Aug 19 2020

Texas Daily Ag Market News Summary Posted 4 years 101 days ago by Administrator Account

Daily Market Summary for August 19^th

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Slaughter Cattle:

As of 3:00 PM Wednesday, in the Southern Plains negotiated cash trading has been moderate with light demand. Compared to the last reported market on Tuesday live purchases moved steady at 106.00 Thus far for Wednesday in the Western Cornbelt negotiated cash trading has been limited on light demand. A few live purchases moved at 107.00. However, not enough for a full market trend. Last week live purchases moved from 105.00 to 107.00 and dressed purchases moved from 165.00 to 170.00. So far for Wednesday in the Northern Plains negotiated cash trading has been at a standstill. 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.

 

The FCE On-Line Auction offered 1,462 head today with 282 head receiving bids and 105 head sold for 106.75 with other bids of 106.25 passed by sellers.

   

Negotiated Sales:

Confirmed:        13,089

Week Ago:         31,968

Year Ago:            1,893

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:  27,200

Weighted avg. weight:       886 lbs.

Weighted avg. net price:    166.13

        

Cattle Slaughter under Federal Inspection:

Wednesday (est)              119,000

Week ago (est)                  117,000

Year ago (act)                    118,000

Week to Date                    351,000

Same Period Last Week   347,000

Same Period Last year     350,000

Previous Day (est)

Steers & Heifers:  95,000

Cows & Bulls:        25,000

                                                                                                              

Boxed Beef:

Cutout Values:

Choice: 223.04… +2.18

Select:  205.65… +1.00

Choice/Select Spread: 17.39

Total Load Count: 179

        

Cutter Cow Cutout:

182.93… +0.03

   

CME Feeder Cattle Index for August 18^th:

142.62… Unchanged

            

Futures…

Live Cattle:

August: 107.47… +0.75

October: 110.82… +0.95

December: 113.80… +0.85

   

Feeder Cattle:

August: 143.55… +0.33

September: 146.00… +0.40

October: 146.80… +0.43

     

October Hogs: 52.55… +1.13

September Crude Oil: 42.93… +0.04

   

September Corn: 3.2500… -0.0200

August Soybeans: 9.1250… +0.0050

September Wheat: 5.1200… +0.0450

   

Grain Cash Bids:

Kansas City Corn: 3.45… -0.04

Kansas City Soybeans: 8.62… Unchanged

Kansas City Wheat: 5.12… +0.04

   

Financial Markets:

DJIA: 27,693.02… -85.05

S & P 500: 3,374.95… -14.83

NASDAQ: 11,146.46… -64.38

U.S. Dollar Index: 93.02… +0.75