Aug 06 2021

Texas Daily Ag Market News Summary Posted 3 years 114 days ago by Administrator Account

Daily Market Summary for August 6^th

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Slaughter Cattle:

As of 3:00 PM Friday, negotiated cash trading has been limited on light demand in all major feeding regions with a few live purchases in Nebraska at 127.50, however not enough purchases in any region for a full market trend. Wednesday was the last 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:            6,080             

Week Ago:           10,392

Year Ago:              6,259

 

Formula Net

Dressed Steers & Heifers:

Head count priced today:   24,400

Weighted avg. weight:        869.00

Weighted avg. net price:    193.45

 

Cattle Slaughter under Federal Inspection:

Friday (est)                             113,000

Week ago (est)                       114,000

Year ago (act)                         109,000

Week to Date                         593,000

Same Period Last Week       591,000

Same Period Last Year         573,000

 

Thursday

Steers & Heifers:  96,000

Cows & Bulls:       25,000

 

Boxed Beef:

Cutout Values:

Choice: 296.26… +3.68

Select:  277.09… +3.32

Choice/Select Spread: 19.17

Total Load Count: 93

 

Cutter Cow Cutout:

229.28… +0.69

 

CME Feeder Cattle Index for August 5^th:

156.55… +0.75 / +0.48%

1 Year Change: +10.31%

52 Week Range: 130.15 to 156.55

 

Futures Settlements…

Live Cattle:

August: 123.00… +0.43

October: 127.87… +0.30

December: 133.32… +0.55

 

Feeder Cattle:

August: 159.85… +2.20

September: 163.32… +2.17

October: 165.77… +1.92

 

October Hogs: 87.60… +0.48

September Crude Oil: 68.28… -0.81

September Corn: 5.5500… -0.0075

September Wheat: 7.1900… +0.0625

 

Grain Cash Bids:

Kansas City Corn: 6.07… -0.01

Kansas City Wheat: 6.82… +0.14

 

Financial Markets:

DJIA: 35,208.64… +144.39

S & P 500: 4,436.45… +7.35

NASDAQ: 14,833.03… -57.86

U.S. Dollar Index: 92.80… +0.56