Aug 23 2021

Texas Daily Ag Market News Summary Posted 3 years 97 days ago by Administrator Account

Daily Market Summary for August 23^rd

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Slaughter Cattle:

As of 3:00 PM Monday in the Southern Plains, negotiated cash trading has been at a standstill. In Nebraska and Western Cornbelt negotiated cash trading has been mostly inactive on very light demand. Not enough purchases for a market trend in either region. Last week in the Texas Panhandle live purchases traded from 121.00-122.00. In Kansas last week live purchases traded at 122.00. In Nebraska for the prior week live and dressed purchases traded from 125.00-127.00 and at 200.00, respectively. In the Western Cornbelt for the previous week live and dressed purchases traded at 127.00 and from 200.00-205.00, respectively.

 

Negotiated Sales:

Confirmed:           2,686            

Week Ago:            3,758

Year Ago:                300

 

Formula Net

Dressed Steers & Heifers:

Head count priced today:   35,100

Weighted avg. weight:       875.00

Weighted avg. net price:    197.40

 

Cattle Slaughter under Federal Inspection:

Monday (est)                        120,000

Week ago (est)                     119,000

Year ago (act)                       116,000

Friday

Steers & Heifers:  91,000

Cows & Bulls:        25,000

 

Boxed Beef:

Cutout Values:

Choice: 348.03… +2.97

Select:  319.40… +0.87

Choice/Select Spread: 28.63

Total Load Count: 83

 

Cutter Cow Cutout:

234.21… +2.46

 

CME Feeder Cattle Index for August 20^th:

155.73… -0.06 / -0.04%

1 Year Change: +8.12%

52 Week Range: 130.15 to 156.55

 

Futures Settlements…

Live Cattle:

August: 126.45… +2.18

October: 131.95… +2.90

December: 136.82… +2.30

 

Feeder Cattle:

August: 158.20… -0.82

September: 167.30… +1.80

October: 170.67… +3.05

 

October Hogs: 87.47… -1.15

October Crude Oil: 65.64… +3.50

September Corn: 5.3800… -0.0075

September Wheat: 7.1975… +0.0550

 

Grain Cash Bids:

Omaha Corn: 6.14… -0.01

Kansas City Wheat: 6.80… +0.02

 

Financial Markets:

DJIA: 35,335.71… +215.63

S & P 500: 4,479.51… +37.84

NASDAQ: 14,942.31… +227.65

U.S. Dollar Index: 92.98… -0.52