Aug 29 2024

Texas Daily Ag Market News Summary Posted 88 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 Thursday in the Southern Plains, negotiated cash trade has been slow on light demand. Last week in the Texas Panhandle live FOB purchases traded at 183.00. Compared to last week in Kansas live FOB purchases traded 1.00-2.00 lower at 182.00. In Nebraska negotiated cash trade has been slow on light to moderate demand. Compared to last week in Nebraska live FOB purchases traded steady at 184.00. Compared to Wednesday dressed delivered purchases traded mostly steady at 292.00. In the Western Cornbelt negotiated cash trade has been slow on light demand. Not enough purchases for a market trend. Last week in the Western Cornbelt live FOB purchases traded from 184.00-188.00 and dressed delivered purchases traded from 293.00-295.00.

Negotiated Sales:

Confirmed:     15,832

Week Ago:        4,715

Year Ago:          3,255

Formula Net - Dressed Steers & Heifers:

Head count priced today:  25,300

Weighted avg. weight:        905.00

Weighted avg. net price:    300.31

-

Cattle Slaughter under Federal Inspection

Wednesday         123,000

Week Ago             121,000

Year Ago              124,318

Week to Date       477,000

Last Week WTD   484,000

Last Year WTD     499,284

Tuesday

Steers & Heifers:   96,000

Cows & Bulls:         24,000

-

Boxed Beef:

Cutout Values:

Choice: 308.66… +1.37

Select:  296.19… -1.44

Choice/Select Spread: 12.47

Total Load Count: 170

-

Cutter Cow Cutout:

295.77… Unchanged

-

CME Feeder Cattle Index for August 28th:

242.64… 0.00 / 0.00%

1 Year Change: -2.60%

52 Week Range: 215.33 to 261.88

-

Futures Settlements:

Live Cattle:  

August: 184.87… +1.12

October: 177.90… -0.72

December: 176.70… -1.07

-

Feeder Cattle:

August: 243.17… -0.38

September: 239.50… -1.80

October: 236.67… -1.90

-

October Lean Hogs: 82.17… +0.50

September Crude Oil: 75.94… +1.42

-

December Corn: 3.9600… +0.0525

December Wheat: 5.4875… +0.0725

-

Grain Cash Bids:

Omaha Corn: 4.01… +0.01

Kansas City Wheat: 4.96… +0.01

-

Financial Markets:

DJIA: 41,335.38… +240.22

S & P 500: 5,592.00… -0.43

NASDAQ: 17,516.43… -39.60

U.S. Dollar Index: 101.37… +0.28