Aug 13 2020

Texas Daily Ag Market News Summary Posted 4 years 107 days ago by Administrator Account

Daily Market Summary for August 13^th

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Slaughter Cattle:

As of 3:00 PM Thursday, negotiated cash trading has been limited on light demand in the Southern Plains, Nebraska and Western Cornbelt. In Colorado negotiated cash trading has been at a standstill. Not enough purchases in any of these regions for a market trend. In the Southern Plains the last reported market was on Wednesday with live purchases mostly at 104.00. In Nebraska the last reported dressed market was on Tuesday at 165.00. Last week, in the Northern Plains live purchases moved at 103.00. In the Western Cornbelt the last live purchase market was on Wednesday from 106.50 to 107.00. The last dressed purchase market was on Tuesday from 165.00 to 170.00.

   

Negotiated Sales:

Confirmed:              3,198

Week Ago:             10,556

Year Ago:                 1,894

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:  30,500

Weighted avg. weight:       904 lbs.

Weighted avg. net price:    162.66

        

Cattle Slaughter under Federal Inspection:

Thursday (est)                   118,000

Week ago (est)                  118,000

Year ago (act)                    117,000

Week to Date                    465,000

Same Period Last Week   464,000

Same Period Last year     464,000

Previous Day (est)

Steers & Heifers:  92,000

Cows & Bulls:        25,000

                                                                                                              

Boxed Beef:

Cutout Values:

Choice: 210.95… +1.86

Select:  197.41… +1.42

Choice/Select Spread: 13.54

Total Load Count: 139

        

Cutter Cow Cutout:

181.05… -2.80

   

CME Feeder Cattle Index for August 11^th:

142.62… +0.29

            

Futures…

Live Cattle:

August: 107.05… +0.70

October: 110.15… +0.58

December: 112.82… +0.27

   

Feeder Cattle:

August: 144.95… -0.30

September: 147.37… -0.58

October: 148.47… -0.63

     

October Hogs: 52.35… +0.75

September Crude Oil: 42.24… -0.43

   

September Corn: 3.2525… +0.1075

August Soybeans: 8.9625… +0.1575

September Wheat: 4.9675… +0.0550

   

Grain Cash Bids:

Kansas City Corn: 3.4725… +0.1075

Kansas City Soybeans: 8.5117… +0.1650

Kansas City Wheat: 4.9675… +0.0550

   

Financial Markets:

DJIA: 27,896.72… -80.12

S & P 500: 3,373.40… -6.95

NASDAQ: 11,042.50… +30.26

U.S. Dollar Index: 93.31… -0.13