Aug 24 2021

Texas Daily Ag Market News Summary Posted 3 years 96 days ago by Administrator Account

Daily Market Summary for August 24^th

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Slaughter Cattle:

As of 3:00 PM Tuesday, negotiated cash trading has been mostly inactive on light demand in the Texas Panhandle, Nebraska and Western Cornbelt. Not enough purchases in these regions for a full market trend. In Kansas negotiated cash trading has been at a standstill. 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:           2,068            

Week Ago:            4,685

Year Ago:            17,150

 

Formula Net

Dressed Steers & Heifers:

Head count priced today:   21,100

Weighted avg. weight:       878.00

Weighted avg. net price:    196.92

 

Cattle Slaughter under Federal Inspection:

Tuesday (est)                        120,000

Week ago (est)                     121,000

Year ago (act)                       119,000

Week to Date                       236,000

Same Period Last Week     240,000

Same Period Last Year        235,000

Monday

Steers & Heifers:  92,000

Cows & Bulls:       24,000

 

Boxed Beef:

Cutout Values:

Choice: 347.58… -0.45

Select:  316.90… -2.50

Choice/Select Spread: 30.68

Total Load Count: 106

 

Cutter Cow Cutout:

233.99… -0.22

 

CME Feeder Cattle Index for August 23^rd:

155.73… 0.00 / 0.00%

1 Year Change: +8.43

52 Week Range: 130.15 to 156.55

 

Futures Settlements…

Live Cattle:

August: 125.80… -0.65

October: 131.70… -0.25

December: 137.40… +0.58

 

Feeder Cattle:

August: 158.57… +0.37

September: 165.77… -1.53

October: 170.22… -0.45

 

October Hogs: 86.97… -0.50

October Crude Oil: 67.54… +1.90

September Corn: 5.4450… +0.0650

September Wheat: 7.1800… -0.0175

 

Grain Cash Bids:

Omaha Corn: 6.18… +0.04

Kansas City Wheat: 6.80… Unchanged

 

Financial Markets:

DJIA: 35,367.90… +32.19

S & P 500: 4,486.27… +6.74

NASDAQ: 15,019.17… +76.86

U.S. Dollar Index: 92.89… -0.07