Sep 02 2020

Texas Daily Ag Market News Summary Posted 4 years 87 days ago by Administrator Account

Daily Market Summary for September 2^nd

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Slaughter Cattle:

As of 3:00 PM Wednesday, negotiated cash trade was light on light to moderate demand in Kansas, Nebraska and the Western Cornbelt. In Kansas compared to Tuesday a few live purchases traded steady to 1.00 lower at 103.00. In Nebraska a few dressed purchases traded from 162.00-163.00, however not enough for an adequate market test. The latest established market in Nebraska was on Tuesday with live purchases from 102.00-103.00, mostly at 103.00 and dressed purchases from 162.00-164.00, mostly from 163.00-164.00. In the Western Cornbelt a few live purchases were reported at 104.00, however not enough for an adequate market test. The latest established market in the Western Cornbelt was on Tuesday with live purchases at 103.00 and dressed purchases from 162.00-164.00, mostly from 163.00-164.00. Trade was limited on light demand in the Texas Panhandle thus far Wednesday. The latest established market in the Texas Panhandle was on Tuesday with live purchases at 104.00.

   

Negotiated Sales:

Confirmed:            16,708

Week Ago:             45,610

Year Ago:                7,560

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:  19,000

Weighted avg. weight:       880 lbs.

Weighted avg. net price:    170.62

        

Cattle Slaughter under Federal Inspection:

Wednesday (est)              117,000

Week ago (est)                 118,000

Year ago (act)                    117,000

Week to Date                    356,000

Same Period Last Week   353,000

Same Period Last year     235,000

Previous Day (est)

Steers & Heifers:  95,000

Cows & Bulls:        25,000

                                                                                                              

Boxed Beef:

Cutout Values:

Choice: 227.58… -0.76

Select:  213.82… -0.93

Choice/Select Spread: 13.76

Total Load Count: 114

        

Cutter Cow Cutout:

184.32… +0.78

   

CME Feeder Cattle Index for August 31^st:

140.52… -0.43

            

Futures…

Live Cattle:

October: 104.47… -1.00

December: 108.45… -0.70

February: 112.05… -0.70

   

Feeder Cattle:

September: 138.70… -1.42

October: 139.45… -1.20

November: 140.35… -1.17

     

October Hogs: 56.40… +1.38

October Crude Oil: 41.51… -1.25

   

September Corn: 3.4975… +0.0025

September Wheat: 5.4775… -0.0800

   

Grain Cash Bids:

Kansas City Corn: 3.41… +0.01

Kansas City Wheat: 4.42… -0.07

   

Financial Markets:

DJIA: 29,100.17… +454.51

S & P 500: 3,580.82… +54.17

NASDAQ: 12,056.44… +116.77

U.S. Dollar Index: 92.70… +0.36