|
Aug
28
2018
|
|
Posted 4 years 211 days ago ago by Administrator Account
|
|
Daily Market Summary for August 28th...
Slaughter Cattle:
Thus far for Tuesday trading in the Southern and Northern Plains has been at a standstill. In the Western Cornbelt trading has been limited on very light demand. Not enough trades for a market trend. Last week, in the Southern Plains, live cash trades moved at 109.00. For the prior week, in Nebraska, live cash trades moved from 109.00-109.50 and dressed cash trades moved mostly at 173.00. For the previous week, in Colorado, live cash trades moved at 109.50. Last week, in the Western Cornbelt, live cash trades moved mostly from 108.00-109.00 and dressed cash trades moved mostly from 172.00-174.00.
Negotiated Sales:
Confirmed: 2,562 Week Ago: 466 Year Ago: 1,969
Formula Net - Dressed Steers & Heifers
Head count priced today: 23,900
Weighted avg weight: 865.00
Weighted avg net price: 175.22
Alberta Beef Producers Daily Report:
Alberta direct cattle sales Monday saw no new trade to report. This week's showlist has been compiled with volumes steady with the previous week. Western Canadian fed slaughter volumes for the week ending August 18th totaled just over 46,000 head, volumes are 8% larger than the same week last year. This ranks as the 3rd largest weekly slaughter volume seen this year.
Livestock Slaughter under Federal Inspection:
CATTLE CALVES HOGS SHEEP
Tuesday (est 119,000 2,000 468,000 8,000
Week ago (est) 119,000 2,000 467,000 9,000
Year ago (act) 117,000 2,000 450,000 9,000
Week to date (est) 238,000 4,000 934,000 16,000
Last Week (est) 237,000 4,000 915,000 17,000
Last Year (act) 233,000 4,000 899,000 18,000
Boxed Beef:
Boxed beef cutout values weak to lower on light to moderate demand and offerings. Select and Choice rib cuts steady to firm while chuck, round, and loin cuts steady to weak. Beef trimmings unevenly steady on light demand and moderate offerings.
Cutout Values... Choice Select
Current Cutout Values: 212.53 204.41
Change from prior day: -1.10 -0.44
Choice/Select spread: 8.12
Futures Summary:
CME Feeder Cattle Index: 150.60… -0.04
August Live Cattle Futures: 107.80… -0.40
October Live Cattle Futures: 108.45… -0.85
December Live Cattle Futures: 112.60… -1.05
August Feeder Cattle Futures: 149.35… -0.87
September Feeder Cattle Futures: 149.52… -1.15
November Feeder Cattle Futures: 149.42… -0.65
September Hog Futures: 52.00… -2.77
Nearby Crude Oil Futures Contract: 68.53… -0.34
National Grain Market Summary:
Compared to yesterday, cash bids for wheat was steady to lower; corn, wheat and sorghum were lower. Analysts are concerned about soybean carryout bushels reported recently and how the recent August rains will affect yields. Typically moisture in August bodes well for soybean yield increases. The corn crop is maturing faster than normal as 61 percent of corn is dented, compared to the 5 year average of 42 percent.
September Corn Futures: 3.4100… -0.0575
August Soybean Futures: 8.2050… -0.1425
September Wheat Futures: 4.9825… -0.0100
Kansas City Corn: 3.27… -0.06
Kansas City Soybeans: 7.88… -0.15
Kansas City Wheat: 5.29… -0.02
Financial Markets:
Dow Jones Industrial Average: 26,064.63… +14.99
S & P 500: 2,897.61… +0.87
NASDAQ: 8,030.04… +12.14
U.S. Dollar Index: 94.72… -0.04
Cotton (www.ams.usda.gov):
October Cotton Futures: 83.81… +0.29
Milk (www.cmegroup.com):
August Class III Milk Futures: 15.02… -0.01