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Texas Daily Ag Market News Summary

Posted 68 days ago ago by Administrator Account

Daily Market Summary for July 20th

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 in the Southern Plains, negotiated cash trading has been at a standstill. In Nebraska negotiated cash trading was limited with very light demand. In the Western Cornbelt negotiated cash trading has been mostly inactive with very light demand. Not enough purchases in any region for a market trend. Last week in the Southern Plains live purchases traded at 120.00. In Nebraska for the prior week live and dressed purchases traded from 123.00-125.00 and from 196.00-202.00, respectively. In the Western Cornbelt for the previous week live and dressed purchases traded at 125.00 and from 196.00-197.00, respectively.

 

Negotiated Sales:

Confirmed:         1,563            

Week Ago:        13,878

Year Ago:          14,574

 

Formula Net

Dressed Steers & Heifers:

Head count priced today:   29,200

Weighted avg. weight:         848.00

Weighted avg. net price:     197.56       

 

Cattle Slaughter under Federal Inspection:

Tuesday (est)                       120,000

Week ago (est)                     121,000

Year ago (act)                      117,000

Week to Date                       235,000

Same Period Last Week     241,000

Same Period Last Year       232,000

 

Monday

Steers & Heifers:  95,000

Cows & Bulls:        23,000

 

Boxed Beef:

Cutout Values:

Choice: 264.88… -1.61

Select:  248.58… -0.91

Choice/Select Spread: 16.30

Total Load Count: 152

 

Cutter Cow Cutout:

232.39… +0.92

 

CME Feeder Cattle Index for July 19th:

150.90… +0.17 / +0.11%

1 Year Change: +10.57%

52 Week Range: 130.15 – 153.82

 

Futures Settlements…

Live Cattle:

August: 119.77… -0.48

October: 124.70… -0.40

December: 130.42… -0.70

 

Feeder Cattle:

August: 155.52… -1.85

September: 157.77… 1.28

October: 159.77… -1.08

 

August Hogs: 105.00… +0.53

 

August Crude Oil: 67.42… +1.00

 

September Corn: 5.7175… +0.1575

 

September Wheat: 7.0050… +0.0275

 

Grain Cash Bids:

Kansas City Corn: 6.49… +0.16

Kansas City Wheat: 6.36… +0.08

 

Financial Markets:

DJIA: 34,511.86… +548.57

S & P 500: 4,323.08… +64.28

NASDAQ: 14,498.88… +231.47

U.S. Dollar Index: 92.97… +0.08