Jul 16 2021

Texas Daily Ag Market News Summary Posted 2 years 282 days ago by Administrator Account

Daily Market Summary for July 16^th

The Daily Market News Report bought to you by The Cattle Range. Please visit their website for more information!

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Slaughter Cattle:

As of 3:00 PM Friday in Nebraska, negotiated cash trading has been limited on light demand. In the Western Cornbelt negotiated cash trading has been mostly inactive on light demand. Not enough purchases in either region for a market trend. In the Southern Plains negotiated cash trading has been at a standstill. Tuesday was the last market in the Southern Plains with live purchases at mostly 120.00. In Nebraska Wednesday was the last live purchase market at 123.00. In the Western Cornbelt Wednesday was the last live purchase market from 125.00-125.50. Last week in both Nebraska and Western Cornbelt dressed purchases traded from 196.00-202.00.

 

Negotiated Sales:

Confirmed:         3,932            

Week Ago:          4,763

Year Ago:            3,149

Formula Net

Dressed Steers & Heifers:

Head count priced today:   28,000

Weighted avg. weight:         862.00

Weighted avg. net price:     195.07       

        

Cattle Slaughter under Federal Inspection:

Friday (est)                           119,000

Week ago (est)                     120,000

Year ago (act)                       117,000

Week to Date                       479,000

Same Period Last Week     367,000

Same Period Last Year       467,000

Thursday

Steers & Heifers:  94,000

Cows & Bulls:        25,000

                                                                                                              

Boxed Beef:

Cutout Values:

Choice: 267.94… -1.93

Select:  251.79… -0.69

Choice/Select Spread: 16.15

Total Load Count: 143

            

Cutter Cow Cutout:

232.44… +2.43

   

CME Feeder Cattle Index for July 15^th:

151.39… -0.96 / -0.63%

1 Year Change: +10.82%

52 Week Range: 130.15 – 153.82

               

Futures Settlements…

Live Cattle:

August: 120.17… -0.95

October: 125.60… -0.92

December: 131.32… -0.48

   

Feeder Cattle:

August: 156.62… -1.75

September: 158.50… -0.72

October: 160.47… -0.73

     

August Hogs: 105.65… +1.35

August Crude Oil: 71.81… +0.16

   

September Corn: 5.5600… -0.0825

September Wheat: 6.9250… +0.2050

   

Grain Cash Bids:

Kansas City Corn: 6.43… -0.08

Kansas City Wheat: 6.28… +0.12

   

Financial Markets:

DJIA: 34,686.93… -297.41

S & P 500: 4,327.90… -32.92

NASDAQ: 14,427.24… -112.50

U.S. Dollar Index: 92.72… +0.10