Aug 18 2021

Texas Daily Ag Market News Summary Posted 3 years 102 days ago by Administrator Account

Daily Market Summary for August 18^th

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Slaughter Cattle:

As of 3:00 PM Wednesday in Nebraska and Western Cornbelt, negotiated cash trading has been slow with moderate demand. In Nebraska live purchases, when compared the last live market on Tuesday, traded unevenly steady from 125.00-128.00. Dressed purchases, compared to last week, traded mostly 2.00 higher at 200.00, with a few up to 205.00. In the Western Cornbelt live purchases, when compared to the last live market on Tuesday, traded steady at 127.00. A few dressed purchases traded at 200.00. However, not enough dressed purchases for a market trend. Last week dressed purchases traded 198.00-204.00. So far for Wednesday in the Texas Panhandle negotiated cash trading has been slow with light demand. A few live purchases traded from 121.00-122.00. In Kansas negotiated cash trading has been mostly inactive. Not enough purchases in either region for a full market trend. Last week live purchases traded at 121.00.

 

Negotiated Sales:

Confirmed:         39,439            

Week Ago:          21,487

Year Ago:           31,968

 

Formula Net

Dressed Steers & Heifers:

Head count priced today:   17,500

Weighted avg. weight:        867.00

Weighted avg. net price:    199.32

 

Cattle Slaughter under Federal Inspection:

Wednesday (est)                 120,000

Week ago (est)                     116,000

Year ago (act)                       118,000

Week to Date                      360,000

Same Period Last Week    346,000

Same Period Last Year       350,000

Tuesday

Steers & Heifers:  95,000

Cows & Bulls:        26,000

 

Boxed Beef:

Cutout Values:

Choice: 340.08… +2.02

Select:  309.80… +3.03

Choice/Select Spread: 30.28

Total Load Count: 112

 

Cutter Cow Cutout:

231.21… -1.19

 

CME Feeder Cattle Index for August 17^th:

155.24… +0.33 / +0.21%

1 Year Change: +8.85%

52 Week Range: 130.15 to 156.55

 

Futures Settlements…

Live Cattle:

August: 124.02… +0.72

October: 129.05… +0.93

December: 134.57… +0.75

 

Feeder Cattle:

August: 158.85… +2.28

September: 163.35… +2.43

October: 165.82… +1.55

 

October Hogs: 89.10… +1.20

September Crude Oil: 65.46… -1.13

September Corn: 5.6175… +0.0350

September Wheat: 7.3725… +0.0275

 

Grain Cash Bids:

Kansas City Corn: 5.94… +0.04

Kansas City Wheat: 7.00… +0.07

 

Financial Markets:

DJIA: 34,967.01… -376.24

S & P 500: 4,400.36… -47.72

NASDAQ: 14,527.50… -128.68

U.S. Dollar Index: 93.16… +0.03