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Jun
15
2021

Daily AG Market Summary for June 15th, 2021

Posted 101 days ago ago by Administrator Account

Daily Market Summary for June 15th

   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 Tuesday, negotiated cash trading in Nebraska and the Western Cornbelt has been limited on light demand with a few dressed purchases at 195.00, however not enough for a full market trend. Last week in Nebraska live purchases traded at 120.00 and dressed purchases traded from 190.00-191.00. In the Western Cornbelt last week live purchases traded from 120.00-121.00 and dressed purchases traded from 190.00-191.00. Negotiated cash trading has been mostly inactive on very light demand in Kansas, and at a standstill in the Texas Panhandle. Not enough purchases in either region for a full market trend. Last week in the Southern Plains live purchases traded from 119.00-120.00.
  
Negotiated Sales:
Confirmed:        9,563              
Week Ago:       20,159       
Year Ago:         17,409
Formula Net
Dressed Steers & Heifers:
Head count priced today:   19,000
Weighted avg. weight:        842.00
Weighted avg. net price:     196.62
        
         
Cattle Slaughter under Federal Inspection:
Tuesday (est)                        121,000
Week ago (est)                     120,000
Year ago (act)                       117,000
Week to Date                       237,000
Same Period Last Week     235,000
Same Period Last Year       233,000
Monday
Steers & Heifers:  92,000
Cows & Bulls:        24,000
                                                                                                               
Boxed Beef:
Cutout Values:
Choice: 334.43… -1.04
Select:  298.28… -5.13
Choice/Select Spread: 36.15
Total Load Count: 128
             
Cutter Cow Cutout
224.53… +0.74
    
CME Feeder Cattle Index for June 14th
140.22… +0.61 / +0.44%
1 Year Change: +8.88%
52 Week Range: 128.01 - 144.04
               
Futures Settlements…
Live Cattle:
June: 121.22… +1.85
August: 123.90… +2.63
October: 128.62… +1.82
    
Feeder Cattle:
August: 156.82… +2.22
September: 158.65… +1.83
October: 160.02… +1.45
      
July Hogs: 118.50… +0.28
July Crude Oil: 72.12… +1.24
    
July Corn: 6.6750… +0.0825
July Wheat: 6.6150… -0.1300
    
Grain Cash Bids
Kansas City Corn: 6.80… +0.09
Kansas City Wheat: 5.98… -0.15
    
Financial Markets:
DJIA: 34,299.99… -95.34
S & P 500: 4,246.82… -8.50
NASDAQ: 14,072.86… -89.37
U.S. Dollar Index: 90.53… +0.01