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Jun
17
2021

Daily AG Market Summary for 17 June 2021

Posted 122 days ago ago by Administrator Account

Daily Market Summary for June 17th

   
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Slaughter Cattle:
As of 3:00 PM Thursday, negotiated cash trading has been limited on light demand in Kansas, Nebraska, and the Western Cornbelt. Not enough purchases in any of these regions for a full market trend. Negotiated cash trading in the Texas Panhandle has been at a standstill. On Tuesday in the Southern Plains live purchases traded at 122.00. In Nebraska on Tuesday, live purchases traded at 124.00 and dressed purchases traded at 195.00. In the Western Cornbelt on Wednesday live and dressed purchases traded at 124.00 and 195.00, respectively.
  
Negotiated Sales:
Confirmed:       4,033              
Week Ago:        6,044       
Year Ago:        12,495
Formula Net
Dressed Steers & Heifers:
Head count priced today:   29,300
Weighted avg. weight:        859.00
Weighted avg. net price:     196.30
        
         
Cattle Slaughter under Federal Inspection:
Thursday (est)                      120,000
Week ago (est)                     121,000
Year ago (act)                       119,000
Week to Date                       477,000
Same Period Last Week      476,000
Same Period Last Year        471,000
Wednesday
Steers & Heifers:  93,000
Cows & Bulls:        27,000
                                                                                                               
Boxed Beef:
Cutout Values:
Choice: 326.25… -2.92
Select:  287.24… -2.72
Choice/Select Spread: 39.01
Total Load Count: 118
             
Cutter Cow Cutout
225.30… +0.22
    
CME Feeder Cattle Index for June 16th
141.28… +0.93 / +0.66%
1 Year Change: +9.94%
52 Week Range: 128.01 - 144.04
               
Futures Settlements…
Live Cattle:
June: 120.10… -2.20
August: 121.10… -3.82
October: 126.57… -3.40
    
Feeder Cattle:
August: 157.40… -0.30
September: 159.10… -0.70
October: 160.70… -0.62
      
July Hogs: 111.00… -4.50
July Crude Oil: 71.04… -1.11
    
July Corn: 6.3300… -0.4000
July Wheat: 6.3900… -0.2375
    
Grain Cash Bids
Kansas City Corn: 6.45… -0.40
Kansas City Wheat: 5.70… -0.26
    
Financial Markets:
DJIA: 33,821.68… -213.18
S & P 500: 4,224.19… +0.43
NASDAQ: 14,158.22… +117.26
U.S. Dollar Index: 91.92… +0.79