Aug 10 2020

Texas Daily Ag Market News Summary Posted 4 years 110 days ago by Administrator Account

Daily Market Summary for August 10^th

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Slaughter Cattle:

As of 3:00 PM Monday, negotiated cash trading has been at a standstill in the Southern and Northern Plains. In the Western Cornbelt negotiated cash trading has been inactive on very light demand. Not enough purchases for a market trend. Last week in the Southern Plains live purchases moved at 103.00. For the prior week in the Northern Plains and Western Cornbelt live purchases moved at 103.00. In Nebraska and Western Cornbelt dressed purchases moved at 163.00.

   

Negotiated Sales:

Confirmed:               114

Week Ago:                  36

Year Ago:                  138

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:  45,800

Weighted avg. weight:       890 lbs.

Weighted avg. net price:    155.93

        

Cattle Slaughter under Federal Inspection:

Monday (est)                     117,000

Week ago (est)                  113,000

Year ago (act)                    115,000

Previous Day (est)

Steers & Heifers:  87,000

Cows & Bulls:        22,000

                                                                                                               

Boxed Beef:

Cutout Values:

Choice: 207.20… +1.73

Select:  193.93… +1.18

Choice/Select Spread: 13.27

Total Load Count: 108

        

Cutter Cow Cutout:

184.54… +0.25

   

CME Feeder Cattle Index for August 7^th:

142.61… +0.61

            

Futures…

Live Cattle:

August: 103.60… +0.80

October: 107.15… +0.70

December: 110.97… +0.90

   

Feeder Cattle:

August: 143.57… +0.85

September: 145.40… +0.28

October: 146.57… +0.17

     

October Hogs: 53.82… +2.85

September Crude Oil: 41.94… +0.72

   

September Corn: 3.1050… +0.0275

August Soybeans: 8.7000… +0.0425

September Wheat: 4.9100… -0.0450

   

Grain Cash Bids:

Kansas City Corn: 3.08

Kansas City Soybeans: 8.46

Kansas City Wheat: 5.03

   

Financial Markets:

DJIA: 27,791.44… +357.96

S & P 500: 3,360.47… +9.19

NASDAQ: 10,968.36… -42.62

U.S. Dollar Index: 93.59… +0.15