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Jul
02
2021

Texas Daily Ag Market News Summary

Posted 2 years 270 days ago by Administrator Account

Daily Market Summary for July 2nd

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, USDA reported Friday negotiated cash trading has been limited on light demand in Nebraska and the Western Cornbelt. Not enough purchases in either region for a full market trend. Negotiated cash trading in the Southern Plains has been at a standstill. 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:       4,424             

Week Ago:        1,944      

Year Ago:          None

Formula Net

Dressed Steers & Heifers:

Head count priced today:   23,100

Weighted avg. weight:         854.00

Weighted avg. net price:     200.98

       

Cattle Slaughter under Federal Inspection:

Friday (est)                           113,000

Week ago (est)                     116,000

Year ago (act)                       107,000

Week to Date                       590,000

Same Period Last Week     591,000

Same Period Last Year       581,000

Thursday

Steers & Heifers:  95,000

Cows & Bulls:        24,000

                                                                                                               

Boxed Beef:

Cutout Values:

Choice: 285.44… -2.21

Select:  264.41… -2.52

Choice/Select Spread: 21.03

Total Load Count: 103

            

Cutter Cow Cutout:

230.00… +0.67

   

CME Feeder Cattle Index for July 1st:

145.96… -0.35 / -0.24%

1 Year Change: +13.25%

52 Week Range: 128.88 – 147.10

              

Futures Settlements…

Live Cattle:

August: 122.00… -1.57

October: 128.07… -1.18

December: 132.77… -0.43

   

Feeder Cattle:

August: 157.05… +0.73

September: 159.42… 0.35

October: 161.47… +0.40

     

August Hogs: 100.22… -0.08

August Crude Oil: 75.16… -0.07

   

September Corn: 5.9200… -0.0975

September Wheat: 6.5275… -0.1275

    

Grain Cash Bids:

Kansas City Corn: 6.84… -0.10

Kansas City Wheat: 5.95… -0.19

   

Financial Markets:

DJIA: 34,789.70… +156.17

S & P 500: 4,352.78… +32.84

NASDAQ: 14,636.14… +113.76

U.S. Dollar Index: 92.25… -0.34






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