Aug 27 2020

Texas Daily Ag Market News Summary Posted 4 years 93 days ago by Administrator Account

Daily Market Summary for August 27^th

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Slaughter Cattle:

As of 3:00 PM Thursday, negotiated cash trade was mostly inactive on light demand in all feeding regions. The latest established market in any region was on Wednesday with live purchases in Nebraska at 105.00 and dressed purchases from 166.00-167.50, mostly at 167.00. On Wednesday in the Western Cornbelt, live purchases traded from 104.00-107.00 with dressed purchases from 166.00-167.00, mostly at 167.00. On Wednesday in Kansas, live purchases traded at 105.00. The latest established market in the Texas Panhandle was on Tuesday with live purchases at 105.00.

   

Negotiated Sales:

Confirmed:            4,431

Week Ago:           28,441

Year Ago:             15,421

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:  31,700

Weighted avg. weight:       893 lbs.

Weighted avg. net price:    172.04

        

Cattle Slaughter under Federal Inspection:

Thursday (est)                   119,000

Week ago (est)                  119,000

Year ago (act)                    118,000

Week to Date                    472,000

Same Period Last Week   470,000

Same Period Last year     471,000

Previous Day (est)

Steers & Heifers:  93,000

Cows & Bulls:        25,000

                                                                                                               

Boxed Beef:

Cutout Values:

Choice: 231.54… +0.09

Select:  214.26… +0.15

Choice/Select Spread: 17.28

Total Load Count: 110

        

Cutter Cow Cutout:

184.43... +2.00

   

CME Feeder Cattle Index for August 26^th:

143.02… -0.58

            

Futures…

Live Cattle:

August: 102.97… -1.08

October: 106.15… -0.85

December: 109.35… -1.17

   

Feeder Cattle:

August: 141.97… -0.50

September: 141.22… -0.55

October: 141.15… -0.77

     

October Hogs: 55.72… +0.17

October Crude Oil: 43.04… -0.35

   

September Corn: 3.4425… +0.0375

September Wheat: 5.4250… +0.1050

   

Grain Cash Bids:

Kansas City Corn: 3.36… +0.05

Kansas City Wheat: 4.34… +0.11

   

Financial Markets:

DJIA: 28,492.27… +160.35

S & P 500: 3,484.55… +5.80

NASDAQ: 11,625.34… -39.72

U.S. Dollar Index: 93.03… +0.02