Sep 04 2020

Texas Daily Ag Market News Summary Posted 4 years 85 days ago by Administrator Account

Daily Market Summary for September 4^th

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Slaughter Cattle:

As of 3:00 PM Friday, trade was light on light to moderate demand in the Texas Panhandle. Compared to Thursday in the Texas Panhandle live purchases traded steady at 102.00. Trade was limited on light to moderate demand in all other feeding regions. Not enough purchases for an adequate market test. The latest established market in Kansas was on Thursday with live purchases at 103.00. The latest established live market in Nebraska was Thursday with a few live purchases at 102.00. Dressed purchases on Tuesday traded from 162.00-164.00, mostly from 163.00-164.00. The latest established dressed market in the Western Cornbelt was on Thursday at 162.00. The latest established live market in the Western Cornbelt was on Wednesday with a few purchases from 103.00-104.00.

   

Negotiated Sales:

Confirmed:              2,960

Week Ago:               1,142

Year Ago:                 9,014

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:  25,200

Weighted avg. weight:       864 lbs.

Weighted avg. net price:    169.50

        

Cattle Slaughter under Federal Inspection:

Thursday (est)                  115,000

Week ago (est)                 116,000

Year ago (act)                   118,000

Week to Date                    589,000

Same Period Last Week   588,000

Same Period Last year     470,000

Previous Day (est)

Steers & Heifers:  95,000

Cows & Bulls:        23,000

                                                                                                               

Boxed Beef:

Cutout Values:

Choice: 225.85… -1.39

Select:  209.30… -3.20

Choice/Select Spread: 16.55

Total Load Count: 108

        

Cutter Cow Cutout:

180.74… -0.71

   

CME Feeder Cattle Index for September 3^rd:

140.02… +0.34

            

Futures…

Live Cattle:

October: 104.45… -0.53

December: 108.47… +0.65

February: 112.45… +0.78

   

Feeder Cattle:

September: 137.65… +0.05

October: 138.50… +0.18

November: 139.52… +0.15

     

October Hogs: 59.82… +0.57

October Crude Oil: 41.37

   

September Corn: 3.4725… +0.0275

September Wheat: 5.3975… -0.0350

   

Grain Cash Bids:

Kansas City Corn: 3.40… +0.04

Kansas City Wheat: 4.41… -0.03

   

Financial Markets:

DJIA: 28,133.31… -159.42

S & P 500: 3,426.93… -28.14

NASDAQ: 11,313.14… -144.96

U.S. Dollar Index: 92.75… +0.01