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Texas Daily Ag Market News Summary

Posted 79 days ago ago by Administrator Account

Daily Market Summary for July 9th

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 in Kansas, Nebraska and Western Cornbelt negotiated cash trading has been limited on light demand. In the Texas Panhandle negotiated cash trading has been at a standstill. Not enough purchases for a full market trend in any region. Wednesday in the Texas Panhandle live purchases traded at 120.00. Wednesday in Kansas live purchases traded from 119.00-120.00. Wednesday in Nebraska live and dressed purchases trading from 123.00-125.00 and from 198.00-202.00, respectively. Thursday in the Western Cornbelt live purchases traded from 124.00-126.00 and Wednesday was the last dressed purchase market from 196.00-202.00.

 

Negotiated Sales:

Confirmed:      4,763            

Week Ago:       4,424

Year Ago:         None

Formula Net

Dressed Steers & Heifers:

Head count priced today:    31,200

Weighted avg. weight:         859.00

Weighted avg. net price:     199.22

       

Cattle Slaughter under Federal Inspection:

Friday (est)                           120,000

Week ago (est)                     119,000

Year ago (act)                       116,000

Week to Date                       487,000

Same Period Last Week     590,000

Same Period Last Year       583,000

Thursday

Steers & Heifers:  95,000

Cows & Bulls:        25,000

                                                                                                               

Boxed Beef:

Cutout Values:

Choice: 278.59… -3.38

Select:  257.41… -2.65

Choice/Select Spread: 21.18

Total Load Count: 109

            

Cutter Cow Cutout:

230.24… +0.48

   

CME Feeder Cattle Index for July 8th:

151.55… +0.04 / +0.03%

1 Year Change: +12.33%

52 Week Range: 130.15 – 151.55

              

Futures Settlements…

Live Cattle:

August: 119.22… -0.05

October: 125.57… +0.12

December: 130.90… +0.63

   

Feeder Cattle:

August: 159.17… +1.85

September: 161.82… +1.80

October: 163.70… +1.58

     

August Hogs: 101.57… +1.20

August Crude Oil: 74.56… +1.62

   

September Corn: 5.2950… -0.0725

September Wheat: 6.1500… -0.0300

   

Grain Cash Bids:

Kansas City Corn: 6.22… -0.07

Kansas City Wheat: 5.70… +0.06

   

Financial Markets:

DJIA: 34,869.17… +450.77

S & P 500: 4,369.38… +48.16

NASDAQ: 14,699.61… +149.85

U.S. Dollar Index: 92.12… -0.30