Aug 05 2019

Texas Daily Ag Market News Summary Posted 5 years 115 days ago by Administrator Account

Daily Market Summary for August 5th

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!

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Slaughter Cattle:  

As of 3:00 PM Monday, negotiated cash trading in the Southern Plains and Nebraska has been at a standstill. In the Western Cornbelt negotiated cash trading has been inactive on very light demand. Not enough trades for a market trend. Last week in the Southern Plains live cash trades moved at 111.00. For the prior week in Nebraska live and dressed cash trades moved mostly at 114.00 and 185.00, respectively. For the previous week in the Western Cornbelt live and dressed cash trades moved mostly from 115.00-116.00 and at 185.00, respectively.

    

Negotiated Sales:

Confirmed: 83 --- Week Ago: 273 --- Year Ago: 3,732

 

Formula Net - Dressed Steers & Heifers

Head count priced today: 38,000

Weighted avg weight:             861

Weighted avg net price:    182.15

   

Alberta Beef Producers Daily Report: Alberta CA

Not reported… Canadian Holiday

    

Livestock Slaughter under Federal Inspection:                                  

                                   Cattle       Calves    Hogs          Sheep

Monday (est             119,000    2,000     427,000     8,000

Week ago (est)         119,000    2,000     452,000     9,000

Year ago (act)           117,000    2,000     394,000     9,000

Previous Day Estimated   Steers & Heifers --- Cows & Bulls

                              Friday           92,000                      22,000

                         Saturday            29,000                        6,000

                             

Boxed Beef: 

Boxed beef cutout values steady on Choice and higher on Select on moderate to fairly good demand and moderate offerings. Select and Choice rib, round, and loin cuts steady to firm while chuck cuts weak. Beef trimmings higher on moderate demand and light offerings.

 

Cutout Values...                 Choice     Select

Current Cutout Values:     214.70     191.67

Change from prior day:        -0.03       +1.04

Choice/Select spread:          23.03

Total Load Count (Cuts, Trimmings, Grinds): 106

  

Cutter Cow Cutout: 174.04… +0.39

  

CME Feeder Cattle Index: 142.62… +0.09

 

Futures…

Live Cattle:

August: 107.80… +0.15

October: 107.40… -0.42

December: 111.90… +0.13

Feeder Cattle:

August: 140.52… +0.90

September: 139.40… +1.18

October: 138.42… +0.45

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September Hogs: 67.42… +1.70

September Crude Oil: 54.69… -0.97

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September Corn: 4.0525… +0.0575

September Soybeans: 8.5600… +0.0025

September Wheat: 4.9450… +0.0375

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Grain Cash Bids:

Kansas City Corn: 4.16… +0.06

Kansas City Soybeans: 8.15… +0.03

Kansas City Wheat: 4.90… +0.04

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Financial Markets:

Dow Jones Industrial Average: 25,717.74… -767.27

S & P 500: 2,844.74… -87.31

NASDAQ: 7,726.04… -278.03

U.S. Dollar Index: 97.55… -0.52