Aug 19 2024

Texas Daily Ag Market News Summary Posted 98 days ago by Administrator Account

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

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Fed Cattle: 

As of 3:00 PM Monday in all trading regions, negotiated cash trade has been at a standstill. Last week in the Southern Plains live FOB purchases traded at 185.00. Last week in Nebraska live FOB purchases traded at 190.00 and dressed delivered purchases traded from 298.00-301.00. Last week in the Western Cornbelt live FOB purchases traded from 187.00-191.00 and dressed delivered purchases traded from 296.00-298.00.

Negotiated Sales:

Confirmed:    36

Week Ago:   212

Year Ago:     279

Formula Net - Dressed Steers & Heifers:

Head count priced today:   34,000

Weighted avg. weight:         900.00

Weighted avg. net price:     299.43

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Cattle Slaughter under Federal Inspection

Monday                117,000

Week Ago             112,000

Year Ago               122,983

Week to Date       117,000

Last Week WTD   112,000

Last Year WTD     117,595

Friday

Steers & Heifers:   97,000

Cows & Bulls:         21,000

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Boxed Beef:

Cutout Values:

Choice: 315.55… -1.90

Select:  302.01… -0.58

Choice/Select Spread: 13.54

Total Load Count: 135

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Cutter Cow Cutout:

293.72… -0.62

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CME Feeder Cattle Index for August 16th:

243.99… -2.72 / -1.10%

1 Year Change: -0.51%

52 Week Range: 215.33 to 261.88

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Futures Settlements:

Live Cattle:  

August: 182.80… Unchanged

October: 179.02… +0.72

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Feeder Cattle:

August: 242.37… -0.40

September: 239.27… -0.23

October: 235.87… -0.08

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October Lean Hogs: 76.80… +1.73

September Crude Oil: 74.42… -2.23

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December Corn: 4.0000… +0.0750

December Wheat: 5.5225… -0.0025

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Grain Cash Bids:

Omaha Corn: 3.92… +0.07

Kansas City Wheat: 4.91… +0.01

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Financial Markets:

DJIA: 40,892.79… +232.90

S & P 500: 5,608.06… +53.76

NASDAQ: 17,876.77… +245.05

U.S. Dollar Index: 101.86… -0.60