Aug 16 2021

Texas Daily Ag Market News Summary Posted 3 years 104 days ago by Administrator Account

Daily Market Summary for August 16^th

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

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Slaughter Cattle:

As of 3:00 PM Monday, negotiated cash trading in the Southern Plains has been at a standstill. In Nebraska and Western Cornbelt 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 121.00. For the prior week in Nebraska live and dressed purchases traded from 123.00-126.00 and at 198.00, respectively. For the previous week in the Western Cornbelt live and dressed purchases traded from 125.00-126.00 and 198.00-204.00, respectively.

 

Negotiated Sales:

Confirmed:         3,758            

Week Ago:            642

Year Ago:             114

 

Formula Net

Dressed Steers & Heifers:

Head count priced today:   43,900

Weighted avg. weight:        870.00

Weighted avg. net price:    196.54

 

Cattle Slaughter under Federal Inspection:

Monday (est)                        119,000

Week ago (est)                     113,000

Year ago (act)                       113,000

Friday

Steers & Heifers:  91,000

Cows & Bulls:        25,000

 

Boxed Beef:

Cutout Values:

Choice: 324.83

Select:  298.02

Choice/Select Spread: 26.81

Total Load Count: 91

 

Cutter Cow Cutout:

233.53… +0.34

 

CME Feeder Cattle Index for August 13^th:

155.54… -0.29 / -0.19%

1 Year Change: +9.38%

52 Week Range: 130.15 to 156.55

 

Futures Settlements…

Live Cattle:

August: 123.52… +0.77

October: 129.12… +1.00

December: 134.47… +0.65

 

Feeder Cattle:

August: 157.20… -0.85

September: 162.00… -1.07

October: 164.95… -0.82

 

October Hogs: 89.00… +2.48

September Crude Oil: 67.29… -1.15

September Corn: 5.6475… -0.0350

September Wheat: 7.6050… -0.0175

 

Grain Cash Bids:

Kansas City Corn: 6.07… -0.03

Kansas City Wheat: 7.13… -0.05

 

Financial Markets:

DJIA: 35,624.35… +108.97

S & P 500: 4,479.54… +11.54

NASDAQ: 14,788.97… -33.93

U.S. Dollar Index: 92.61… +0.09