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Aug
23
2018
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Posted 4 years 216 days ago ago by Administrator Account
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Daily Market Summary for August 23rd
The Daily Market News Report bought to you by The Cattle Range. Please visit https://cattlerange.com/cattle-market-reports-analysis/daily-summary/ for more information!
Slaughter Cattle:
Unavailable
Negotiated Sales:
Unavailable
Formula Net - Dressed Steers & Heifers
Unavailable
Alberta Beef Producers Daily Report:
Alberta direct cattle sales Wednesday saw no new trade to report. Dressed bids have been reported at 238.00 delivered. Bids are positioned at the bottom end of last week's trading range. No live bids have been reported however using a 60% dressing percentage, dressed bids are working back to the low 140's on a live basis. Last week there were talks packers did operate on Saturday, increased slaughter volumes should help tighten front end packer supplies.
Livestock Slaughter under Federal Inspection:
CATTLE CALVES HOGS SHEEP
Thursday (est 116,000 2,000 470,000 7,000
Week ago (est) 120,000 2,000 456,000 7,000
Year ago (act) 119,000 2,000 447,000 8,000
Week to date (est) 470,000 8,000 1,854,000 31,000
Last Week (est) 474,000 8,000 1,859,000 30,000
Last Year (act) 471,000 9,000 1,766,000 31,000
Boxed Beef:
Boxed beef cutout values steady to firm on moderate demand and light offerings. Select and Choice rib, round, and loin cuts steady to firm while chuck cuts steady to weak. Beef trimmings mostly moderately to sharply higher on moderate to good demand and moderate offerings.
Cutout Values... Choice Select
Current Cutout Values: 214.37 203.99
Change from prior day: +0.33 +0.02
Choice/Select spread: 10.38
Futures Summary:
CME Feeder Cattle Index: 150.64… +0.80
August Live Cattle Futures: 107.95… -0.27
October Live Cattle Futures: 108.72… -0.18
December Live Cattle Futures: 112.97… -0.25
August Feeder Cattle Futures: 149.02… +0.32
September Feeder Cattle Futures: 149.15… Unchanged
November Feeder Cattle Futures: 148.80… +0.18
September Hog Futures: 51.17… -2.43
Nearby Crude Oil Futures Contract: 67.83… -0.03
National Grain Market Summary:
Compared to yesterday, cash bids for wheat, corn, soybeans, and sorghum were mostly lower. Exports sales for the week of August 16 are mixed. Corn exports were lower than expected coming in at only 6.8 million bushels. Soybeans were within analyst expectations coming in at 5.6 million bushels. Wheat exports were bearish at 8.8 million bushels.
September Corn Futures: 3.4675… -0.0575
August Soybean Futures: 8.4200… -0.1625
September Wheat Futures: 5.2200… -0.0400
Kansas City Corn: 3.35… -0.06
Kansas City Soybeans: 8.14… -0.16
Kansas City Wheat: 5.57… -0.03
Financial Markets:
Dow Jones Industrial Average: 25,656.98… -76.62
S & P 500: 2,856.99… -4.83
NASDAQ: 7,878.46… -10.64
U.S. Dollar Index: 95.62… +0.53
Cotton (www.ams.usda.gov):
October Cotton Futures: 81.73… -0.79
Milk (www.cmegroup.com):
August Class III Milk Futures: 15.00… +/-0.00