Aug 11 2020

Texas Daily Ag Market News Summary Posted 4 years 109 days ago by Administrator Account

Daily Market Summary for August 11^th

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Slaughter Cattle:

As of 3:00 PM Tuesday, negotiated cash trading has been limited on light demand in Kansas, Nebraska and Western Cornbelt. In Kansas a few live purchases moved at 103.00. In the Western Cornbelt a few live purchases moved at 105.00. In the Texas Panhandle and Colorado negotiated cash trading has been at a standstill. Not enough purchases for a full market trend in any feeding region. 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. For the previous week in Nebraska and Western Cornbelt dressed purchases moved at 163.00.

   

Negotiated Sales:

Confirmed:               6,456

Week Ago:                3,396

Year Ago:                    292

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:  27,300

Weighted avg. weight:       876 lbs.

Weighted avg. net price:    160.32

        

Cattle Slaughter under Federal Inspection:

Tuesday (est)                     117,000

Week ago (est)                  116,000

Year ago (act)                    117,000

Week to Date                    230,000

Same Period Last Week   229,000

Same Period Last year     232,000

Previous Day (est)

Steers & Heifers:  90,000

Cows & Bulls:        23,000

                                                                                                               

Boxed Beef:

Cutout Values:

Choice: 208.08… +0.88

Select:  195.02… +1.09

Choice/Select Spread: 13.06

Total Load Count: 156

        

Cutter Cow Cutout:

183.42… -1.12

   

CME Feeder Cattle Index for August 7^th:

142.61… +0.69

            

Futures…

Live Cattle:

August: 104.65… +1.05

October: 108.30… +1.15

December: 111.67… +0.70

   

Feeder Cattle:

August: 144.50… +0.93

September: 146.62… +1.22

October: 147.62… +1.05

     

October Hogs: 51.82… -2.00

September Crude Oil: 41.61… -0.33

   

September Corn: 3.1150… +0.0100

August Soybeans: 8.7050… +0.0050

September Wheat: 4.9500… +0.0400

   

Grain Cash Bids:

Kansas City Corn: 3.33… +0.01

Kansas City Soybeans: 8.25… +0.02

Kansas City Wheat: 4.91… +0.01

   

Financial Markets:

DJIA: 27,688.82… -103.22

S & P 500: 3,333.76… -26.71

NASDAQ: 10,782.82… -185.54

U.S. Dollar Index: 93.71… +0.13