Jul 31 2020

Texas Daily Ag Market News Summary Posted 4 years 120 days ago by Administrator Account

Daily Market Summary for July 31^st

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Slaughter Cattle:

As of 3:00 PM Friday, negotiated cash trading has been limited on light demand in all major feeding regions. Not enough purchases for a full market trend. 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:                 3,189

Week Ago:                  2,479

Year Ago:                  17,739

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:  23,500

Weighted avg. weight:       866 lbs.

Weighted avg. net price:    156.59

        

Cattle Slaughter under Federal Inspection:

Friday (est)                        113,000

Week ago (est)                  113,000

Year ago (act)                    115,000

Week to Date                    587,000

Same Period Last Week   585,000

Same Period Last year     598,000

Previous Day (est)

Steers & Heifers:  96,000

Cows & Bulls:        23,000

                                                                                                              

Boxed Beef:

Cutout Values:

Choice: 203.26… +1.46

Select:  189.89… -1.61

Choice/Select Spread: 13.37

Total Load Count: 98

        

Cutter Cow Cutout:

184.53… -2.27

   

CME Feeder Cattle Index for July 30^th:

138.58… -0.66

            

Futures…

Live Cattle:

August: 102.82… +1.10

October: 107.87… +1.12

December: 111.55… +1.10

   

Feeder Cattle:

August: 144.67… +1.65

September: 146.22… +1.80

October: 146.65… +2.13

     

August Hogs: 52.00… +0.58

September Crude Oil: 40.27… +0.35

   

September Corn: 3.1600… +0.0025

August Soybeans: 8.9750… +0.0575

September Wheat: 5.3125… +0.0175

   

Grain Cash Bids:

Kansas City Corn: 3.16… -0.01

Kansas City Soybeans: 8.71… +0.01

Kansas City Wheat: 5.39… +0.02

   

Financial Markets:

DJIA: 26,429.22… +114.41

S & P 500: 3,271.25… +24.92

NASDAQ: 10,745.27… +157.46

U.S. Dollar Index: 93.44… +0.42