Aug 26 2020

Texas Daily Ag Market News Summary Posted 4 years 94 days ago by Administrator Account

Daily Market Summary for August 26^th

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Slaughter Cattle:

As of 3:00 PM Wednesday, trade and demand were moderate in Nebraska and the Western Cornbelt. Compared to last week in Nebraska, live purchases traded 1.50 lower at 105.00. Dressed purchases compared to last week traded 2.00 lower from 166.00-167.50, mostly at 167.00. Compared to last week in the Western Cornbelt, early live purchases traded 2.00-4.00 lower from 104.00-105.00. Dressed purchases compared to last week traded 2.00 lower at 167.00. Trade was light on light to moderate demand in Kansas. In Kansas compared to Tuesday, live purchases traded steady at 105.00. Trade was limited on light demand in the Texas Panhandle. The latest established market in the Texas Panhandle was on Tuesday with live purchases at 105.00.

   

Negotiated Sales:

Confirmed:          45,610

Week Ago:           13,089

Year Ago:              5,203

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:  18,200

Weighted avg. weight:       903 lbs.

Weighted avg. net price:    170.29

        

Cattle Slaughter under Federal Inspection:

Wednesday (est)               118,000

Week ago (est)                  119,000

Year ago (act)                    117,000

Week to Date                    353,000

Same Period Last Week   351,000

Same Period Last year     353,000

Previous Day (est)

Steers & Heifers:  93,000

Cows & Bulls:        25,000

                                                                                                              

Boxed Beef:

Cutout Values:

Choice: 231.45… +1.77

Select:  214.11… +1.85

Choice/Select Spread: 17.34

Total Load Count: 121

        

Cutter Cow Cutout:

182.43… -1.83

   

CME Feeder Cattle Index for August 25^th:

143.60… -0.02

            

Futures…

Live Cattle:

August: 104.05… -1.45

October: 107.00… -1.77

December: 110.52… -1.18

   

Feeder Cattle:

August: 142.47… +0.22

September: 141.77… -1.30

October: 141.92… -1.15

     

October Hogs: 55.55… -0.40

October Crude Oil: 43.39… +0.04

   

September Corn: 3.4050… -0.0025

September Wheat: 5.3200… +0.0375

   

Grain Cash Bids:

Kansas City Corn: 3.31… -0.01

Kansas City Wheat: 4.23… +0.06

   

Financial Markets:

DJIA: 28,331.92… +83.17

S & P 500: 3,478.75… +35.08

NASDAQ: 11,665.06… +198.89

U.S. Dollar Index: 92.94… -0.08