Aug
31
2016
|
|
Posted 8 years 143 days ago by
|
|
Feeder
cattle auctions reported prices $4 to $12 lower; Futures lower.
Fed
cattle cash trade inactive; Formula trades higher; Futures higher; Beef prices
lower.
Cotton
lower.
Grains
and Soybeans mixed.
Milk
futures lower.
Crude
oil lower; Natural gas higher.
Stock
markets lower.
Texas feeder cattle auctions reported prices $4
to $12 lower. September Feeder cattle futures were $2.00 lower, closing
at $140.52 per hundredweight (cwt). The Texas fed cattle cash trade was inactive
today. Whole sale boxed beef values were lower with choice grade losing
$0.13 to close at $196.49 per cwt and select grade losing $1.46 to close at $189.71
per cwt. Fed cattle futures were $0.45 higher, closing at $111.95 per
cwt. Estimated slaughter for the week totaled 337,000 down 1,000 from last
week’s total and up 7,000 from last year’s total.
Cotton prices were lower with cash prices losing
0.50 cents to close at 62.87 cents per pound and October futures losing 0.65
cents to close at 65.32 cents per pound.
Corn prices were lower with cash prices
losing $0.01 to close at $3.00 per bushel and September futures losing $0.02 to
close at $3.02 per bushel. Grain Sorghum cash prices were lower, losing $0.02 to close at $4.37
per cwt.
Wheat prices were higher with cash prices gaining
$0.04 to close at $2.86 per bushel and September futures gaining $0.03 to close
at $3.71 per bushel.
Milk prices were lower
with September Class III Milk futures losing $0.14 to close at $16.46 per cwt.
Stock
Markets
were lower today, closing the month of August out with slight losses. Crude
oil prices were lower, with October crude oil futures losing $1.65 to close
at $44.70 per barrel. Oil prices fell after weekly inventory data showed that
U.S stockpiles had gained more than was predicted, pushing stockpiles of crude
oil up to record-high levels.
Daily Market Summary Data 08/31/16
If
you are interested in receiving this daily report, please subscribe here.
From
Agri-Pulse:
WASHINGTON,
Aug. 31, 2016 -- Michael Dykes, long-time vice president of government affairs
at Monsanto, has been chosen as the next president and CEO of the International
Dairy Foods Association.
Dykes
will replace Connie Tipton, who announced in January her plan to retire after
spending 35 years representing the dairy foods industry in Washington. Dykes
will work in transition with Tipton beginning in October before assuming the
CEO role in January 2017, IDFA said in a release.
“I look
forward to collaborating with Connie to ensure a seamless transition, and
working closely with members and staff to make a difference for the dairy foods
industry,” Dykes said in the release.
As
Monsanto's VP of government affairs for the past 19 years, Dykes was
responsible for developing and implementing a portfolio of U.S. government
relations strategies and programs that included agricultural biotechnology
policy, IDFA pointed out in the release. He led Monsanto's office in Washington
and served as the company's primary point of contact for elected officials,
regulatory authorities, U.S. farm organizations, key industry participants,
trade associations, international organizations and embassies. He also directed
the company's efforts in state and local government affairs, in addition to
government affairs in Mexico and Canada.
Dykes
grew up on a small dairy and tobacco farm in Kentucky. He earned a Doctor of
Veterinary Medicine degree from Auburn University. He also attended the
University of Kentucky where he received a Master of Science degree in
Agricultural Economics and a Bachelor of Science degree in Animal Science.
“Michael's
policy experience combined with his food and animal science background could
not be a better fit for IDFA” said Jeff Kaneb, executive vice president of HP
Hood LLC and chairman of IDFA's transition committee. “He brings energy,
enthusiasm and a track record of success to IDFA.”