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Jun
18
2021

Daily AG Market Summary for 18 June, 2021

Posted 98 days ago ago by Administrator Account

Daily Market Summary for June 18th

   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 has been limited on light demand in all major feeding regions. Not enough purchases for a full market trend. Tuesday was the last reported market in the Southern Plains, with live purchases at 122.00. In Nebraska on Tuesday and the Western Cornbelt on Wednesday, live purchases traded at 124.00 and dressed purchases traded at 195.00.
  
Negotiated Sales:
Confirmed:       2,756              
Week Ago:        2,733       
Year Ago:          2,142
Formula Net
Dressed Steers & Heifers:
Head count priced today:   25,100
Weighted avg. weight:        852.00
Weighted avg. net price:     194.11
        
         
Cattle Slaughter under Federal Inspection:
Friday (est)                            117,000
Week ago (est)                     119,000
Year ago (act)                       117,000
Week to Date                       594,000
Same Period Last Week     595,000
Same Period Last Year       588,000
Thursday
Steers & Heifers:  95,000
Cows & Bulls:        25,000
                                                                                                               
Boxed Beef:
Cutout Values:
Choice: 323.28… -2.97
Select:  283.61… -3.63
Choice/Select Spread: 39.67
Total Load Count: 87
             
Cutter Cow Cutout
226.60… +1.30
    
CME Feeder Cattle Index for June 19th
141.28… +0.93 / +0.66%
1 Year Change: +9.94%
52 Week Range: 128.01 - 144.04
               
Futures Settlements…
Live Cattle:
June: 121.05… +0.95
August: 121.55… +0.45
October: 126.95… +0.38
    
Feeder Cattle:
August: 155.02… -2.38
September: 157.22… -1.88
October: 159.05… -1.65
      
July Hogs: 108.67… -2.33
July Crude Oil: 71.64… +0.60
    
July Corn: 6.5525… +0.2225
July Wheat: 6.6275… +0.2375
    
Grain Cash Bids
Kansas City Corn: 6.67… +0.22
Kansas City Wheat: 5.92… +0.22
    
Financial Markets:
DJIA: 33,291.14… -530.54
S & P 500: 4,166.35… -57.84
NASDAQ: 14,030.38… -127.84
U.S. Dollar Index: 92.24… +0.35