Aug 03 2020

Texas Daily Ag Market News Summary Posted 4 years 117 days ago by Administrator Account

Daily Market Summary for August 3^rd

The Daily Market News Report bought to you by The Cattle Range. Please visit their website for more information!

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Slaughter Cattle:

As of 3:00 PM Monday, negotiated cash trading has been at a standstill in all feeding regions. Last week in the Southern Plains live purchases moved at 97.00. For the prior week in Nebraska live and dressed purchases moved at 100.00 and 160.00, respectively. For the previous week in Colorado live purchases moved from 98.00 to 100.00. Last week in the Western Cornbelt live and dressed purchases moved from 100.00 to 102.00 and 160.00, respectively.

   

Negotiated Sales:

Confirmed:                 36

Week Ago:                677

Year Ago:                    83

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:  42,700

Weighted avg. weight:       872 lbs.

Weighted avg. net price:    154.29

        

Cattle Slaughter under Federal Inspection:

Monday (est)                     113,000

Week ago (est)                  117,000

Year ago (act)                    120,000

Previous Day (est)

Steers & Heifers:  90,000

Cows & Bulls:        23,000

                                                                                                               

Boxed Beef:

Cutout Values:

Choice: 204.66… +1.40

Select:  190.40… +0.51

Choice/Select Spread: 14.26

Total Load Count: 104

        

Cutter Cow Cutout:

188.46… +3.93

   

CME Feeder Cattle Index for July 30^th:

138.58… -0.66

            

Futures…

Live Cattle:

August: 103.02… +0.20

October: 108.27… +0.40

December: 111.82… +0.27

   

Feeder Cattle:

August: 144.87… +0.20

September: 147.07… +0.85

October: 147.22… +0.57

     

August Hogs: 49.87… -2.13

September Crude Oil: 41.01… +0.74

   

September Corn: 3.1750… +0.0150

August Soybeans: 8.9750… Unchanged

September Wheat: 5.2100… -0.1025

   

Grain Cash Bids:

Kansas City Corn: 3.18… +0.02

Kansas City Soybeans: 8.75… +0.04

Kansas City Wheat: 5.29… -0.10

   

Financial Markets:

DJIA: 26,664.93… +235.71

S & P 500: 3,294.62… +23.37

NASDAQ: 10,902.80… +157.53

U.S. Dollar Index: 93.60… +0.25