Aug 18 2020

Texas Daily Ag Market News Summary Posted 4 years 102 days ago by Administrator Account

Daily Market Summary for August 18^th

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Slaughter Cattle:

As of 3:00 PM Tuesday in Kansas, negotiated cash trading has been moderate with moderate to good demand. Compared to last week live purchases moved 2.00 to 3.00 higher from 106.00 to 107.00, mostly 106.00, with a few up to 108.00. So far for Tuesday in the Texas Panhandle, Northern Plains and Western Cornbelt negotiated cash trading has been limited with light demand. In the Texas Panhandle a few early live purchases moved at 106.00. However, not enough for a full market trend in any of these regions. Last week in the Texas Panhandle live purchases moved at 104.00. For the previous week in the Northern Plains live purchases moved from 106.00 to 106.50 and dressed purchases, in Nebraska, moved from 168.00 to 170.00. For the prior week in the Western Cornbelt live purchases moved from 105.00 to 107.00 and dressed purchases moved from 165.00 to 170.00.

   

Negotiated Sales:

Confirmed:        17,150

Week Ago:           6,456

Year Ago:                 40

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:  32,300

Weighted avg. weight:       889 lbs.

Weighted avg. net price:    163.46

        

Cattle Slaughter under Federal Inspection:

Tuesday (est)                     120,000

Week ago (est)                  117,000

Year ago (act)                    117,000

Week to Date                    232,000

Same Period Last Week   230,000

Same Period Last year     232,000

Previous Day (est)

Steers & Heifers:  90,000

Cows & Bulls:        22,000

                                                                                                               

Boxed Beef:

Cutout Values:

Choice: 220.86… +3.60

Select:  204.65… +2.71

Choice/Select Spread: 16.21

Total Load Count: 173

        

Cutter Cow Cutout:

182.90… +0.26

   

CME Feeder Cattle Index for August 17^th:

142.63… +0.43

            

Futures…

Live Cattle:

August: 106.72… -0.18

October: 109.87… Unchanged

December: 112.95… +0.38

   

Feeder Cattle:

August: 143.22… +0.50

September: 145.60… +1.20

October: 146.37… +1.17

      

October Hogs: 51.42… -2.10

September Crude Oil: 42.89… Unchanged

   

September Corn: 3.2700… -0.0400

August Soybeans: 9.1200… -0.0050

September Wheat: 5.0750… -0.0900

   

Grain Cash Bids:

Kansas City Corn: 3.49… -0.04

Kansas City Soybeans: 8.62… -0.04

Kansas City Wheat: 5.08… -0.09

   

Financial Markets:

DJIA: 27,778.07… -67.38

S & P 500: 3,389.78… +7.69

NASDAQ: 11,210.84… +81.11

U.S. Dollar Index: 92.29… -0.56