Aug 04 2020

Texas Daily Ag Market News Summary Posted 4 years 116 days ago by Administrator Account

Daily Market Summary for August 4^th

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Slaughter Cattle:

As of 3:00 PM Tuesday in Kansas, negotiated cash trading has been limited on light demand. A few live purchases moved at 100.00. In the Texas Panhandle and Western Cornbelt negotiated cash trading has been inactive on very light demand. However, not enough for a market trend in any of these regions. Last week in the Southern Plains live purchases moved at 97.00. Last week in the Western Cornbelt live and dressed purchases moved from 100.00 to 102.00 and 160.00, respectively. So far for Tuesday in the Northern Plains negotiated cash trading has been at a standstill. 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.

   

Negotiated Sales:

Confirmed:               3,396

Week Ago:                7,139

Year Ago:                   5,228

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:  23,000

Weighted avg. weight:       873 lbs.

Weighted avg. net price:    158.06

         

Cattle Slaughter under Federal Inspection:

Tuesday (est)                     119,000

Week ago (est)                  119,000

Year ago (act)                    121,000

Week to Date                    232,000

Same Period Last Week   236,000

Same Period Last year     241,000

Previous Day (est)

Steers & Heifers:  90,000

Cows & Bulls:        23,000

                                                                                                              

Boxed Beef:

Cutout Values:

Choice: 204.24… -0.42

Select:  190.45… +0.05

Choice/Select Spread: 13.79

Total Load Count: 160

        

Cutter Cow Cutout:

188.47… +0.01

   

CME Feeder Cattle Index for August 3^rd:

140.50… +0.70

            

Futures…

Live Cattle:

August: 102.27… -0.75

October: 107.47… -0.80

December: 111.37… -0.45

   

Feeder Cattle:

August: 144.70… -0.17

September: 146.62… -0.45

October: 147.07… -0.15

     

September Hogs: 49.02… +0.62

September Crude Oil: 41.70… +0.69

   

September Corn: 3.0825… -0.0925

August Soybeans: 8.7975… -0.1325

September Wheat: 5.0825… -0.1275

   

Grain Cash Bids:

Kansas City Corn: 3.08… -0.09

Kansas City Soybeans: 8.60… -0.15

Kansas City Wheat: 5.16… -0.13

   

Financial Markets:

DJIA: 26,829.43… +164.50

S & P 500: 3,306.57… +11.95

NASDAQ: 10,941.17… +38.37

U.S. Dollar Index: 93.24… -0.11