Aug 07 2020

Texas Daily Ag Market News Summary Posted 4 years 113 days ago by Administrator Account

Daily Market Summary for August 7^th

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Slaughter Cattle:

As of 3:00 PM Friday in Kansas, Northern Plains, and Western Cornbelt, negotiated cash trading has been limited with light demand. In the Texas Panhandle negotiated cash trading has been at a standstill. Not enough trades in any region for a full market trend. The last reported market in the Southern Plains was on Wednesday with live purchases at 100.00. Thursday was the last reported market in the Northern Plains and Western Cornbelt with live purchases at 103.00 and dressed purchases, in Nebraska and Western Cornbelt, at 163.00.

   

Negotiated Sales:

Confirmed:               6,259

Week Ago:                3,189

Year Ago:                16,245

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:  25,800

Weighted avg. weight:       872 lbs.

Weighted avg. net price:    157.72

        

Cattle Slaughter under Federal Inspection:

Friday (est)                         109,000

Week ago (est)                  113,000

Year ago (act)                    117,000

Week to Date                    573,000

Same Period Last Week   587,000

Same Period Last year     600,000

Previous Day (est)

Steers & Heifers:  94,000

Cows & Bulls:        24,000

                                                                                                              

Boxed Beef:

Cutout Values:

Choice: 205.47… +0.81

Select:  192.75… +0.74

Choice/Select Spread: 12.72

Total Load Count: 116

        

Cutter Cow Cutout:

184.29… +2.45

   

CME Feeder Cattle Index for August 6^th:

141.92… +1.13

            

Futures…

Live Cattle:

August: 102.80… +0.15

October: 106.45… -0.52

December: 110.07… -0.88

   

Feeder Cattle:

August: 142.72… -0.75

September: 145.12… -0.75

October: 146.40… -0.37

     

October Hogs: 50.97… +1.77

September Crude Oil: 41.22… -0.73

   

September Corn: 3.0775… -0.0350

August Soybeans: 8.6575… -0.0900

September Wheat: 4.9550… -0.0575

   

Grain Cash Bids:

Kansas City Corn: 3.08… -0.03

Kansas City Soybeans: 8.46… -0.08

Kansas City Wheat: 5.03… -0.06

   

Financial Markets:

DJIA: 27,433.48… +46.50

S & P 500: 3,351.28… +2.10

NASDAQ: 11,010.98… -97.09

U.S. Dollar Index: 93.39… +0.60