Jul 06 2021

Texas Daily Ag Market News Summary Posted 2 years 292 days ago by Administrator Account

Daily Market Summary for July 6^th

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Slaughter Cattle:

As of 3:00 PM, USDA reported Tuesday negotiated cash trading in Nebraska and Western Cornbelt has been mostly inactive. Not enough purchases for a market trend. In the Southern Plains negotiated cash trading has been at a standstill. Last week in the Southern Plains live purchases traded from 120.00-122.00. For the prior week in Nebraska live and dressed purchases traded from 125.00-126.50 and at 198.00, respectively. For the previous week in the Western Cornbelt live and dressed purchases traded from 124.00-126.00 and 197.00-202.00, respectively.

 

Negotiated Sales:

Confirmed:       913             

Week Ago:        396     

Year Ago:       8,883

Formula Net

Dressed Steers & Heifers:

Head count priced today:   48,900

Weighted avg. weight:       852.00

Weighted avg. net price:     198.8

       

Cattle Slaughter under Federal Inspection:

Tuesday (est)                        122,000

Week ago (est)                     120,000

Year ago (act)                       117,000

Week to Date                       130,000

Same Period Last Week     238,000

Same Period Last Year       311,000

Monday

Steers & Heifers:  2,000

Cows & Bulls:        6,000

                                                                                                              

Boxed Beef:

Cutout Values:

Choice: 286.96… +1.24

Select:  263.31… -1.10

Choice/Select Spread: 21.03

Total Load Count: 120

            

Cutter Cow Cutout:

229.37… -0.63

   

CME Feeder Cattle Index for July 1^st:

145.96… -0.35 / -0.24%

1 Year Change: +13.25%

52 Week Range: 128.88 – 147.10

              

Futures Settlements…

Live Cattle:

August: 122.40… +0.40

October: 128.15… +0.08

December: 132.55… -0.22

   

Feeder Cattle:

August: 160.62… +3.57

September: 162.72… +3.30

October: 164.65… +3.18

     

August Hogs: 102.35… +2.13

August Crude Oil: 73.37… -1.79

   

September Corn: 5.5200… -0.4000

September Wheat: 6.2600… -0.2675

   

Grain Cash Bids:

Kansas City Corn: 6.44… -0.40

Kansas City Wheat: 5.60… -0.5.35

   

Financial Markets:

DJIA: 34,581.45… -204.90

S & P 500: 4,343.60… -8.74

NASDAQ: 14,663.64… +24.31

U.S. Dollar Index: 92.51… +0.30