Aug 12 2021

Texas Daily Ag Market News Summary Posted 3 years 108 days ago by Administrator Account

Daily Market Summary for August 12^th

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Slaughter Cattle:

As of 3:00 PM Wednesday in the Southern Plains, negotiated cash trading has been slow on light to moderate demand. Compared to last week, a few early live purchases have traded mostly steady at 121.00. In Nebraska and Western Cornbelt negotiated cash trading has been limited with light demand. Not enough purchases in these regions for a market trend. For prior week in Nebraska live and dressed purchases traded at 125.00 and 198.00, respectively. For the previous week in the Western Cornbelt live and dressed purchases traded from 125.00-126.00 and at 198.00, respectively.

 

Negotiated Sales:

Confirmed:         21,487             

Week Ago:          29,149

Year Ago:               5,115

 

Formula Net

Dressed Steers & Heifers:

Head count priced today:   11,700

Weighted avg. weight:        854.00

Weighted avg. net price:    204.04

 

Cattle Slaughter under Federal Inspection:

Wednesday (est)                  120,000

Week ago (est)                     121,000

Year ago (act)                       117,000

Week to Date                       350,000

Same Period Last Week      359,000

Same Period Last Year       348,000

Tuesday

Steers & Heifers:  91,000

Cows & Bulls:       26,000

 

Boxed Beef:

Cutout Values:

Choice: 310.80… +5.48

Select:  287.99… +3.38

Choice/Select Spread: 22.81

Total Load Count: 110

 

Cutter Cow Cutout:

229.95… -1.09

 

CME Feeder Cattle Index for August 10^th:

156.19… -0.14 / -0.09%

1 Year Change: +9.51%

52 Week Range: 130.15 to 156.55

 

Futures Settlements…

Live Cattle:

August: 122.95… -0.70

October: 127.57… -0.55

December: 133.17… -0.23

 

Feeder Cattle:

August: 158.77… -0.55

September: 162.82… -0.23

October: 165.30… -0.55

 

October Hogs: 85.85… +1.98

September Crude Oil: 69.25… +0.96

September Corn: 5.5625… +0.0700

September Wheat: 7.2700… Unchanged

 

Grain Cash Bids:

Kansas City Corn: 6.08… +0.07

Kansas City Wheat: 6.86… -0.04

 

Financial Markets:

DJIA: 35,480.90… +216.23

S & P 500: 4,447.86… +11.11

NASDAQ: 14,765.43… -22.66

U.S. Dollar Index: 92.90… -0.16