Jul 30 2020

Texas Daily Ag Market News Summary Posted 4 years 121 days ago by Administrator Account

Daily Market Summary for July 30^th

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Slaughter Cattle:

As of 3:00 PM Thursday in Kansas, Northern Plains and Western Cornbelt, negotiated cash trading has been limited on light demand. In the Texas Panhandle negotiated cash trading has been at a standstill. Not enough purchases for a market trend in any region. The last reported market in these regions was on Wednesday. In the Southern Plains live purchases moved at 97.00. In Nebraska live and dressed purchases moved at 100.00 and 160.00, respectively. In Colorado live purchases moved at 98.00. In the Western Cornbelt live and dressed purchases moved from 100.00 to 102.00 and at 160.00, respectively.

   

Negotiated Sales:

Confirmed:               11,820

Week Ago:                  9,272

Year Ago:                    5,446

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:  28,000

Weighted avg. weight:       890 lbs.

Weighted avg. net price:    156.68

        

Cattle Slaughter under Federal Inspection:

Thursday (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: 201.80… +0.69

Select:  191.50… +2.01

Choice/Select Spread: 10.30

Total Load Count: 137

        

Cutter Cow Cutout:

186.80… -0.26

   

CME Feeder Cattle Index for July 29^th:

139.24… -0.59

            

Futures…

Live Cattle:

August: 101.72… +0.27

October: 106.75… +0.70

December: 110.45… +0.50

   

Feeder Cattle:

August: 143.02… +1.05

September: 144.42… +1.85

October: 144.52… +1.27

     

August Hogs: 51.42… -1.65

September Crude Oil: 39.92… -1.35

   

September Corn: 3.1575… +0.0025

August Soybeans: 8.9175… +0.0025

September Wheat: 5.2950… -0.0325

   

Grain Cash Bids:

Kansas City Corn: 3.17… Unchanged

Kansas City Soybeans: 8.70… +0.06

Kansas City Wheat: 5.37… -0.03

   

Financial Markets:

DJIA: 26,314.81… -227.16

S & P 500: 3,246.33… -12.28

NASDAQ: 10,587.81… +44.87

U.S. Dollar Index: 93.00… -0.45