Aug 31 2021

Texas Daily Ag Market News Summary Posted 2 years 240 days ago by Administrator Account

Daily Market Summary for August 31^st

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

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Slaughter Cattle:

As of 3:00 PM Tuesday, negotiated cash trading has been at a standstill in all major feeding regions. Last week in the Texas Panhandle live purchases traded from 122.00-123.00. In Kansas last week, live purchases traded at 123.00. In Nebraska and the Western Cornbelt last week live and dressed purchases traded at 128.00 and from 202.00-208.00, respectively.

 

Negotiated Sales:

Confirmed:          385           

Week Ago:        2,068

Year Ago:        18,610

 

Formula Net

Dressed Steers & Heifers:

Head count priced today:   24,900

Weighted avg. weight:        872.00

Weighted avg. net price:    203.23

 

Cattle Slaughter under Federal Inspection:

Tuesday (est)                       121,000

Week ago (est)                     120,000

Year ago (act)                      121,000

Week to Date                      238,000

Same Period Last Week     236,000

Same Period Last Year       240,000

Monday

Steers & Heifers:  93,000

Cows & Bulls:       24,000

 

Boxed Beef:

Cutout Values:

Choice: 342.11… -0.67

Select:  312.03… -0.52

Choice/Select Spread: 30.08

Total Load Count: 89

 

Cutter Cow Cutout:

235.18… +0.30

 

CME Feeder Cattle Index for August 30^th:

159.54… +0.02 / +0.01%

1 Year Change: +13.54%

52 Week Range: 130.15 to 159.56

 

Futures Settlements…

Live Cattle:

August: 118.95… -1.30

October: 126.90… -1.42

December: 133.47… -1.20

 

Feeder Cattle:

September: 163.00… -1.05

October: 167.75… -1.20

November: 169.65… -0.87

 

October Hogs: 88.80… -1.35

October Crude Oil: 68.50… -0.71

September Corn: 5.3400… -0.0625

September Wheat: 7.0675… -0.0200

 

Grain Cash Bids:

Omaha Corn: 6.05… -0.07

Kansas City Wheat: 6.76… -0.01

 

Financial Markets:

DJIA: 35,360.73… -37.46

S & P 500: 4,522.68… -5.88

NASDAQ: 15,259.24… -4.72

U.S. Dollar Index: 92.66… +0.01