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Texas Daily Ag Market News Summary

Posted 118 days ago ago by Administrator Account

Daily Market Summary for June 21st

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, negotiated cash trading in the Western Cornbelt has been mostly inactive with very light demand. Not enough purchases for a market trend. In the Southern Plains and Nebraska negotiated cash trading has been at a standstill. Last week in the Southern Plains live purchases traded at 122.00. For the prior week in Nebraska and Western Cornbelt live and dressed purchases traded at 124.00 and 195.00, respectively.

 

Negotiated Sales:

Confirmed:          448             

Week Ago:        1,493      

Year Ago:          9,869

Formula Net

Dressed Steers & Heifers:

Head count priced today:   43,800

Weighted avg. weight:         854.00

Weighted avg. net price:     192.88

       

Cattle Slaughter under Federal Inspection:

Monday (est)                        118,000

Week ago (est)                     116,000

Year ago (act)                       115,000

Friday

Steers & Heifers:  93,000

Cows & Bulls:        24,000

Saturday

Steers & Heifers:  56,000

Cows & Bulls:        14,000

                                                                                                               

Boxed Beef:

Cutout Values:

Choice: 321.20… -2.08

Select:  281.46… -2.15

Choice/Select Spread: 39.74

Total Load Count: 90

            

Cutter Cow Cutout:

227.32… +0.72

   

CME Feeder Cattle Index for June 18th:

144.58… +3.30 / +2.34%

1 Year Change: +11.97%

52 Week Range: 128.71 - 144.58

              

Futures Settlements…

Live Cattle:

June: 120.97… -0.08

August: 121.02… -0.53

October: 126.65… -0.30

   

Feeder Cattle:

August: 155.10… -0.08

September: 157.37… +0.15

October: 159.32… +0.27

     

July Hogs: 107.05… -1.62

July Crude Oil: 73.66… +2.02

   

July Corn: 6.5925… +0.0400

July Wheat: 6.6150… -0.0125

   

Grain Cash Bids:

Kansas City Corn: 6.71… +0.04

Kansas City Wheat: 5.85… -0.07

   

Financial Markets:

DJIA: 33,891.33… +600.19

S & P 500: 4,224.58… +58.23

NASDAQ: 14,144.62… +114.24

U.S. Dollar Index: 91.86… -0.37