Aug 23 2024

Texas Daily Ag Market News Summary Posted 94 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!

 

---

Fed Cattle: 

As of 3:00 PM Friday all trading regions, 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:    2,426

Week Ago:   35,440

Year Ago:        5,452

Formula Net - Dressed Steers & Heifers:

Head count priced today:   31,100

Weighted avg. weight:         891.00

Weighted avg. net price:     297.91

-

Cattle Slaughter under Federal Inspection

Friday                    113,000

Week Ago             118,000

Year Ago                121,051

Week to Date       597,000

Last Week WTD   594,000

Last Year WTD     611,828

Thursday

Steers & Heifers:   98,000

Cows & Bulls:         23,000

-

Boxed Beef:

Cutout Values:

Choice: 317.34… +1.35

Select:  300.46… -1.57

Choice/Select Spread: 16.88

Total Load Count: 126

-

Cutter Cow Cutout:

294.84… +1.92

-

CME Feeder Cattle Index for August 22nd:

241.70… -0.97 / -0.40%

1 Year Change: -1.25%

52 Week Range: 215.33 to 261.88

-

Futures Settlements:

Live Cattle:  

August: 182.57… +0.02

October: 175.70… -0.20

December: 175.20… -0.32

-

Feeder Cattle:

August: 242.57… +0.60

September: 238.57… -0.37

October: 234.37… +0.12

-

October Lean Hogs: 80.55… +0.93

September Crude Oil: 74.87… +1.86

-

December Corn: 3.9100… -0.0250

December Wheat: 5.2800… -0.0750

-

Grain Cash Bids:

Omaha Corn: 3.98… +0.06

Kansas City Wheat: 4.70… -0.09

-

Financial Markets:

DJIA: 41,175.18… +462.40

S & P 500: 5,634.21… +63.57

NASDAQ: 17,877.79… +258.44

U.S. Dollar Index: 100.69… -0.82