Aug 26 2019

Texas Daily Ag Market News Summary Posted 5 years 94 days ago by Administrator Account

Daily Market Summary for August 26th

 The Daily Market News Report brought to you by The Cattle Range. Please visit https://www.cattlerange.com/comprehensive-cattle-market-reports-analysis/daily-summary/ for more information!

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Slaughter Cattle:

As of 3:00 PM Monday, negotiated cash trade was mostly inactive on light demand in all feeding regions. Last week in the Southern Plains live purchases traded at 106.00. Last week in Nebraska live purchases traded from 107.00-108.00 and a light test with dressed purchases from 170.00-178.00, bulk from 175.00.-178.00 on a light test. For the previous week in the Western Cornbelt, on a light test, live purchases traded mostly at 110.00 with dressed purchases from 174.00-178.00.

    

Negotiated Sales:

Confirmed: 1,866 --- Week Ago: 236 --- Year Ago: 40

 

Formula Net - Dressed Steers & Heifers

Head count priced today: 30,500

Weighted avg weight:           861

Weighted avg net price:   171.83

   

Alberta Beef Producers Daily Report: Alberta CA

Alberta direct cattle sales last week saw light trade develop with weighted average steer and heifer prices closing the week at 141.50 and 141.25 respectively. Weighted average prices are now at the lowest point since October 2017. Looking at the non-fed market butcher cows traded 1.00 lower through commercial auction facilities last week. Non-fed supplies remain very manageable but supplies are expected to increase heading into September.

     

Livestock Slaughter under Federal Inspection:                                  

                                  Cattle       Calves     Hogs          Sheep

Monday (est            116,000    2,000     477,000     9,000

Week ago (est)       115,000    2,000     480,000     9,000

Year ago (act)         120,000    2,000     468,000     8,000

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

                           Friday            90,000                    25,000

                      Saturday            66,000                    11,000

                                

Boxed Beef: 

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

 

Cutout Values...                 Choice     Select

Current Cutout Values:     238.06     211.66

Change from prior day:       +0.54        -1.05

Choice/Select spread:          26.40

Total Load Count (Cuts, Trimmings, Grinds): 87

  

Cutter Cow Cutout: 176.88… +0.72

  

CME Feeder Cattle Index: 137.66… -2.17

  

Futures…

Live Cattle:

August: 105.47… +0.85

October: 101.00… +1.60

December: 105.97… +1.67

Feeder Cattle:

August: 138.65… +1.30

September: 136.00… +2.75

October: 134.37… +1.85

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September Hogs: 63.80… +4.50

October Crude Oil: 53.64… -0.53

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September Corn: 3.5850… -0.0125

September Soybeans: 8.5375… +0.1050

September Wheat: 4.7300… -0.0225

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Grain Cash Bids:

Kansas City Corn: 3.71… -0.01

Kansas City Soybeans: 8.11… +0.10

Kansas City Wheat: 4.68… -0.02

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Financial Markets:

Dow Jones Industrial Average: 25,898.83… +269.93

S & P 500: 2,878.38… +31.22

NASDAQ: 7,853.74… +101.97

U.S. Dollar Index: 98.05… +0.41