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Jun
11
2021

Texas Daily Ag Market News Summary

Posted 105 days ago ago by Administrator Account

Daily Market Summary for June 11th

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, negotiated cash trading in the Western Cornbelt has been limited on light demand. A few live purchases traded at 122.00. However, not enough for a full 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 Friday in Nebraska negotiated cash trading has been mostly inactive on light demand. Not enough purchases for a market trend. The last live purchase market was on Thursday at 120.00, and the last dressed purchase market was on Tuesday from 190.00-191.00. Thus far for Friday in the Southern Plains negotiated cash trading has been at a standstill. The last reported market in the Southern Plains was 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:        2,733             

Week Ago:         6,312      

Year Ago:          4,170

 

Formula Net

Dressed Steers & Heifers:

Head count priced today:   27,000

Weighted avg. weight:        849.00

Weighted avg. net price:     192.85

       

Cattle Slaughter under Federal Inspection:

Friday (est)                            119,000

Week ago (est)                     119,000

Year ago (act)                       114,000

Week to Date                      595,000

Same Period Last Week     440,000

Same Period Last Year       573,000

Previous Day (est)

Steers & Heifers:  96,000

Cows & Bulls:        25,000

                                                                                                               

Boxed Beef:

Cutout Values:

Choice: 337.56… -0.69

Select:  305.21… -5.19

Choice/Select Spread: 32.35

Total Load Count: 78

            

Cutter Cow Cutout:

222.13… -4.26

   

CME Feeder Cattle Index for June 10th:

140.23… +0.32 / +0.23%

1 Year Change: +8.22%

52 Week Range: 128.01 - 144.04

              

Futures Settlements…

Live Cattle:

June: 118.70… +1.13

August: 120.02… +1.47

October: 125.77… +1.57

   

Feeder Cattle:

August: 151.17… +2.77

September: 153.52… +2.62

October: 155.47… +2.35

     

July Hogs: 119.97… -1.35

July Crude Oil: 70.91… +0.62

   

July Corn: 6.8450… -0.1450

July Wheat: 6.8075… -0.0300

   

Grain Cash Bids:

Kansas City Corn: 6.97… -0.14

Kansas City Wheat: 6.23… -0.02

   

Financial Markets:

DJIA: 34,480.65… +14.41

S & P 500: 4,247.47… +8.14

NASDAQ: 14,069.35… +49.02

U.S. Dollar Index: 90.52… +0.44