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Jun
14
2021

Daily AG Market Summary for June 14, 2021

Posted 102 days ago ago by Administrator Account

Daily Market Summary for June 14th

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 Monday in Nebraska, negotiated cash trading has been limited on very light demand. A few live purchases traded at 124.00. However, not enough for a full market trend. Last week live purchases traded at 120.00 and dressed purchases traded from 190.00-191.00. Thus far for Monday in the Southern Plains and Western Cornbelt negotiated cash trading has been at a standstill. Last week in the Southern Plains live purchases traded from 119.00-12.00. For the prior week in the Western Cornbelt live purchases traded from 120.00-121.00 and dressed purchases traded from 190.00-191.00.
  
Negotiated Sales:
Confirmed:        1,493              
Week Ago:            214       
Year Ago:             821
 
Formula Net
Dressed Steers & Heifers:
Head count priced today:   48,900
Weighted avg. weight:        851.00
Weighted avg. net price:     192.54
        
         
Cattle Slaughter under Federal Inspection:
Monday (est)                        119,000
Week ago (est)                     115,000
Year ago (act)                       116,000
Friday
Steers & Heifers:  95,000
Cows & Bulls:        24,000
Saturday 
Steers & Heifers:  56,000
Cows & Bulls:        14,000
                                                                                                               
Boxed Beef:
Cutout Values:
Choice: 335.47… -2.09
Select:  303.41… -1.80
Choice/Select Spread: 32.06
Total Load Count: 80
             
Cutter Cow Cutout
223.79... +1.66
    
CME Feeder Cattle Index for June 11th
139.61… -0.62 / -0.44%
1 Year Change: +8.64%
52 Week Range: 128.01 - 144.04
               
Futures Settlements…
Live Cattle:
June: 119.37… +0.67
August: 121.27… +1.25
October: 126.80… +1.03
    
Feeder Cattle:
August: 154.60… +3.43
September: 156.82… +3.30
October: 158.57… +3.10
      
July Hogs: 118.22… -1.75
July Crude Oil: 70.88… -0.03
    
July Corn: 6.5925… -0.2525
July Wheat: 6.7450… -0.0625
    
Grain Cash Bids
Kansas City Corn: 6.70… -0.27
Kansas City Wheat: 6.12… -0.11
    
Financial Markets:
DJIA: 34,395.33… -85.32
S & P 500: 4,255.32… +7.85
NASDAQ: 14,162.23… +92.88
U.S. Dollar Index: 90.50… -0.06