Sep 03 2021

Texas Daily Ag Market News Summary Posted 3 years 86 days ago by Administrator Account

Daily Market Summary for September 3^rd

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Slaughter Cattle:

As of 3:00 PM Friday, negotiated cash trading has been mostly inactive on very light demand in all major feeding regions. Not enough purchases in any region for a full market trend. On Wednesday in Nebraska live and dressed purchases traded at 126.00 and from 200.00-203.00, respectively. In the Western Cornbelt on Wednesday, live purchases traded from 125.00-126.00. The latest dressed market in the Western Cornbelt was last week from 202.00-208.00. Last week in the Texas Panhandle live purchases traded from 122.00-123.00. In Kansas last week, live purchases traded at 123.00.

 

Negotiated Sales:

Confirmed:       1,957          

Week Ago:        4,552

Year Ago:          2,960

 

Formula Net

Dressed Steers & Heifers:

Head count priced today:   31,400

Weighted avg. weight:       863.00

Weighted avg. net price:    200.64

 

Cattle Slaughter under Federal Inspection:

Friday (est)                           114,000

Week ago (est)                     116,000

Year ago (act)                      117,000

Week to Date                       590,000

Same Period Last Week     579,000

Same Period Last Year       592,000

Thursday

Steers & Heifers:  93,000

Cows & Bulls:       26,000

 

Boxed Beef:

Cutout Values:

Choice: 336.42… -1.50

Select:  304.13… -0.84

Choice/Select Spread: 32.29

Total Load Count: 74

 

Cutter Cow Cutout:

234.99… +0.35

 

CME Feeder Cattle Index for September 2^nd:

157.74… -0.20 / -0.13%

1 Year Change: +12.51%

52 Week Range: 130.15 to 159.56

 

Futures Settlements…

Live Cattle:

October: 124.80… -1.25

December: 130.92… -1.28

February: 135.15… -1.17

 

Feeder Cattle:

September: 158.47… -1.83

October: 162.47… -2.58

November: 165.27… -2.45

 

October Hogs: 89.57… -0.28

October Crude Oil: 69.29… -0.70

September Corn: 5.0800… -0.0825

September Wheat: 7.1450… +0.1050

 

Grain Cash Bids:

Omaha Corn: 5.80… -0.09

Kansas City Wheat: 6.87… +0.14

 

Financial Markets:

DJIA: 35,369.35… -74.47

S & P 500: 4,535.61… -1.34

NASDAQ: 15,364.30… +35.38

U.S. Dollar Index: 92.08… -0.15