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Jul
13
2021

Texas Daily Ag Market News Summary

Posted 75 days ago ago by Administrator Account

Daily Market Summary for July 13th

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 Tuesday, USDA reported in the Texas Panhandle, negotiated cash trading has been limited on light demand. Compared to last week early live purchases traded steady at 120.00. In Kansas negotiated cash trading was slow on moderate demand. Compared to the prior week early live purchases traded steady to 1.00 higher mostly at 120.00. So far for Tuesday in Nebraska and Western Cornbelt negotiated cash trading has been mostly inactive on light demand. Not enough purchases in these regions for a market trend. In Nebraska on Monday live purchases traded at 125.00. Last week dressed purchases traded from 196.00-202.00. 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:      13,878            

Week Ago:            913

Year Ago:            7,761

Formula Net

Dressed Steers & Heifers:

Head count priced today:   27,700

Weighted avg. weight:         846.00

Weighted avg. net price:     200.79       

         

Cattle Slaughter under Federal Inspection:

Tuesday (est)                        121,000

Week ago (est)                     119,000

Year ago (act)                       117,000

Week to Date                       241,000

Same Period Last Week     127,000

Same Period Last Year       232,000

Monday

Steers & Heifers:  97,000

Cows & Bulls:        23,000

                                                                                                              

Boxed Beef:

Cutout Values:

Choice: 273.34… -1.66

Select:  256.74… -2.03

Choice/Select Spread: 16.60

Total Load Count: 178

            

Cutter Cow Cutout:

230.30… +0.33

   

CME Feeder Cattle Index for July 12th:

152.99… -0.83 / -0.54%

1 Year Change: +12.81%

52 Week Range: 130.15 – 153.82

              

Futures Settlements…

Live Cattle:

August: 121.75… +1.93

October: 127.17… +1.37

December: 132.30… +0.93

   

Feeder Cattle:

August: 158.82… +0.67

September: 161.62… +0.62

October: 163.65… +0.70

     

August Hogs: 105.92… +1.85

August Crude Oil: 75.25… +1.15

   

September Corn: 5.5125… +0.0600

September Wheat: 6.3375… -0.0700

   

Grain Cash Bids:

Kansas City Corn: 6.38… +0.06

Kansas City Wheat: 5.88… -0.03

   

Financial Markets:

DJIA: 34,889.05… -98.66

S & P 500: 4,369.32… -15.43

NASDAQ: 14,677.65… -50.27

U.S. Dollar Index: 92.77… +0.51