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Jun
16
2021

Daily AG Market Summary for June 16, 2021

Posted 130 days ago ago by Administrator Account

Daily Market Summary for June 16th

   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, negotiated cash trading has been slow on light demand in Kansas with live purchases steady compared to Tuesday at 122.00. In Nebraska, negotiated cash trading has been slow on light demand with live purchases steady compared to Tuesday at 124.00. Not enough dressed purchases for a full market trend. The last reported dressed market in Nebraska was on Tuesday at 195.00. Negotiated cash trading in the Texas Panhandle and the Western Cornbelt has been limited on light demand. Not enough purchases in either region for a full market trend. On Tuesday in the Texas Panhandle live purchases traded at 122.00. The last reported market in the Western Cornbelt was last week with live purchases from 120.00-121.00 and dressed purchases from 190.00-191.00.
  
Negotiated Sales:
Confirmed:       21,311              
Week Ago:       23,934       
Year Ago:         36,233
Formula Net
Dressed Steers & Heifers:
Head count priced today:   21,500
Weighted avg. weight:        846.00
Weighted avg. net price:     195.20
        
         
Cattle Slaughter under Federal Inspection:
Wednesday (est)                  120,000
Week ago (est)                     120,000
Year ago (act)                       119,000
Week to Date                       357,000
Same Period Last Week      355,000
Same Period Last Year        352,000
Tuesday
Steers & Heifers:  96,000
Cows & Bulls:        25,000
                                                                                                               
Boxed Beef:
Cutout Values:
Choice: 329.17… -5.26
Select:  289.96… -8.32
Choice/Select Spread: 39.21
Total Load Count: 141
             
Cutter Cow Cutout
225.08… +0.55
    
CME Feeder Cattle Index for June 15th
140.35… +0.13 / +0.09%
1 Year Change: +9.30%
52 Week Range: 128.01 - 144.04
               
Futures Settlements…
Live Cattle:
June: 122.30… +1.08
August: 124.92… +1.02
October: 129.97… +1.35
    
Feeder Cattle:
August: 157.70… +0.88
September: 159.80… +1.15
October: 161.32… +1.30
      
July Hogs: 115.50… -3.00
July Crude Oil: 72.15… +0.03
    
July Corn: 6.7300… +0.0550
July Wheat: 6.6275… +0.0125
    
Grain Cash Bids
Kansas City Corn: 6.84… +0.04
Kansas City Wheat: 5.97… -0.01
    
Financial Markets:
DJIA: 34,034.86… -265.13
S & P 500: 4,223.76… -23.06
NASDAQ: 14,040.96… -31.90
U.S. Dollar Index: 91.17… +0.64