Aug 05 2021

Texas Daily Ag Market News Summary Posted 3 years 115 days ago by Administrator Account

Daily Market Summary for August 5^th

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Slaughter Cattle:

As of 3:00 PM Thursday, negotiated cash trading has been limited with light demand in all feeding regions. Not enough purchases for a full market trend. Wednesday was the reported market in all regions. In the Texas Panhandle live purchases traded from 121.00-122.00. In Kansas live purchases traded at 121.00. In Nebraska live and dressed purchases traded at 125.00 and 198.00, respectively. In the Western Cornbelt live and dressed purchases traded from 125.00-126.00 and at 198.00, respectively.

 

Negotiated Sales:

Confirmed:            9,686             

Week Ago:           28,470

Year Ago:             11,820

 

Formula Net

Dressed Steers & Heifers:

Head count priced today:   31,000

Weighted avg. weight:        865.00

Weighted avg. net price:    197.19

 

Cattle Slaughter under Federal Inspection:

Thursday (est)                        121,000

Week ago (est)                       119,000

Year ago (act)                         118,000

Week to Date                        480,000

Same Period Last Week       477,000

Same Period Last Year         464,000

 

Wednesday

Steers & Heifers:  95,000

Cows & Bulls:       26,000

 

Boxed Beef:

Cutout Values:

Choice: 292.58… +3.24

Select:  273.77… +2.62

Choice/Select Spread: 18.81

Total Load Count: 107

 

Cutter Cow Cutout:

228.59… -0.46

 

CME Feeder Cattle Index for August 4^th:

155.80… -0.17 / -0.11%

1 Year Change: +10.66%

52 Week Range: 130.15 to 156.15

 

Futures Settlements…

Live Cattle:

August: 122.57… -1.48

October: 127.57… -1.40

December: 132.77… -1.18

 

Feeder Cattle:

August: 157.65… -1.55

September: 161.15… -1.72

October: 163.85… -1.60

 

October Hogs: 87.12… -3.00

September Crude Oil: 68.15

September Corn: 5.5575… +0.1000

September Wheat: 7.1275… -0.0450

 

Grain Cash Bids:

Kansas City Corn: 6.18… +0.10

Kansas City Wheat: 6.68… -0.02

 

Financial Markets:

DJIA: 35,038.37… +246.20

S & P 500: 4,427.47… +24.81

NASDAQ: 14,890.89… +110.36

U.S. Dollar Index: 92.25… -0.02