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Texas Daily Ag Market Summary

Posted 129 days ago ago by Administrator Account

Daily Market Summary for July 29th

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 Thursday, negotiated cash trading has been slow on light to moderate demand in all major feeding regions. In the Southern Plains compared to last week, live purchases have traded 1.00 higher at 120.00. In Nebraska compared to last week live purchases have traded unevenly steady at 122.00 and dressed purchases have traded 1.00 higher at 196.00. In the Western Cornbelt, dressed purchases have traded unevenly steady at 196.00. Not enough live purchases for a full market trend. The latest live market in the Western Cornbelt was last week from 120.00-124.00.

  

Negotiated Sales:

Confirmed:           28,470             

Week Ago:            13,640

Year Ago:              11,820

 

Formula Net

Dressed Steers & Heifers:

Head count priced today:    28,100

Weighted avg. weight:        867.00

Weighted avg. net price:     195.02     

         

Cattle Slaughter under Federal Inspection:

Thursday (est)                        119,000

Week ago (est)                       118,000

Year ago (act)                         119,000

Week to Date                        477,000

Same Period Last Week      467,000

Same Period Last Year        474,000

Wednesday

Steers & Heifers:  94,000

Cows & Bulls:        26,000

                                                                                                             

Boxed Beef:

Cutout Values:

Choice: 275.22… +2.06

Select:  256.82… +0.70

Choice/Select Spread: 18.40

Total Load Count: 112

             

Cutter Cow Cutout:

228.07… -0.94

    

CME Feeder Cattle Index for July 28th:

154.00… -0.36 / -0.23%

1 Year Change: +10.60%

52 Week Range: 130.15 to 154.36

               

Futures Settlements…

Live Cattle:

August: 122.50… -0.57

October: 128.15… -0.37

December: 133.27… -0.23

    

Feeder Cattle:

August: 158.50… -1.67

September: 161.95… -1.50

October: 164.20… -1.37

      

August Hogs: 106.30… +0.60

September Crude Oil: 73.62… +1.23

    

September Corn: 5.5800… +0.0875

September Wheat: 7.0525… +0.1650

    

Grain Cash Bids:

Kansas City Corn: 6.35… +0.09

Kansas City Wheat: 6.51… +0.15

    

Financial Markets:

DJIA: 35,087.82… +157.42

S & P 500: 4,419.68… +19.06

NASDAQ: 14,777.64… +15.08

U.S. Dollar Index: 91.89… -0.43