the prior week, live purchases traded mostly steady at 120.00. In Nebraska a few live purchases traded from 120.00-121.00. However, not enough live or dressed purchases for a full market trend. Tuesday was the last reported market with live and dressed purchases at 120.00 and from 190.0-191.00, respectively. In the Western Cornbelt not enough purchases for a market trend. Tuesday was the last reported market with live and dressed purchases at 120.00 and from 190.0-191.00, respectively.

 

Negotiated Sales:

Confirmed:      23,934             

Week Ago:       23,951      

Year Ago:         19,060

 

Formula Net

Dressed Steers & Heifers:

Head count priced today:   14,000

Weighted avg. weight:        856.00

Weighted avg. net price:    195.54

        

Cattle Slaughter under Federal Inspection:

Wednesday (est)                 120,000

Week ago (est)                     105,000

Year ago (act)                       116,000

Week to Date                       355,000

Same Period Last Week      201,000

Same Period Last Year       343,000

Previous Day (est)

Steers & Heifers:  96,000

Cows & Bulls:        24,000

                                                                                                               

Boxed Beef:

Cutout Values:

Choice: 338.65… +0.04

Select:  307.87… +1.69

Choice/Select Spread: 30.78

Total Load Count: 102

            

Cutter Cow Cutout:

221.76… -0.73

   

CME Feeder Cattle Index for June 8th:

140.04… -0.08 / -0.06%

1 Year Change: +7.97%

52 Week Range: 128.01 - 144.04

              

Futures Settlements…

Live Cattle:

June: 117.40… +0.68

August: 118.27… +0.45

October: 123.97… +0.05

   

Feeder Cattle:

August: 148.27… -0.98

September: 150.75… -1.20

October: 152.92… -1.33

     

June Hogs: 121.95… +1.25

June Crude Oil: 69.96… -0.09

   

July Corn: 6.9075… +0.1075

July Wheat: 6.8225… -0.0275

   

Grain Cash Bids:

Kansas City Corn: 7.03… +0.11

Kansas City Wheat: 6.21… +0.03

   

Financial Markets:

DJIA: 34,447.67… -150.90

S & P 500: 4,219.61… -7.62

NASDAQ: 13,911.75… -17.59

U.S. Dollar Index: 90.16… +0.08