Aug 27 2021

Texas Daily Ag Market News Summary Posted 3 years 93 days ago by Administrator Account

Daily Market Summary for August 27^th

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Slaughter Cattle:

As of 3:00 PM Friday in Kansas, Nebraska and Western Cornbelt, negotiated cash trading has been limited on light demand. In Kansas a few live purchases traded steady at 123.00 when compared to Thursday. Not enough purchases in Nebraska and Western Cornbelt for a market trend. In Nebraska last week live purchases traded from 125.00-127.00 and dressed purchases traded at 200.00. In the Western Cornbelt the previous week live and dressed purchases traded at 127.00 and from 200.00- 205.00, respectively. Thus far for Friday in the Texas Panhandle negotiated cash trading has been at a standstill. On Thursday live purchases traded at 123.00.

 

Negotiated Sales:

Confirmed:           4,552           

Week Ago:            2,327

Year Ago:            17,373       

 

Formula Net

Dressed Steers & Heifers:

Head count priced today:  14,800

Weighted avg. weight:        868.00

Weighted avg. net price:    201.18

 

Cattle Slaughter under Federal Inspection:

Friday (est)                           116,000

Week ago (est)                     116,000

Year ago (act)                       115,000

Week to Date                       579,000

Same Period Last Week     595,000

Same Period Last Year       587,000

Thursday

Steers & Heifers:  90,000

Cows & Bulls:       24,000

 

Boxed Beef:

Cutout Values:

Choice: 345.34… -1.93

Select:  315.52… -4.07

Choice/Select Spread: 29.82

Total Load Count: 69

 

Cutter Cow Cutout:

233.49… -0.04

 

CME Feeder Cattle Index for August 26^th:

159.39… +0.60 / +0.38%

1 Year Change: +12.60%

52 Week Range: 130.15 to 159.39

 

Futures Settlements…

Live Cattle:

August: 122.00… -1.27

October: 129.12… -0.48

December: 135.32… -0.30

 

Feeder Cattle:

September: 164.65… +0.20

October: 168.42… +0.15

November: 169.95… +0.30

 

October Hogs: 90.72… +2.82

October Crude Oil: 68.74… +1.32

September Corn: 5.5800… +0.0525

September Wheat: 7.1850… -0.0675

 

Grain Cash Bids:

Omaha Corn: 6.33… +0.03

Kansas City Wheat: 6.88… -0.04

 

Financial Markets:

DJIA: 35,454.81… +243.28

S & P 500: 4,509.38… +39.73

NASDAQ: 15,129.69… +180.88

U.S. Dollar Index: 92.69… -0.37