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Aug
28
2024

Texas Daily Ag Market News Summary

Posted 89 days ago by Administrator Account

Daily Market Summary for August 28th

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 Wednesday, negotiated cash trading has been at a standstill in the Southern Plains. In the Texas Panhandle last week live FOB purchases traded at 183.00. For the prior week in Kansas live FOB purchases traded from 183.00-184.00. In the Western Cornbelt and Nebraska negotiated cash trade has been inactive on very light demand. For the previous week in Nebraska live FOB purchases traded at 184.00 and dressed delivered purchases traded from 293.00-295.00. Not enough purchases for a market trend. Last week live FOB purchases traded from 184.00-188.00 and dressed delivered purchases traded from 293.00-295.00.
Negotiated Sales:
Confirmed:       710
Week Ago:      6,315
Year Ago:       6,384
Formula Net - Dressed Steers & Heifers:
Head count priced today:   28,000
Weighted avg. weight:         894.00
Weighted avg. net price:     296.49
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Cattle Slaughter under Federal Inspection
Wednesday         120,000
Week Ago             122,000
Year Ago               123,383
Week to Date       354,000
Last Week WTD   363,000
Last Year WTD     374,966
Tuesday
Steers & Heifers:   95,000
Cows & Bulls:        23,000
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Boxed Beef:
Cutout Values:
Choice: 307.29… -4.68
Select:  297.63… -2.62
Choice/Select Spread: 9.66
Total Load Count: 124
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Cutter Cow Cutout:
295.77… +0.57
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CME Feeder Cattle Index for August 27th:
242.64… +0.01 / 0.00%
1 Year Change: -2.09%
52 Week Range: 215.33 to 261.88
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Futures Settlements:
Live Cattle 
August: 183.75… -1.42
October: 178.62… -0.78
December: 177.77… -1.08
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Feeder Cattle:
August: 243.55… -0.65
September: 241.30… -0.62
October: 238.57… +0.20
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October Lean Hogs: 81.67… -0.40
September Crude Oil: 74.56… -0.97
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December Corn: 3.9075… -0.0200
December Wheat: 5.4150… +0.0600
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Grain Cash Bids:
Omaha Corn: 4.00… -0.0300
Kansas City Wheat: 4.95… +0.06
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Financial Markets:
DJIA: 41,095.16… -155.34
S & P 500: 5,592.43… -33.37
NASDAQ: 17,556.03… -198.79
U.S. Dollar Index: 101.12… +0.57