Aug 06 2020

Texas Daily Ag Market News Summary Posted 4 years 114 days ago by Administrator Account

Daily Market Summary for August 6^th

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Slaughter Cattle:

As of 3:00 PM Thursday in the Southern Plains, negotiated cash trading has been inactive on light demand. Not enough purchases for a market trend. The last reported market was on Wednesday with live purchases mostly at 100.00. So far Thursday in Nebraska and Western Cornbelt negotiated cash trading has been limited on light to moderate demand. In Nebraska a few dressed purchases moved at 163.00. In the Western Cornbelt a few live and dressed purchases moved at 103.00 and 163.00. However, not enough purchases in either region for a full market trend. Last week in Nebraska live and dressed purchases moved at 100.00 and 160.00, respectively. In the Western Cornbelt the last reported market was on Wednesday with live and dressed purchases at 103.00 and 162.00, respectively. Thus far for Thursday in Colorado negotiated cash trading has been at a standstill. Last week live purchases moved from 98.00 to 100.00.

   

Negotiated Sales:

Confirmed:             10,556

Week Ago:              11,820

Year Ago:                 5,446

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:  24,900

Weighted avg. weight:       878 lbs.

Weighted avg. net price:    159.51

        

Cattle Slaughter under Federal Inspection:

Thursday (est)                   118,000

Week ago (est)                  119,000

Year ago (act)                    122,000

Week to Date                    464,000

Same Period Last Week   474,000

Same Period Last year     483,000

Previous Day (est)

Steers & Heifers:  92,000

Cows & Bulls:        25,000

                                                                                                              

Boxed Beef:

Cutout Values:

Choice: 204.66… +1.09

Select:  192.01+1.19

Choice/Select Spread: 12.65

Total Load Count: 143

        

Cutter Cow Cutout:

181.84… -1.18

   

CME Feeder Cattle Index for August 5^th:

140.79… +0.19

            

Futures…

Live Cattle:

August: 102.65… +0.35

October: 106.97… -0.48

December: 110.95… -0.70

   

Feeder Cattle:

August: 143.47… -1.33

September: 145.87… -0.60

October: 146.77… -0.53

     

October Hogs: 49.20… -0.10

September Crude Oil: 41.95… -0.24

   

September Corn: 3.1125… +0.0025

August Soybeans: 8.7475… -0.0150

September Wheat: 5.0125… -0.0950

   

Grain Cash Bids:

Kansas City Corn: 3.11… Unchanged

Kansas City Soybeans: 8.54… -0.01

Kansas City Wheat: 5.09… -0.09

   

Financial Markets:

DJIA: 27,386.98… +185.46

S & P 500: 3,349.18… +21.45

NASDAQ: 11,108.07… +109.67

U.S. Dollar Index: 92.81… -0.06