Aug 21 2020

Texas Daily Ag Market News Summary Posted 4 years 99 days ago by Administrator Account

Daily Market Summary for August 21^st

The Daily Market News Report bought to you by The Cattle Range. Please visit their website for more information!

---

Slaughter Cattle:

As of 3:00 PM Friday in Nebraska, negotiated cash trading has been moderate with light to moderate demand. Live purchases moved 0.50 higher at 106.50 when compared to the last reported market on Thursday. Not enough dressed purchases for a market trend. The last reported dressed purchase market was on Thursday at 169.00. So far for Friday in Colorado negotiated cash trading has been slow on light demand. Compared to last week live purchases moved steady to 0.50 higher at 106.50. Thus far for Friday in the Southern Plains and Western Cornbelt negotiated cash trading has been limited on light demand. Not enough purchases in these regions for a market trend. In the Southern Plains the last reported market was on Wednesday with live purchases at 106.00. In the Western Cornbelt the last reported market was on Thursday with live purchases from 107.00 to 109.00 and dressed at 169.00.

   

Negotiated Sales:

Confirmed:        17,373

Week Ago:         15,361

Year Ago:          34,466

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:  26,000

Weighted avg. weight:       867 lbs.

Weighted avg. net price:    168.39

        

Cattle Slaughter under Federal Inspection:

Friday (est)                         116,000

Week ago (est)                  112,000

Year ago (act)                    117,000

Week to Date                    586,000

Same Period Last Week   577,000

Same Period Last year     583,000

Previous Day (est)

Steers & Heifers:  94,000

Cows & Bulls:        25,000

                                                                                                               

Boxed Beef:

Cutout Values:

Choice: 225.94… +0.56

Select:  208.99… +2.68

Choice/Select Spread: 16.95

Total Load Count: 75

        

Cutter Cow Cutout:

183.24… +0.70

   

CME Feeder Cattle Index for August 20^th:

143.90… +1.10

            

Futures…

Live Cattle:

August: 105.80… -1.22

October: 108.55… -1.22

December: 111.77… -1.08

   

Feeder Cattle:

August: 142.92… -0.50

September: 144.85… -0.97

October: 145.27… -1.10

     

October Hogs: 54.25… -0.92

October Crude Oil: 42.34… -0.48

   

September Corn: 3.2700… +0.0250

August Soybeans: 9.0075… -0.0225

September Wheat: 5.2725… +0.0775

   

Grain Cash Bids:

Kansas City Corn: 3.47… +0.03

Kansas City Soybeans: 8.53… -0.01

Kansas City Wheat: 5.27… +0.07

   

Financial Markets:

DJIA: 27,930.33… +190.29

S & P 500: 3,397.16… +11.60

NASDAQ: 11,311.80… +46.85

U.S. Dollar Index: 93.22… +0.43