Aug 12 2020

Texas Daily Ag Market News Summary Posted 4 years 108 days ago by Administrator Account

Daily Market Summary for August 12^th

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Slaughter Cattle:

As of 3:00 PM Wednesday in the Texas Panhandle, negotiated cash trading has been active with moderate demand. In Kansas negotiated cash trading and demand have been moderate. Compared to last week, in the Southern Plains, live purchases moved mostly 4.00 higher at 104.00. A few in Kansas up to 105.00. Good movement was noted in the Texas Panhandle. So far for Wednesday in Western Cornbelt negotiated cash trading has been slow with light demand. A few live purchases moved at 107.00. However, not enough live and dressed purchases for a full market trend. The last reported market was on Tuesday with live and dressed purchases moving at 105.00 and from 165.00 to 170.00, respectively. Thus far for Wednesday in the Northern Plains negotiated cash trading has been inactive on very light demand. Not enough purchases for a market trend. In Nebraska the last reported dressed purchase market was on Tuesday at 165.00. In the Northern Plains last week live purchases moved at 103.00.

The FCE On-Line Auction offered 890 head today with 602 head in KS & TX sold for 104.50 & 104.27.

   

Negotiated Sales:

Confirmed:              31,968

Week Ago:                 5,115

Year Ago:                 17,084

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:  23,500

Weighted avg. weight:       884 lbs.

Weighted avg. net price:    161.06

        

Cattle Slaughter under Federal Inspection:

Wednesday (est)               117,000

Week ago (est)                  117,000

Year ago (act)                    115,000

Week to Date                    347,000

Same Period Last Week   346,000

Same Period Last year     347,000

Previous Day (est)

Steers & Heifers:  93,000

Cows & Bulls:        24,000

                                                                                                               

Boxed Beef:

Cutout Values:

Choice: 209.09… +1.01

Select:  195.99… +0.97

Choice/Select Spread: 13.10

Total Load Count: 182

        

Cutter Cow Cutout:

183.85… +0.43

   

CME Feeder Cattle Index for August 11^th:

142.62… +0.29

            

Futures…

Live Cattle:

August: 106.35… +1.70

October: 109.57… +1.27

December: 112.55… +0.88

   

Feeder Cattle:

August: 145.25… +0.75

September: 147.95… +1.33

October: 149.10… +1.48

     

October Hogs: 51.60… -0.22

September Crude Oil: 42.67… +1.06

   

September Corn: 3.1450… +0.0300

August Soybeans: 8.8050… +0.1000

September Wheat: 4.9125… -0.0375

   

Grain Cash Bids:

Kansas City Corn: 3.3650… +0.0400

Kansas City Soybeans: 8.3467… +0.0967

Kansas City Wheat: 4.9125… -0.0375

   

Financial Markets:

DJIA: 27,976.84… +288.62

S & P 500: 3,380.35… +46.59

NASDAQ: 11,012.24… +229.42

U.S. Dollar Index: 93.43… -0.20