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Texas Daily Ag Market News Summary

Posted 132 days ago ago by Administrator Account

Daily Market Summary for July 26th

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 Monday, negotiated cash trading has been mostly inactive on very light demand in Kansas and the Western Cornbelt. Not enough purchases in either region for a full market trend. Negotiated cash trading has been at a standstill in all other major feeding regions. Last week in the Southern Plains live purchases traded at 119.00. In Nebraska last week live and dressed purchases traded from 120.00-123.00 and at 195.00, respectively. In the Western Cornbelt last week live and dressed purchases traded from 120.00-124.00 and from 195.00-202.00, respectively.

 

Negotiated Sales:

Confirmed:             487            

Week Ago:              229

Year Ago:                677

 

Formula Net

Dressed Steers & Heifers:

Head count priced today:   36,200

Weighted avg. weight:        862.00

Weighted avg. net price:    193.68     

 

Cattle Slaughter under Federal Inspection:

Monday (est)                          119,000

Week ago (est)                       115,000

Year ago (act)                         117,000

 

Friday

Steers & Heifers:  86,000

Cows & Bulls:        24,000

 

Saturday

Steers & Heifers:  58,000

Cows & Bulls:        13,000

 

Boxed Beef:

Cutout Values:

Choice: 267.93… +1.30

Select:  250.92… +0.98

Choice/Select Spread: 17.01

Total Load Count: 106

 

Cutter Cow Cutout:

230.20… -0.58

 

CME Feeder Cattle Index for July 23rd:

153.85… +1.82 / +1.20%

1 Year Change: +9.90%

52 Week Range: 130.15 to 153.85

 

Futures Settlements…

Live Cattle:

August: 123.45… +1.95

October: 129.20… +2.05

December: 133.98… +1.68

 

Feeder Cattle:

August: 162.20… +2.13

September: 164.82… +2.30

October: 166.45… +1.95

 

August Hogs: 107.40… +0.05

 

September Crude Oil: 71.91… -0.16

 

September Corn: 5.4975… +0.0250

 

September Wheat: 6.7700… -0.0700

 

Grain Cash Bids:

Kansas City Corn: 6.27… +0.03

Kansas City Wheat: 6.15… -0.07

 

Financial Markets:

DJIA: 35,144.91… +83.22

S & P 500: 4,422.37… +10.50

NASDAQ: 14,839.90… +5.44

U.S. Dollar Index: 92.64… -0.27