Aug 20 2020

Texas Daily Ag Market News Summary Posted 4 years 100 days ago by Administrator Account

Daily Market Summary for August 20^th

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Slaughter Cattle:

As of 3:00 PM Thursday in Nebraska and Western Cornbelt, negotiated cash trading and demand have been moderate. In Nebraska, when compared to last week, dressed purchases moved unevenly steady mostly at 169.00, with a few up to 174.00. Not enough live purchases for a market trend. Last week live purchases moved from 106.00 to 106.50. In the Western Cornbelt live purchases, when compared to Wednesday, moved steady to 3.00 higher from 107.00 to 109.00, with a few up to 110.00. Dressed purchases, when compared to last week, moved unevenly steady at 169.00, with a few up to 170.00. So far for Thursday in the Southern Plains and Colorado negotiated cash trading has been inactive on light demand. Not enough purchases for a market trend. In the Southern Plains the last reported market was on Wednesday with live at 106.00. Last week was the most recent market in Colorado with live purchases from 106.00 to 106.50.

   

Negotiated Sales:

Confirmed:        28,084

Week Ago:           3,198

Year Ago:           10,338

       

Formula Net

Dressed Steers & Heifers:

Head count priced today:  23,800

Weighted avg. weight:       881 lbs.

Weighted avg. net price:    169.44

        

Cattle Slaughter under Federal Inspection:

Thursday (est)                   119,000

Week ago (est)                  118,000

Year ago (act)                    116,000

Week to Date                    470,000

Same Period Last Week   465,000

Same Period Last year     466,000

Previous Day (est)

Steers & Heifers:  94,000

Cows & Bulls:        25,000

                                                                                                               

Boxed Beef:

Cutout Values:

Choice: 225.38… +2.34

Select:  206.31… +0.66

Choice/Select Spread: 19.07

Total Load Count: 150

        

Cutter Cow Cutout:

182.54… -0.39

   

CME Feeder Cattle Index for August 19^th:

142.80… +0.18

            

Futures…

Live Cattle:

August: 107.02… -0.45

October: 109.77… -1.05

December: 112.85… -0.95

   

Feeder Cattle:

August: 143.42… -0.13

September: 145.82… -0.18

October: 146.37… -0.43

     

October Hogs: 55.17… +2.62

September Crude Oil: 42.58… -0.35

   

September Corn: 3.2450… -0.0050

August Soybeans: 9.0300… -0.0950

September Wheat: 5.1950… +0.0750

   

Grain Cash Bids:

Kansas City Corn: 3.45… -0.01

Kansas City Soybeans: 8.54… -0.09

Kansas City Wheat: 5.20… +0.08

   

Financial Markets:

DJIA: 27,740.04… +47.02

S & P 500: 3,385.56… +10.61

NASDAQ: 11,264.95… +118.49

U.S. Dollar Index: 92.77… -0.12