Aug 03 2021

Texas Daily Ag Market News Summary Posted 3 years 117 days ago by Administrator Account

Daily Market Summary for August 3^rd

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

---

Slaughter Cattle:

As of 3:00 PM Tuesday in the Western Cornbelt and Nebraska, negotiated cash trading has been limited with light demand. In the Western Cornbelt a few live purchases traded at 125.00. However, not enough purchases for a full market trend in either region. In the Western Cornbelt last week live and dressed purchases traded from 123.00-125.00 and 195.00-201.00, respectively. In Nebraska last week live and dressed purchases traded at 122.00 and 196.00, respectively. So far for Tuesday in the Southern Plains negotiated cash trading has been mostly inactive with very light demand. Not enough purchases for a market trend. Last week in the Southern Plains live purchases traded at 120.00.

 

Negotiated Sales:

Confirmed:           4,809             

Week Ago:            2,138

Year Ago:              7,139

 

Formula Net

Dressed Steers & Heifers:

Head count priced today:   26,500

Weighted avg. weight:        863.00

Weighted avg. net price:    195.95

 

Cattle Slaughter under Federal Inspection:

Tuesday (est)                        122,000

Week ago (est)                     119,000

Year ago (act)                       116,000

Week to Date                       238,000

Same Period Last Week     238,000

Same Period Last Year       228,000

 

Monday

Steers & Heifers:  92,000

Cows & Bulls:       24,000

 

Boxed Beef:

Cutout Values:

Choice: 285.84… +4.84

Select:  267.49… +4.11

Choice/Select Spread: 18.35

Total Load Count: 130

 

Cutter Cow Cutout:

228.76… -0.74

 

CME Feeder Cattle Index for August 2^nd:

156.15… +0.57 / +0.37%

1 Year Change: +11.14%

52 Week Range: 130.15 to 156.15

 

Futures Settlements…

Live Cattle:

August: 123.25… +1.13

October: 128.15… +0.88

December: 133.20… +0.45

 

Feeder Cattle:

August: 158.90… +0.65

September: 162.52… +0.55

October: 165.05… +0.58

 

August Hogs: 109.07… +1.57

September Crude Oil: 70.56… -0.70

September Corn: 5.5050… -0.0825

September Wheat: 7.2450… -0.0500

 

Grain Cash Bids:

Kansas City Corn: 6.28… -0.08

Kansas City Wheat: 6.84… +0.04

 

Financial Markets:

DJIA: 35,117.32… +279.16

S & P 500: 4,423.34… 36.18

NASDAQ: 14,756.30… +75.23

U.S. Dollar Index: 92.06… +0.01