Jul 27 2021

Texas Daily Ag Market News Summary Posted 2 years 274 days ago by Administrator Account

Daily Market Summary for July 27^th

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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 26^th:

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