Jul 29 2020

Texas Daily Ag Market News Summary Posted 4 years 122 days ago by Administrator Account

Daily Market Summary for July 29^th

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Slaughter Cattle:

As of 3:00 PM Wednesday in the Texas Panhandle, negotiated cash trading and demand have been moderate. Compared to last week live purchases moved mostly 1.00 higher at 97.00. In Kansas, negotiated cash trading has been moderate with good demand. Compared to the prior week live purchases moved mostly 1.00 higher at 97.00. In Nebraska and Western Cornbelt negotiated cash trading has been slow with light demand. In Nebraska a few dressed purchases moved at 160.00. In the Western Cornbelt a few live and dressed purchases moved at 101.00 and 160.00, respectively. However, not enough for a full market trend. In Nebraska last week live purchases moved at 98.00 and dressed purchases moved at 158.00. In the Western Cornbelt last week live purchases moved from 99.00 to 100.00 and dressed purchases moved at 158.00. Thus far for Wednesday in Colorado negotiated cash trading was inactive on very light demand. Not enough purchases for a market trend. Last week live and dressed purchases moved at 98.00 and 158.00, respectively.

The FCE Online Auction offered 1,507 head today with 1,245 head sold for $97.00 and $97.50 for a wtd avg price of $97.30.

   

Negotiated Sales:

Confirmed:               31,529

Week Ago:                21,004

Year Ago:                  20,045

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:  22,800

Weighted avg. weight:       881 lbs.

Weighted avg. net price:    154.01

        

Cattle Slaughter under Federal Inspection:

Wednesday (est)              119,000

Week ago (est)                  117,000

Year ago (act)                    121,000

Week to Date                    355,000

Same Period Last Week   352,000

Same Period Last year     360,000

Previous Day (est)

Steers & Heifers:  94,000

Cows & Bulls:        25,000

                                                                                                               

Boxed Beef:

Cutout Values:

Choice: 201.11… -1.85

Select:  187.06… +1.17

Choice/Select Spread: 11.62

Total Load Count: 174

        

Cutter Cow Cutout:

187.06… -4.19

   

CME Feeder Cattle Index for July 28^th:

139.83... +0.06

            

Futures…

Live Cattle:

August: 101.45… +0.55

October: 106.05… +1.05

December: 109.95… +1.08

   

Feeder Cattle:

August: 141.97… +1.27

September: 142.57… +1.27

October: 143.25… +1.33

     

August Hogs: 53.07… -1.13

September Crude Oil: 41.27… +0.23

   

September Corn: 3.1550… -0.0450

August Soybeans: 8.9150… -0.0525

September Wheat: 5.3275… -0.0925

   

Grain Cash Bids:

Kansas City Corn: 3.17… -0.05

Kansas City Soybeans: 8.64… -0.02

Kansas City Wheat: 5.40… +0.09

   

Financial Markets:

DJIA: 26,541.97… +162.48

S & P 500: 3,258.61… +40.16

NASDAQ: 10,542.94… +140.85

U.S. Dollar Index: 93.38… -0.32