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Jun
10
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Texas Daily Ag Market News Summary

Posted 106 days ago ago by Administrator Account

Daily Market Summary for June 10th

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 Nebraska, negotiated cash trading has been slow with light demand. Live purchases traded steady at 120.00, when compared to the last reported market on Tuesday. Not enough dressed purchases for a market trend. On Tuesday dressed purchases traded from 190.00-191.00. In the Western Cornbelt negotiated cash trading has been mostly inactive on light demand. Not enough purchases for a market trend. Tuesday was the last reported market with live and dressed purchases at 120.00 and from 190.00-191.00, respectively. So far for Thursday in the Southern Plains negotiated cash trading has been at a standstill. The last reported market in the Southern Plains was on Wednesday, in the Texas Panhandle live purchases traded from 119.00-120.00, and in Kansas live purchases traded at 120.00.

 

Negotiated Sales:

Confirmed:        6,044             

Week Ago:       13,521      

Year Ago:         15,265

 

Formula Net

Dressed Steers & Heifers:

Head count priced today:   22,100

Weighted avg. weight:        867.00

Weighted avg. net price:     193.64

       

Cattle Slaughter under Federal Inspection:

Thursday (est)                      121,000

Week ago (est)                     120,000

Year ago (act)                       116,000

Week to Date                      476,000

Same Period Last Week     321,000

Same Period Last Year      459,000

Previous Day (est)

Steers & Heifers:  93,000

Cows & Bulls:        27,000

                                                                                                              

Boxed Beef:

Cutout Values:

Choice: 338.25… -0.40

Select:  310.40… +2.53

Choice/Select Spread: 27.85

Total Load Count: 110

            

Cutter Cow Cutout:

226.39… +4.63

   

CME Feeder Cattle Index for June 9th:

139.91… -0.13 / -0.09%

1 Year Change: +8.14%

52 Week Range: 128.01 - 144.04

              

Futures Settlements…

Live Cattle:

June: 117.57… +0.17

August: 118.55… +0.28

October: 124.20… +0.23

   

Feeder Cattle:

August: 148.40… +0.13

September: 150.90… +0.15

October: 153.12… +0.20

     

June Hogs: 122.45… +0.50

June Crude Oil: 70.29… +0.33

   

July Corn: 6.9900… +0.0825

July Wheat: 6.8375… +0.0150

   

Grain Cash Bids:

Kansas City Corn: 7.11… +0.08

Kansas City Wheat: 6.25… +0.04

   

Financial Markets:

DJIA: 34,466.24… +18.57

S & P 500: 4,239.33… -19.72

NASDAQ: 14,020.33… +108.58

U.S. Dollar Index: 90.07… -0.05