Jun 17 2019

Texas Daily Ag Market News Summary Posted 4 years 314 days ago by Administrator Account

The Daily Market News Report brought to you by The Cattle Range. Please visit https://www.cattlerange.com/comprehensive-cattle-market-reports-analysis/daily-summary/ for more information!

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Slaughter Cattle:  

As of 3:00 PM Monday, negotiated cash trade was mostly inactive on light demand in all feeding regions. The latest established market in any feeding region was last week, with live purchases in the Texas Panhandle at 112.00, on a light test. In Kansas last week, live purchases traded at 110.00 on a very light test. Last week in Nebraska, live purchases traded at 113.00 with dressed purchases from 184.00-186.00 on a light test. In the Western Cornbelt last week, live purchases traded from 114.00-116.00 with dressed purchases from 184.00-186.00.

    

Negotiated Sales:

Confirmed: 220 --- Week Ago: 329 --- Year Ago: 221

  

Formula Net - Dressed Steers & Heifers

Head count priced today: 35,600

Weighted avg weight:             851

Weighted avg net price:    181.41

   

Alberta Beef Producers Daily Report: Alberta CA

Alberta direct cattle sales last week saw average steer prices trending mostly steady with the previous week while average heifer prices eased around $1/cwt lower. The majority of reported sales were dressed from $240-246/cwt delivered. Western Canadian fed cattle slaughter for the week ending June 8th surged 12% larger to 46,431 head and was the largest weekly fed slaughter so far this year.

  

Livestock Slaughter under Federal Inspection:                                  

                                   Cattle        Calves    Hogs          Sheep

Monday (est             120,000    2,000     467,000     9,000

Week ago (est)         121,000    2,000     471,000     9,000

Year ago (act)           116,000    1,000     416,000     7,000

Previous day Estimated    Steers & Heifers   Cows & Bulls

                             Friday            95,000                  23,000

                        Saturday            52,000                  10,000

 

Boxed Beef: 

Boxed beef cutout values steady to weak on light to moderate demand and moderate offerings. Select and Choice rib, round, and loin cuts steady to weak while chuck cuts steady to firm. Beef trimmings firm to slightly higher on moderate to good demand and moderate offerings.

 

Cutout Values...                 Choice     Select

Current Cutout Values:     221.82    202.51

Change from prior day:       -0.41       -0.25

Choice/Select spread:        19.31

Total Load Count (Cuts, Trimmings, Grinds): 94

 

Cutter Cow Cutout: 174.70… +0.01

  

CME Feeder Cattle Index: 133.55… -0.70

 

Futures…

Live Cattle:

June: 109.45… +0.68

August: 105.62… +1.35

October: 106.70… +1.23

Feeder Cattle:

August: 136.92… +1.40

September: 137.17… +1.37

October: 137.15… +1.40

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July Hogs: 83.05… +1.70

July Crude Oil: 51.93… -0.58

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July Corn: 4.5475… +0.0175

July Soybeans: 9.1275… +0.1600

July Wheat: 5.3950… +0.0100

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Grain Cash Bids:

Kansas City Corn: 4.52… +0.01

Kansas City Soybeans: 8.63… +0.16

Kansas City Wheat: 5.31… +0.01

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Financial Markets:

Dow Jones Industrial Average: 26,112.53… +22.92

S & P 500: 2,889.67… +2.68

NASDAQ: 7,845.02… +48.36

U.S. Dollar Index: 97.57… +0.02