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Jul
14
2021

Texas Daily Ag Market News Summary

Posted 102 days ago ago by Administrator Account

Daily Market Summary for July 14th

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 Wednesday, USDA reported Nebraska negotiated cash trading has been slow on light demand. Compared to the last reported market on Monday live purchases traded 2.00 lower at 123.00. Not enough dressed purchases for a market trend. Last week dressed purchases traded from 196.00-202.00. So far Wednesday in the Southern Plains and Western Cornbelt negotiated cash trading has been mostly inactive with light demand. Not enough purchases for a market trend in these regions. In the Southern Plains on Tuesday live purchases traded mostly at 120.00. Last week in the Western Cornbelt live and dressed purchases traded from 124.00-126.00 and from 196.00-202.00, respectively.

 

Negotiated Sales:

Confirmed:        6,323            

Week Ago:       25,528

Year Ago:         26,310

Formula Net

Dressed Steers & Heifers:

Head count priced today:   19,800

Weighted avg. weight:         857.00

Weighted avg. net price:     197.42       

        

Cattle Slaughter under Federal Inspection:

Wednesday (est)                  119,000

Week ago (est)                     120,000

Year ago (act)                       118,000

Week to Date                       360,000

Same Period Last Week     247,000

Same Period Last Year       350,000

Tuesday

Steers & Heifers:  96,000

Cows & Bulls:        25,000

                                                                                                              

Boxed Beef:

Cutout Values:

Choice: 272.88… -0.46

Select:  253.75… -2.99

Choice/Select Spread: 19.13

Total Load Count: 136

            

Cutter Cow Cutout:

230.13… -0.17

   

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: 121.25… -0.50

October: 126.77… -0.40

December: 131.92… -0.38

   

Feeder Cattle:

August: 156.95… -1.87

September: 159.22… -2.40

October: 161.22… -2.43

     

August Hogs: 105.10… -0.82

August Crude Oil: 73.13… -2.12

   

September Corn: 5.6825… +0.1700

September Wheat: 6.5425… +0.2050

   

Grain Cash Bids:

Kansas City Corn: 6.55… +0.17

Kansas City Wheat: 6.04… +0.16

   

Financial Markets:

DJIA: 34,934.29… +45.24

S & P 500: 4,374.68… +5.36

NASDAQ: 14,637.34… -40.31

U.S. Dollar Index: 92.38… -0.38