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Texas Daily Ag Market News Summary

Posted 76 days ago ago by Administrator Account

Daily Market Summary for July 12th

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 on Monday, USDA reported negotiated cash trading has been slow on light demand in Nebraska with early live purchases steady to 2.00 higher compared to last week at 125.00. Not enough dressed purchases for a full market trend. Last week in Nebraska dressed purchases traded from 196.00-202.00. Negotiated cash trading in the Western Cornbelt has been mostly inactive on very light demand. Not enough purchases for a full market trend. Negotiated cash trading in all other major feeding regions has been at a standstill. Last week in the Texas Panhandle live purchases traded at 120.00. In Kansas last week, live purchases traded from 119.00-120.00. In the Western Cornbelt last week, live and dressed purchases traded from 124.00-126.00 and from 196.00-202.00, respectively.

 

Negotiated Sales:

Confirmed:      3,826            

Week Ago:       None

Year Ago:               84

Formula Net

Dressed Steers & Heifers:

Head count priced today:   42,900

Weighted avg. weight:        850.00

Weighted avg. net price:    194.72

       

Cattle Slaughter under Federal Inspection:

Monday (est)                        120,000

Week ago (est)                         8,000

Year ago (act)                       115,000

Friday

Steers & Heifers:  95,000

Cows & Bulls:        25,000

Saturday

Steers & Heifers:  72,000

Cows & Bulls:        16,000

                                                                                                              

Boxed Beef:

Cutout Values:

Choice: 275.00… -3.59

Select:  258.77… +1.36

Choice/Select Spread: 16.23

Total Load Count: 123

            

Cutter Cow Cutout:

229.97… -0.27

   

CME Feeder Cattle Index for July 9th:

153.82… +1.05 / +0.69%

1 Year Change: +13.80%

52 Week Range: 130.15 – 153.82

              

Futures Settlements…

Live Cattle:

August: 119.82… +0.60

October: 125.80… +0.23

December: 131.37… +0.47

   

Feeder Cattle:

August: 158.15… -1.02

September: 161.00… -0.82

October: 162.95… -0.75

     

August Hogs: 104.07… +2.50

August Crude Oil: 74.10… -0.46

   

September Corn: 5.4525… +0.1575

September Wheat: 6.4075… +0.2575

   

Grain Cash Bids:

Kansas City Corn: 6.32… +0.15

Kansas City Wheat: 5.91… +0.21

   

Financial Markets:

DJIA: 34,987.71… +118.54

S & P 500: 4,384.75… +15.37

NASDAQ: 14,727.92… +28.31

U.S. Dollar Index: 92.23… +0.10