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Texas Daily Ag Market News Summary

Posted 131 days ago ago by Administrator Account

Daily Market Summary for July 27th

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, negotiated cash trading has been mostly inactive on light demand in Nebraska 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:            2,138            

Week Ago:             1,563

Year Ago:               7,139

 

Formula Net

Dressed Steers & Heifers:

Head count priced today:    24,400

Weighted avg. weight:         863.00

Weighted avg. net price:      195.34    

 

Cattle Slaughter under Federal Inspection:

Tuesday (est)                          119,000

Week ago (est)                       117,000

Year ago (act)                         119,000

Week to Date                        238,000

Same Period Last Week      232,000

Same Period Last Year        236,000

 

Monday

Steers & Heifers:  95,000

Cows & Bulls:        24,000

 

Boxed Beef:

Cutout Values:

Choice: 269.73… +1.80

Select:  253.94… +3.02

Choice/Select Spread: 15.79

Total Load Count: 157

 

Cutter Cow Cutout:

231.04… +0.84

 

CME Feeder Cattle Index for July 26th:

153.97… +0.12 / +0.08%

1 Year Change: +10.16%

52 Week Range: 130.15 to 153.97

 

Futures Settlements…

Live Cattle:

August: 122.92… -0.53

October: 128.42… -0.78

December: 133.47… -0.50

 

Feeder Cattle:

August: 160.70… -1.50

September: 164.00… -0.82

October: 165.95… -0.50

 

August Hogs: 107.47… +0.07

 

September Crude Oil: 71.65… -0.26

 

September Corn: 5.4875… -0.0100

 

September Wheat: 6.7450… -0.0250

 

Grain Cash Bids:

Kansas City Corn: 6.26… -0.01

Kansas City Wheat: 6.18… +0.03

 

Financial Markets:

DJIA: 35,059.64… -85.27

S & P 500: 4,402.28… -20.09

NASDAQ: 14,656.12… -183.78

U.S. Dollar Index: 92.46… -0.19