Aug 20 2021

Texas Daily Ag Market News Summary Posted 2 years 257 days ago by Administrator Account

Daily Market Summary for August 20^th

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

---

Slaughter Cattle:

As of 3:00 PM Friday, negotiated cash trading has been mostly inactive with light demand in all feeding regions. Not enough purchases for a market trend. On Thursday in the Southern Plains live purchases traded at 122.00. Wednesday in Nebraska live and dressed purchases traded from 125.00-127.00 and at mostly 200.00, respectively. In the Western Cornbelt Wednesday live and dressed purchases traded at 127.00 and mostly 200.00, respectively.

 

Negotiated Sales:

Confirmed:           2,327            

Week Ago:            4,874

Year Ago:            15,361

 

Formula Net

Dressed Steers & Heifers:

Head count priced today:   31,800

Weighted avg. weight:       872.00

Weighted avg. net price:    197.10

 

Cattle Slaughter under Federal Inspection:

Friday (est)                           116,000

Week ago (est)                     116,000

Year ago (act)                       116,000

Week to Date                      595,000

Same Period Last Week     578,000

Same Period Last Year       586,000

Thursday

Steers & Heifers:  94,000

Cows & Bulls:       25,000

 

Boxed Beef:

Cutout Values:

Choice: 345.06… +3.43

Select:  318.53… +2.12

Choice/Select Spread: 26.53

Total Load Count: 85

 

Cutter Cow Cutout:

231.75… -0.80

 

CME Feeder Cattle Index for August 18^th:

155.79… +0.37 / +0.24%

1 Year Change: +8.26%

52 Week Range: 130.15 to 156.55

 

Futures Settlements…

Live Cattle:

August: 124.27… +0.87

October: 129.05… +0.90

December: 134.52… +0.55

 

Feeder Cattle:

August: 159.02… +0.75

September: 165.50… +2.60

October: 167.62… +2.15

 

October Hogs: 88.62… +1.70

September Crude Oil: 62.32… -1.77

September Corn: 5.3875… -0.1125

September Wheat: 7.1425… -0.1325

 

Grain Cash Bids:

Omaha Corn: 6.21… -0.06

Kansas City Wheat: 6.78… -0.24

 

Financial Markets:

DJIA: 35,118.64… +224.52

S & P 500: 4,441.62… +35.82

NASDAQ: 14,711.73… +181.14

U.S. Dollar Index: 93.48… -0.08