Sep 07 2021

Texas Daily Ag Market News Summary Posted 3 years 82 days ago by Administrator Account

Daily Market Summary for September 7^th

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 has been at a standstill in all feeding regions. Last week in the Texas Panhandle live purchases traded at 124.00. In Kansas live purchases traded from 123.00-124.00. For the previous week in Nebraska live and dressed purchases traded from 125.00-126.00 and 200.00-203.00, respectively. In the Western Cornbelt live and dressed purchases traded from 125.00-128.00 and 200.00-203.00, respectively.

 

Negotiated Sales:

Confirmed:        None          

Week Ago:          385

Year Ago:       18,610

 

Formula Net

Dressed Steers & Heifers:

Head count priced today:  39,800

Weighted avg. weight:       870.00

Weighted avg. net price:    193.93

 

Cattle Slaughter under Federal Inspection:

Monday (est)                            3,000

Week ago (est)                      117,000

Year ago (act)                           4,000

Friday

Steers & Heifers:  89,000

Cows & Bulls:       25,000

 

Boxed Beef:

Cutout Values:

Choice: 333.19… -1.23

Select:  301.90… -2.23

Choice/Select Spread: 33.29

Total Load Count: 109

 

Cutter Cow Cutout:

234.86... -0.13

 

CME Feeder Cattle Index for September 3^rd:

157.37… -0.37 / -0.23%

1 Year Change: +11.68%

52 Week Range: 130.15 to 159.56

 

Futures Settlements…

Live Cattle:

October: 123.75… -1.05

December: 129.55… -1.37

February: 133.70… -1.45

 

Feeder Cattle:

September: 156.27… -2.20

October: 160.05… -2.42

November: 162.87… -2.40

 

October Hogs: 88.10… -1.47

October Crude Oil: 68.35… -0.94

December Corn: 5.1075… -0.1325

December Wheat: 7.1975… -0.0650

 

Grain Cash Bids:

Omaha Corn: 5.74… -0.06

Kansas City Wheat: 6.82… -0.05

 

Financial Markets:

DJIA: 35,102.01… -267.08

S & P 500: 4,520.07… -15.36

NASDAQ: 15,373.57… +10.05

U.S. Dollar Index: 92.55… +0.51