Jun 14 2021

Daily AG Market Summary for June 14, 2021 Posted 2 years 310 days ago by Administrator Account

Daily Market Summary for June 14^th

The Daily Market News Report bought to you by The Cattle Range. Please visit their website for more information!

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Slaughter Cattle:

As of 3:00 PM Monday in Nebraska, negotiated cash trading has been limited on very light demand. A few live purchases traded at 124.00. However, not enough for a full market trend. Last week live purchases traded at 120.00 and dressed purchases traded from 190.00-191.00. Thus far for Monday in the Southern Plains and Western Cornbelt negotiated cash trading has been at a standstill. Last week in the Southern Plains live purchases traded from 119.00-12.00. For the prior week in the Western Cornbelt live purchases traded from 120.00-121.00 and dressed purchases traded from 190.00-191.00.

  

Negotiated Sales:

Confirmed:        1,493              

Week Ago:            214       

Year Ago:             821

 

Formula Net

Dressed Steers & Heifers:

Head count priced today:   48,900

Weighted avg. weight:        851.00

Weighted avg. net price:     192.54

        

         

Cattle Slaughter under Federal Inspection:

Monday (est)                        119,000

Week ago (est)                     115,000

Year ago (act)                       116,000

Friday

Steers & Heifers:  95,000

Cows & Bulls:        24,000

Saturday 

Steers & Heifers:  56,000

Cows & Bulls:        14,000

                                                                                                               

Boxed Beef:

Cutout Values:

Choice: 335.47… -2.09

Select:  303.41… -1.80

Choice/Select Spread: 32.06

Total Load Count: 80

             

Cutter Cow Cutout: 

223.79... +1.66

    

CME Feeder Cattle Index for June 11th: 

139.61… -0.62 / -0.44%

1 Year Change: +8.64%

52 Week Range: 128.01 - 144.04

               

Futures Settlements…

Live Cattle:

June: 119.37… +0.67

August: 121.27… +1.25

October: 126.80… +1.03

    

Feeder Cattle:

August: 154.60… +3.43

September: 156.82… +3.30

October: 158.57… +3.10

      

July Hogs: 118.22… -1.75

July Crude Oil: 70.88… -0.03

    

July Corn: 6.5925… -0.2525

July Wheat: 6.7450… -0.0625

    

Grain Cash Bids: 

Kansas City Corn: 6.70… -0.27

Kansas City Wheat: 6.12… -0.11

    

Financial Markets:

DJIA: 34,395.33… -85.32

S & P 500: 4,255.32… +7.85

NASDAQ: 14,162.23… +92.88

U.S. Dollar Index: 90.50… -0.06