Aug 02 2021

Texas Daily Ag Market News Summary Posted 3 years 118 days ago by Administrator Account

Daily Market Summary for August 2^nd

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Slaughter Cattle:

As of 3:00 PM Monday, negotiated cash trading has been limited on very light demand in Nebraska. Not enough purchases for a full market trend. Negotiated cash trading has been at a standstill in all other major feeding regions. Last week in the Southern Plains live purchases traded at 120.00. In Nebraska last week live and dressed purchases traded at 122.00 and 196.00, respectively. In the Western Cornbelt last week live and dressed purchases traded from 123.00-125.00 and 195.00-201.00, respectively.

 

Negotiated Sales:

Confirmed:           1,701             

Week Ago:              487

Year Ago:                 36

 

Formula Net

Dressed Steers & Heifers:

Head count priced today:   46,500

Weighted avg. weight:        861.00

Weighted avg. net price:    192.75

 

Cattle Slaughter under Federal Inspection:

Monday (est)                          119,000

Week ago (est)                       119,000

Year ago (act)                         112,000

Friday

Steers & Heifers:  91,000

Cows & Bulls:        23,000

Saturday

Steers & Heifers:  48,000

Cows & Bulls:        10,000

 

Boxed Beef:

Cutout Values:

Choice: 281.00… +2.54

Select:  263.38… +4.19

Choice/Select Spread: 17.62

Total Load Count: 127

 

Cutter Cow Cutout:

228.76… -0.74

 

CME Feeder Cattle Index for July 30^th:

155.58… +1.54 / +1.00%

1 Year Change: +11.29%

52 Week Range: 130.15 to 155.58

 

Futures Settlements…

Live Cattle:

August: 122.12… +0.05

October: 127.27… +0.07

December: 132.75… +0.10

 

Feeder Cattle:

August: 158.25… +0.08

September: 161.97… +0.17

October: 164.47… +0.42

 

August Hogs: 107.50… +1.30

September Crude Oil: 71.26… -2.69

September Corn: 5.5875… +0.1175

September Wheat: 7.2950… +0.2575

 

Grain Cash Bids:

Kansas City Corn: 6.36… +0.12

Kansas City Wheat: 6.80… +0.31

 

Financial Markets:

DJIA: 34,824.89… -111.24

S & P 500: 4,386.48… -9.09

NASDAQ: 14,678.72… +10.36

U.S. Dollar Index: 92.10… -0.07