Aug 22 2024

Texas Daily Ag Market News Summary Posted 95 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 Thursday in the Texas Panhandle, negotiated cash trade has been at a standstill. In Kansas, Nebraska and the Western Cornbelt negotiated cash trade has been mostly inactive on light demand. On Wednesday in Texas Panhandle live FOB purchases traded at 183.00. Last week in Kansas live FOB purchases traded at 185.00. Last week in Nebraska live FOB purchases traded at 190.00. The most recent dressed delivered market in Nebraska was Tuesday with purchases from 293.00-295.00 mostly at 295.00. The most recent market in the Western Cornbelt was Tuesday with live FOB purchases traded at 187.50, while dressed delivered purchases traded from 293.00- 295.00, on a light test.

Negotiated Sales:

Confirmed:  4,715

Week Ago:   1,684

Year Ago:   30,911

Formula Net - Dressed Steers & Heifers:

Head count priced today:   36,200

Weighted avg. weight:        894.00

Weighted avg. net price:    298.79

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Cattle Slaughter under Federal Inspection

Thursday              121,000

Week Ago             120,000

Year Ago               124,521

Week to Date       484,000

Last Week WTD   476,000

Last Year WTD     490,777

Wednesday

Steers & Heifers:   99,000

Cows & Bulls:        23,000

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Boxed Beef:

Cutout Values:

Choice: 315.99… +0.78

Select:  302.03… +0.95

Choice/Select Spread: 13.96

Total Load Count: 125

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Cutter Cow Cutout:

292.92… -2.25

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CME Feeder Cattle Index for August 21st:

242.67… -1.06 / -0.43%

1 Year Change: -0.93%

52 Week Range: 215.33 to 261.88

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Futures Settlements:

Live Cattle:  

August: 182.55… +1.33

October: 175.90… +1.28

December: 175.52… +1.25

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Feeder Cattle:

August: 241.97… +2.72

September: 238.20… +2.53

October: 234.25… +2.58

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October Lean Hogs: 79.62… +3.47

September Crude Oil: 72.92… +0.99

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December Corn: 3.9350… -0.0475

December Wheat: 5.2550… -0.0850

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Grain Cash Bids:

Omaha Corn: 3.92… -0.04

Kansas City Wheat: 4.79… -0.07

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Financial Markets:

DJIA: 40,729.09… -160.87

S & P 500: 5,572.77… -48.01

NASDAQ: 17,624.34… -294.65

U.S. Dollar Index: 101.54… +0.50