Jun 29 2021

Daily AG Market Summary for June 29, 2021 Posted 2 years 295 days ago by Administrator Account

Daily Market Summary for June 29th

 

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, USDA reported Tuesday negotiated cash trading has been mostly inactive on very light demand in the Western Cornbelt. Not enough purchases for a full market trend. Negotiated cash trading has been at a standstill in all other major feeding regions. On Monday in Nebraska live purchases traded at 126.50, and last week dressed purchases traded at 197.00. Last week in the Western Cornbelt live purchases traded from 125.00-126.00 and dressed purchases traded at 197.00. The latest reported market in the Southern Plains was two weeks ago with live purchases at 122.00.

  

Negotiated Sales:

Confirmed:          396              

Week Ago:        4,314       

Year Ago:          8,883

Formula Net

Dressed Steers & Heifers:

Head count priced today:   26,600

Weighted avg. weight:         844.00

Weighted avg. net price:     199.44

        

         

Cattle Slaughter under Federal Inspection:

Tuesday (est)                        120,000

Week ago (est)                     121,000

Year ago (act)                       120,000

Week to Date                       238,000

Same Period Last Week     239,000

Same Period Last Year       237,000

Monday

Steers & Heifers:  94,000

Cows & Bulls:        24,000

                                                                                                               

Boxed Beef:

Cutout Values:

Choice: 292.34… -5.09

Select:  270.40… -3.56

Choice/Select Spread: 21.94

Total Load Count: 127

             

Cutter Cow Cutout: 

231.21… +1.86

    

CME Feeder Cattle Index for June 28th: 

146.72… +0.54 / +0.37%

1 Year Change: +13.37%

52 Week Range: 128.88 – 146.72

               

Futures Settlements…

Live Cattle:

June: 122.55… +0.45

August: 121.92… +0.32

October: 127.75… +0.23

    

Feeder Cattle:

August: 157.40… +1.05

September: 159.80… +0.73

October: 161.57… +0.52

      

July Hogs: 106.97… +2.02

July Crude Oil: 72.98… +0.07

    

July Corn: 6.9450… +0.1900

July Wheat: 6.3975… -0.0625

    

Grain Cash Bids: 

Kansas City Corn: 7.07… +0.19

Kansas City Wheat: 6.03… Unchanged

    

Financial Markets:

DJIA: 34,303.84… +21.56

S & P 500: 4,292.74… +2.17

NASDAQ: 14,529.12… +28.61

U.S. Dollar Index: 92.07… +0.18