Aug 31 2020

Texas Daily Ag Market News Summary Posted 4 years 89 days ago by Administrator Account

Daily Market Summary for August 31^st

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Slaughter Cattle:

As of 3:00 PM Monday, negotiated cash trade was mostly inactive on light demand in all feeding regions. The latest established market in any region was last week with live purchases at 105.00 in the Southern Plains. Last week in Nebraska, live purchases traded at 105.00 with dressed purchases mostly at 167.00. In the Western Cornbelt last week, live purchases traded from 104.00-107.00 with dressed purchases mostly at 167.00.

   

Negotiated Sales:

Confirmed:            249

Week Ago:               39

Year Ago:                  0

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:  46,700

Weighted avg. weight:       896 lbs.

Weighted avg. net price:    169.79

        

Cattle Slaughter under Federal Inspection:

Monday (est)                     119,000

Week ago (est)                  117,000

Year ago (act)                        4,000

Previous Day (est)

Steers & Heifers:  93,000

Cows & Bulls:        23,000

                                                                                                               

Boxed Beef:

Cutout Values:

Choice: 227.95… -1.45

Select:  215.32… +0.46

Choice/Select Spread: 12.63

Total Load Count: 73

        

Cutter Cow Cutout:

182.74… +0.24

   

CME Feeder Cattle Index for August 28^th:

140.99… -0.57

            

Futures…

Live Cattle:

October: 105.30…+0.40

December: 108.97… +0.47

February: 112.32… +0.47

   

Feeder Cattle:

September: 140.30… +0.28

October: 140.62… +0.45

November: 141.37… +0.77

      

October Hogs: 53.60… -0.05

October Crude Oil: 42.61… -0.36

   

September Corn: 3.4850… +0.0250

September Wheat: 5.4425… +0.0500

   

Grain Cash Bids:

Kansas City Corn: 3.40… -0.01

Kansas City Wheat: 4.44… +0.09

   

Financial Markets:

DJIA: 28,428.27… -225.46

S & P 500: 3,500.18… -7.82

NASDAQ: 11,775.46… +79.83

U.S. Dollar Index: 92.19… -0.18