Jul 01 2021

Texas Daily Ag Market News Summary Posted 2 years 298 days ago by Administrator Account

Daily Market Summary for July 1^st

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Slaughter Cattle:

As of 3:00 PM, USDA reported Thursday negotiated cash trading has been limited on light demand in all major feeding regions. Not enough purchases in any region for a full market trend. In Kansas on Wednesday, live purchases traded from 120.00-122.00. In the Texas Panhandle on Tuesday, live purchases traded from 121.25-122.00. On Wednesday in Nebraska, live and dressed purchases traded from 125.00-126.00 and at 198.00, respectively. In the Western Cornbelt on Wednesday, live and dressed purchases traded from 124.00-126.00 and from 197.00-198.00, respectively.

 

Negotiated Sales:

Confirmed:       6,670             

Week Ago:        8,445      

Year Ago:        26,775

Formula Net

Dressed Steers & Heifers:

Head count priced today:    30,500

Weighted avg. weight:         858.00

Weighted avg. net price:     199.82

       

        

Cattle Slaughter under Federal Inspection:

Thursday (est)                      119,000

Week ago (est)                     119,000

Year ago (act)                       119,000

Week to Date                       477,000

Same Period Last Week     475,000

Same Period Last Year       474,000

Wednesday

Steers & Heifers:  93,000

Cows & Bulls:        27,000

                                                                                                               

Boxed Beef:

Cutout Values:

Choice: 287.65… -3.64

Select:  266.93… -2.34

Choice/Select Spread: 20.72

Total Load Count: 137

            

Cutter Cow Cutout:

229.33… +0.28

   

CME Feeder Cattle Index for June 30^th:

146.31… -0.79 / -0.54%

1 Year Change: +13.37%

52 Week Range: 128.88 – 147.10

              

Futures Settlements…

Live Cattle:

August: 123.57… +0.85

October: 129.25… +1.10

December: 133.20… +1.10

   

Feeder Cattle:

August: 156.32… +1.70

September: 159.07… +1.65

October: 161.07… +1.55

     

August Hogs: 100.30… -2.95

August Crude Oil: 75.23… +1.76

   

September Corn: 7.1975… -0.0025

September Wheat: 6.5850… -0.1300

   

Grain Cash Bids:

Kansas City Corn: 6.94… +0.03

Kansas City Wheat: 6.14… -0.21

   

Financial Markets:

DJIA: 34,630.14… +127.56

S & P 500: 4,318.23… +21.36

NASDAQ: 14,517.49… +13.50

U.S. Dollar Index: 92.58… +0.14