Jun 22 2021

Texas Daily Ag Market News Summary Posted 2 years 308 days ago by Administrator Account

Daily Market Summary for June 22^nd

The Daily Market News Report bought to you by The Cattle Range. Please visit their website for more information!

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Slaughter Cattle:

As of 3:00 PM Tuesday in the Southern Plains and Western Cornbelt, negotiated cash trading has been limited on light demand. In Nebraska negotiated cash trading has been mostly inactive on light demand. Not enough purchases in any region for a full market trend. 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:       4,064             

Week Ago:        9,563      

Year Ago:        17,409

Formula Net

Dressed Steers & Heifers:

Head count priced today:   20,900

Weighted avg. weight:         862.00

Weighted avg. net price:     197.63

       

Cattle Slaughter under Federal Inspection:

Tuesday (est)                        121,000

Week ago (est)                     121,000

Year ago (act)                       118,000

Week to Date                      239,000

Same Period Last Week     237,000

Same Period Last Year       233,000

Monday

Steers & Heifers:  94,000

Cows & Bulls:        24,000

                                                                                                              

Boxed Beef:

Cutout Values:

Choice: 315.75… -5.45

Select:  279.75… -1.71

Choice/Select Spread: 36.00

Total Load Count: 108

            

Cutter Cow Cutout:

227.19… -0.13

   

CME Feeder Cattle Index for June 21^st:

145.24… +0.66 / +0.46%

1 Year Change: +12.84%

52 Week Range: 128.71 – 145.24

              

Futures Settlements…

Live Cattle:

June: 123.10… +2.13

August: 123.17… +2.15

October: 128.37… +1.72

   

Feeder Cattle:

August: 158.35… +3.25

September: 160.35… +2.98

October: 162.12… +2.80

     

July Hogs: 107.52… +0.47

July Crude Oil: 73.66

   

July Corn: 6.5975… +0.0050

July Wheat: 6.5100… -0.1050

   

Grain Cash Bids:

Kansas City Corn: 6.72… +0.01

Kansas City Wheat: 5.82… -0.03

   

Financial Markets:

DJIA: 33,945.71… +54.38

S & P 500: 4,246.45… +21.87

NASDAQ: 14,253.27… +108.65

U.S. Dollar Index: 91.70… -0.20