Jun 25 2021

Texas Daily Ag Market News Summary Posted 2 years 304 days ago by Administrator Account

Daily Market Summary for June 25^th

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

 

Negotiated Sales:

Confirmed:       1,979             

Week Ago:        2,756      

Year Ago:          2,142

Formula Net

Dressed Steers & Heifers:

Head count priced today:   21,000

Weighted avg. weight:         858.00

Weighted avg. net price:     198.06

       

Cattle Slaughter under Federal Inspection:

Friday (est)                            116,000

Week ago (est)                     117,000

Year ago (act)                       118,000

Week to Date                       591,000

Same Period Last Week     594,000

Same Period Last Year       587,000

Thursday

Steers & Heifers:  95,000

Cows & Bulls:        24,000

                                                                                                               

Boxed Beef:

Cutout Values:

Choice: 304.56… -2.86

Select:  276.18… +0.04

Choice/Select Spread: 28.38

Total Load Count: 93

            

Cutter Cow Cutout:

228.36… -0.02

   

CME Feeder Cattle Index for June 24^th:

146.29… -0.20 / -0.14%

1 Year Change: +12.50%

52 Week Range: 128.88 – 146.49

              

Futures Settlements…

Live Cattle:

June: 122.82… Unchanged

August: 122.80… +0.18

October: 128.40… +0.13

   

Feeder Cattle:

August: 159.55… +2.40

September: 161.25… +2.05

October: 162.70… +1.60

     

July Hogs: 101.95… +1.93

July Crude Oil: 74.05… +0.75

   

July Corn: 6.3650… -0.1675

July Wheat: 6.3700… -0.1425

   

Grain Cash Bids:

Kansas City Corn: 6.49… -0.16

Kansas City Wheat: 5.85… -0.06

   

Financial Markets:

DJIA: 34,435.23… +238.15

S & P 500: 4,280.77… +14.28

NASDAQ: 14,361.31… -6.91

U.S. Dollar Index: 91.79… -0.02