Aug 14 2020

Texas Daily Ag Market News Summary Posted 4 years 106 days ago by Administrator Account

Daily Market Summary for August 14^th

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Slaughter Cattle:

As of 3:00 PM Friday, negotiated cash trading has been slow on light demand in the Northern Plains. Compared to last week live purchases moved 3.00 higher at 106.00 in both regions. In Nebraska dressed purchases moved unevenly steady at 168.00, when compared to Tuesday’s last reported market. So far for Friday in Kansas and Western Cornbelt negotiated cash trading has been limited on light demand. In Kansas a few live purchases moved at 105.00. However, not enough purchases for a market trend in either region. Wednesday was the last reported live purchase market in these regions, with Kansas at 104.00 and in the Western Cornbelt from 106.50 to 107.00. Tuesday was the last reported dressed purchase market in the Western Cornbelt from 165.00 to 170.00. Thus far for Friday in the Texas Panhandle negotiated cash trading has been at a standstill. Wednesday was the last reported live purchase market at 104.00.

   

Negotiated Sales:

Confirmed:             15,361

Week Ago:                6,259

Year Ago:                 5,042

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:  29,900

Weighted avg. weight:       863 lbs.

Weighted avg. net price:    161.95

        

Cattle Slaughter under Federal Inspection:

Friday (est)                        112,000

Week ago (est)                  109,000

Year ago (act)                    115,000

Week to Date                    577,000

Same Period Last Week   573,000

Same Period Last year     579,000

Previous Day (est)

Steers & Heifers:  93,000

Cows & Bulls:        25,000

                                                                                                              

Boxed Beef:

Cutout Values:

Choice: 214.24… +3.29

Select:  199.29… +1.88

Choice/Select Spread: 14.95

Total Load Count: 126

        

Cutter Cow Cutout:

183.82… +2.77

   

CME Feeder Cattle Index for August 13^th:

142.25… -0.85

            

Futures…

Live Cattle:

August: 107.60… +0.55

October: 110.22… +0.07

December: 112.82… Unchanged

   

Feeder Cattle:

August: 143.92… -1.03

September: 146.57… -0.80

October: 147.42… -1.05

     

October Hogs: 53.82… +1.47

September Crude Oil: 42.01… -0.23

   

September Corn: 3.2450… -0.0075

August Soybeans: 8.9700… +0.0075

September Wheat: 5.000… +0.0325

   

Grain Cash Bids:

Kansas City Corn: 3.46… -0.01

Kansas City Soybeans: 8.50… -0.01

Kansas City Wheat: 5.00… +0.03

   

Financial Markets:

DJIA: 27,931.02… +34.30

S & P 500: 3,372.85… -0.55

NASDAQ: 11,019.30… -23.20

U.S. Dollar Index: 93.11… -0.22