Aug 20 2024

Texas Daily Ag Market News Summary Posted 97 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 Tuesday in the Southern Plains and Nebraska, negotiated cash trade has been slow on light demand, however not enough trade for a market trend. 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. In the Western Cornbelt negotiated cash trade has been moderate on moderate demand. Compared to last week in the Western Cornbelt live FOB purchases traded unevenly steady at 187.50. Last week dressed delivered purchases traded from 296.00-298.00.

Negotiated Sales:

Confirmed:  11,167

Week Ago:     None

Year Ago:          431

Formula Net - Dressed Steers & Heifers:

Head count priced today:   34,200

Weighted avg. weight:         903.00

Weighted avg. net price:     304.07

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Cattle Slaughter under Federal Inspection

Tuesday                124,000

Week Ago             122,000

Year Ago                124,467

Week to Date       241,000

Last Week WTD   234,000

Last Year WTD     247,450

Monday

Steers & Heifers:   94,000

Cows & Bulls:         23,000

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Boxed Beef:

Cutout Values:

Choice: 315.08… -0.47

Select:  301.04… -0.97

Choice/Select Spread: 14.04

Total Load Count: 137

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Cutter Cow Cutout:

296.16… +2.44

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CME Feeder Cattle Index for August 19th:

243.85… -0.14 / -0.06%

1 Year Change: -0.56%

52 Week Range: 215.33 to 261.88

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Futures Settlements:

Live Cattle:  

August: 181.02… -1.78

October: 175.60… -3.42

December: 175.10… -3.27

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Feeder Cattle:

August: 238.20… -4.17

September: 234.50… -4.77

October: 231.32… -4.55

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October Lean Hogs: 76.40… -0.40

September Crude Oil: 73.82… -0.55

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December Corn: 3.9800… -0.0225

December Wheat: 5.5650… +0.0425

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Grain Cash Bids:

Omaha Corn: 3.93… +0.01

Kansas City Wheat: 4.96… +0.05

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Financial Markets:

DJIA: 40,830.64… -62.15

S & P 500: 5,596.51… -11.55

NASDAQ: 17,813.78… -62.99

U.S. Dollar Index: 101.41… -0.48