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Jul
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Texas Daily Ag Market Summary

Posted 130 days ago ago by Administrator Account

Daily Market Summary for July 28th

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 Wednesday, negotiated cash trading has been limited on light demand in all major feeding regions. Not enough purchases in any region for a full market trend. 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:            5,188             

Week Ago:           21,988

Year Ago:             21,004

 

Formula Net

Dressed Steers & Heifers:

Head count priced today:   24,500

Weighted avg. weight:        856.00

Weighted avg. net price:    195.29     

         

Cattle Slaughter under Federal Inspection:

Wednesday (est)                    120,000

Week ago (est)                       117,000

Year ago (act)                         119,000

Week to Date                        358,000

Same Period Last Week      349,000

Same Period Last Year        355,000

Tuesday

Steers & Heifers:  94,000

Cows & Bulls:       25,000

                                                                                                             

Boxed Beef:

Cutout Values:

Choice: 273.16… +3.43

Select:  256.12… +2.18

Choice/Select Spread: 17.04

Total Load Count: 136

             

Cutter Cow Cutout:

229.01… -2.03

    

CME Feeder Cattle Index for July 27th:

154.36… +0.39 / +0.25%

1 Year Change: +10.39%

52 Week Range: 130.15 to 154.36

               

Futures Settlements…

Live Cattle:

August: 123.07… +0.15

October: 128.52… +0.10

December: 133.50… +0.03

    

Feeder Cattle:

August: 160.17… -0.53

September: 163.45… -0.55

October: 165.57… -0.38

      

August Hogs: 105.70… -1.77

September Crude Oil: 72.39… +0.74

    

September Corn: 5.4925… +0.0050

September Wheat: 6.8875… +0.1425

    

Grain Cash Bids:

Kansas City Corn: 6.26… Unchanged

Kansas City Wheat: 6.36… +0.18

    

Financial Markets:

DJIA: 34,930.40… -129.24

S & P 500: 4,400.62… -1.66

NASDAQ: 14,762.56… +106.44

U.S. Dollar Index: 92.27… -0.16