Aug 19 2021

Texas Daily Ag Market News Summary Posted 3 years 101 days ago by Administrator Account

Daily Market Summary for August 19^th

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Slaughter Cattle:

As of 3:00 PM Thursday in the Southern Plains, negotiated cash trading has been slow on light demand. Compared to last week live purchases traded mostly 1.00 higher at 122.00, with a light test noted. So far for Thursday in Nebraska and Western Cornbelt negotiated cash trading has been limited on light demand. A few live purchases traded at 126.00 in Nebraska. However, not enough purchases in either region for a full market trend. Wednesday was the last fully reported market in Nebraska and Western Cornbelt. In Nebraska live and dressed purchases traded from 125.00-127.00 and at mostly 200.00, respectively. In the Western Cornbelt live and dressed purchases traded at 127.00 and mostly 200.00, respectively.

 

Negotiated Sales:

Confirmed:         21,184             

Week Ago:          11,857

Year Ago:             3,198

 

Formula Net

Dressed Steers & Heifers:

Head count priced today:   26,200

Weighted avg. weight:       884.00

Weighted avg. net price:    199.74

 

Cattle Slaughter under Federal Inspection:

Thursday (est)                      119,000

Week ago (est)                     116,000

Year ago (act)                       120,000

Week to Date                       479,000

Same Period Last Week     462,000

Same Period Last Year       470,000

Wednesday

Steers & Heifers:  93,000

Cows & Bulls:        27,000

 

Boxed Beef:

Cutout Values:

Choice: 341.63… +1.55

Select:  316.41… +6.61

Choice/Select Spread: 25.22

Total Load Count: 75

 

Cutter Cow Cutout:

232.55… +1.34

 

CME Feeder Cattle Index for August 18^th:

155.42… +0.18 / +0.12%

1 Year Change: +8.84%

52 Week Range: 130.15 to 156.55

 

Futures Settlements…

Live Cattle:

August: 123.40… -0.62

October: 128.15… -0.90

December: 133.97… -0.60

 

Feeder Cattle:

August: 158.27… -0.58

September: 162.90… -0.45

October: 165.47… 0.35

 

October Hogs: 86.92… -2.18

September Crude Oil: 64.09… -1.37

September Corn: 5.5000… -0.1175

September Wheat: 7.2750… -0.0975

 

Grain Cash Bids:

Kansas City Corn: 5.77… -0.12

Kansas City Wheat: 6.92… -0.08

 

Financial Markets:

DJIA: 34,898.50… -62.19

S & P 500: 4,405.85… +5.59

NASDAQ: 14,530.59… +4.68

U.S. Dollar Index: 93.56… +0.42