Sep 08 2020

Texas Daily Ag Market News Summary Posted 4 years 81 days ago by Administrator Account

Daily Market Summary for September 8^th

The Daily Market News Report bought to you by The Cattle Range. Please visit their website for more information!

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Slaughter Cattle:

As of 3:00 PM Tuesday, trade was mostly inactive on light demand in most feeding regions. The latest established market in any region was last week with live purchases in the Texas Panhandle from 102.00-104.00. Last week in Kansas, live purchases traded from 102.00-104.00, mostly at 103.00. Last week in Nebraska, live purchases traded from 102.00-103.00 with dressed purchases from 162.00-164.00. For the previous week in the Western Cornbelt, live purchases traded from 102.50-104.00, mostly from 103.00-104.00. Dressed purchases last week traded from 162.00-164.00.

   

Negotiated Sales:

Confirmed:              1,455

Week Ago:             18,610

Year Ago:                 1,232

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:  32,400

Weighted avg. weight:       888 lbs.

Weighted avg. net price:    168.73

        

Cattle Slaughter under Federal Inspection:

Tuesday (est)                    118,000

Week ago (est)                 120,000

Year ago (act)                    118,000

Week to Date                    121,000

Same Period Last Week   239,000

Same Period Last year     235,000

Previous Day (est)

Steers & Heifers:  2,000

Cows & Bulls:        1,000

                                                                                                              

Boxed Beef:

Cutout Values:

Choice: 224.82… -1.03

Select:  208.46… -0.84

Choice/Select Spread: 16.36

Total Load Count: 130

        

Cutter Cow Cutout:

184.17… +3.43

   

CME Feeder Cattle Index for September 4^th:

139.05… -1.15

            

Futures…

Live Cattle:

October: 105.77… +1.32

December: 110.12… +1.65

February: 113.97… +1.52

   

Feeder Cattle:

September: 138.95… +1.30

October: 139.85… +1.35

November: 140.72… +1.20

     

October Hogs: 59.90… +0.08

October Crude Oil: 36.76… -3.01

   

December Corn: 3.6175… +0.0375

December Wheat: 5.4425… -0.0600

   

Grain Cash Bids:

Kansas City Corn: 3.44… +0.04

Kansas City Wheat: 4.38… -0.03

   

Financial Markets:

DJIA: 27,500.69… -632.62

S & P 500: 3,331.85… -95.08

NASDAQ: 10,847.69… -465.45

U.S. Dollar Index: 93.47… +0.75