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Jun
24
2019

Texas Daily Ag Market News Summary

Posted 4 years 278 days ago by Administrator Account

Daily Market Summary for June 24th

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




Slaughter Cattle:  



As of 3:00 PM Monday, negotiated cash trade has been mostly inactive on light demand in all feeding regions. The latest established market was last week with live purchases in the Texas Panhandle from 108.00-110.00. In Kansas last week, live purchases traded from 108.00-110.00, bulk at 110.00. Last week in Nebraska, live purchases traded from 109.00-110.00, bulk at 110.00 with dressed purchases from 178.00-183.00, bulk at 180.00. For the previous week in the Western Cornbelt live purchases traded from 110.00-115.00 with dressed purchases mostly from 178.00-183.00.



    



Negotiated Sales:



Confirmed: 198 --- Week Ago: 220 --- Year Ago: 2,327



  



Formula Net - Dressed Steers & Heifers



Head count priced today: 49,500



Weighted avg weight:             845



Weighted avg net price:    179.56



   



Alberta Beef Producers Daily Report: Alberta CA



Alberta direct cattle sales last week saw light trade develop with weighted average steer and heifer prices closing the week at 147.00 and 145.50 respectively. Prices are 2.00 higher than the previous week. Alberta fed prices have moved back to a premium against the Nebraska market, this is the first time in eight months. Looking at the non-fed market butcher cows traded steady to 2.00 lower through commercial auction facilities last week. Butcher cow prices are 5.00 lower than last year while fed cattle prices are sitting 2.00 higher than a year ago.  



 



Livestock Slaughter under Federal Inspection:                                  



                                   Cattle        Calves    Hogs          Sheep



Monday (est             121,000    2,000     448,000     8,000



Week ago (est)         120,000    2,000     467,000     9,000



Year ago (act)           116,000    2,000     434,000     8,000



Previous Day Estimated       Steers & Heifers     Cows & Bulls



                              Friday              95,000                    23,000



                         Saturday              50,000                    12,000



 



Boxed Beef: 



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



 



Cutout Values...                 Choice     Select



Current Cutout Values:     219.74    199.81



Change from prior day:        -0.08      +0.26



Choice/Select spread:          19.93



Total Load Count (Cuts, Trimmings, Grinds): 120



 



Cutter Cow Cutout: 175.15… -0.07



  



CME Feeder Cattle Index: 131.37



 



Futures…



Live Cattle:



June: 106.92… +0.37



August: 102.42… +0.20



October: 104.02… -0.13



Feeder Cattle:



August: 131.77… -1.90



September: 132.35… -1.70



October: 132.60… -1.90



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July Hogs: 72.85… -3.40



August Crude Oil: 57.90… +0.47



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July Corn: 4.4675… +0.0450



July Soybeans: 9.0900… +0.0625



July Wheat: 5.3800… +0.1200



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Grain Cash Bids:



Kansas City Corn: 4.50… +0.06



Kansas City Soybeans: 8.58… +0.07



Kansas City Wheat: 5.33… +0.12



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Financial Markets:



Dow Jones Industrial Average: 26,727.54… +8.41



S & P 500: 2,945.36… -5.11



NASDAQ: 8,005.70… -26.01



U.S. Dollar Index: 96.02… -0.20



 










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