Sep 01 2021

Texas Daily Ag Market News Summary Posted 3 years 89 days ago by Administrator Account

Daily Market Summary for September 1^st

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Slaughter Cattle:

As of 3:00 PM Wednesday, negotiated cash trading has been slow on light demand in all major feeding regions with a few dressed purchases in Nebraska at 203.00, however not enough purchases in any region for a full market trend. 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:    15,867          

Week Ago:       2,708

Year Ago:       16,708

 

Formula Net

Dressed Steers & Heifers:

Head count priced today:  24,800

Weighted avg. weight:       851.00

Weighted avg. net price:   203.71

 

Cattle Slaughter under Federal Inspection:

Wednesday (est)                 119,000

Week ago (est)                    113,000

Year ago (act)                      116,000

Week to Date                      357,000

Same Period Last Week    349,000

Same Period Last Year      356,000

Tuesday

Steers & Heifers: 95,000

Cows & Bulls:      26,000

 

Boxed Beef:

Cutout Values:

Choice: 338.45… -3.66

Select: 307.57… -4.46

Choice/Select Spread: 30.88

Total Load Count: 104

 

Cutter Cow Cutout:

233.99… -1.19

 

CME Feeder Cattle Index for August 31^st:

158.35… -1.19 / -0.75%

1 Year Change: +12.83%

52 Week Range: 130.15 to 159.56

 

Futures Settlements…

Live Cattle:

October: 127.57… +0.67

December: 133.60… +0.13

February: 137.90… +0.15

 

Feeder Cattle:

September: 162.92… -0.08

October: 168.05… +0.30

November: 170.52… +0.87

 

October Hogs: 90.15… +1.35

October Crude Oil: 68.59… +0.09

September Corn: 5.1550… -0.1850

September Wheat: 7.0100… -0.0575

 

Grain Cash Bids:

Omaha Corn: 5.88… -0.11

Kansas City Wheat: 6.68… -0.08

 

Financial Markets:

DJIA: 35,313.22… -47.51

S & P 500: 4,524.11… +1.43

NASDAQ: 15,303.00… +43.76

U.S. Dollar Index: 92.50… -0.13