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Texas Daily Ag Market News Summary

Posted 80 days ago ago by Administrator Account

Daily Market Summary for July 8th

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 Thursday in the Southern Plains negotiated cash trading has been limited on light demand. Thus far for Thursday in Nebraska and Western Cornbelt negotiated cash trading has been slow with moderate demand. Not enough purchases for a full market trend in any region. Wednesday was the last reported market in these regions. In the Texas Panhandle live purchases traded at 120.00. In Kansas live purchases traded from 119.00-120.00. In Nebraska live and dressed purchases trading from 123.00-125.00 and from 198.00-202.00, respectively. In the Western Cornbelt live and dressed purchases traded from 124.00-125.00 and from 196.00-202.00, respectively.

 

Negotiated Sales:

Confirmed:      16,869            

Week Ago:         6,670

Year Ago:         26,775

Formula Net

Dressed Steers & Heifers:

Head count priced today:   22,200

Weighted avg. weight:        864.00

Weighted avg. net price:    199.69

       

Cattle Slaughter under Federal Inspection:

Thursday (est)                      120,000

Week ago (est)                     119,000

Year ago (act)                       118,000

Week to Date                       367,000

Same Period Last Week     477,000

Same Period Last Year       467,000

Wednesday

Steers & Heifers:  95,000

Cows & Bulls:        25,000

                                                                                                              

Boxed Beef:

Cutout Values:

Choice: 281.97… -2.93

Select:  260.05… -2.02

Choice/Select Spread: 21.91

Total Load Count: 130

            

Cutter Cow Cutout:

229.76… -0.35

   

CME Feeder Cattle Index for July 7th:

151.51… +5.79 / +3.97%

1 Year Change: +13.33%

52 Week Range: 130.15 – 151.51

              

Futures Settlements…

Live Cattle:

August: 119.27… -1.33

October: 125.45… -1.25

December: 130.27… -1.20

   

Feeder Cattle:

August: 157.32… -1.68

September: 160.02… -1.50

October: 162.12… -1.38

     

August Hogs: 100.37… -0.03

August Crude Oil: 72.94… +0.74

   

September Corn: 5.3675… -0.0600

September Wheat: 6.1800… -0.0425

   

Grain Cash Bids:

Kansas City Corn: 6.29… -0.06

Kansas City Wheat: 5.64… +0.03

   

Financial Markets:

DJIA: 34,418.40… -261.22

S & P 500: 4,321.22… -37.17

NASDAQ: 14,549.76… -111.51

U.S. Dollar Index: 92.41… -0.23