Aug 26 2021

Texas Daily Ag Market News Summary Posted 3 years 94 days ago by Administrator Account

Daily Market Summary for August 26^th

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Slaughter Cattle:

As of 3:00 PM Thursday in the Texas Panhandle, Nebraska and Western Cornbelt negotiated cash trading has been slow on light demand. In the Texas Panhandle, compared to last week, early live purchases traded 1.00-2.00 higher at 123.00. In Nebraska a few live and dressed purchases traded at 128.00 and 202.00, respectively. In the Western Cornbelt a few live and dressed purchases traded at 128.00 and from 202.00-206.50, respectively. However, not enough purchases for a full market trend in these regions. 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. So far for Thursday in Kansas negotiated cash trading has been mostly inactive on light demand. Not enough purchases for a market trend. Last week live purchases traded at 122.00.

 

Negotiated Sales:

Confirmed:         17,177           

Week Ago:          21,184

Year Ago:            28,441

 

Formula Net

Dressed Steers & Heifers:

Head count priced today:   31,500

Weighted avg. weight:        885.00

Weighted avg. net price:    201.97

 

Cattle Slaughter under Federal Inspection:

Thursday (est)                      117,000

Week ago (est)                     120,000

Year ago (act)                       117,000

Week to Date                       353,000

Same Period Last Week     360,000

Same Period Last Year        352,000

Wednesday

Steers & Heifers:  93,000

Cows & Bulls:       27,000

 

Boxed Beef:

Cutout Values:

Choice: 347.27… +0.38

Select:  319.59… +3.90

Choice/Select Spread: 27.68

Total Load Count: 77

 

Cutter Cow Cutout:

233.53... +0.30

 

CME Feeder Cattle Index for August 25^th:

158.79… +0.72 / +0.46%

1 Year Change: +11.03%

52 Week Range: 130.15 to 158.79

 

Futures Settlements…

Live Cattle:

August: 123.27… -1.15

October: 129.60… -0.70

December: 135.62… -0.65

 

Feeder Cattle:

August: 159.45… +0.15

September: 164.45… -0.70

October: 168.27… -1.00

 

October Hogs: 87.90… -0.85

October Crude Oil: 67.42… -0.94      

September Corn: 5.5275… +0.0150

September Wheat: 7.2525… +0.1400

 

Grain Cash Bids:

Omaha Corn: 6.33… +0.02

Kansas City Wheat: 6.92… +0.14

 

Financial Markets:

DJIA: 35,211.53… -193.97

S & P 500: 4,469.65… -26.24

NASDAQ: 14,948.36… -93.50

U.S. Dollar Index: 93.07… +0.24