Sep 08 2021

Texas Daily Ag Market News Summary Posted 3 years 81 days ago by Administrator Account

Daily Market Summary for September 8^th

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Slaughter Cattle:

As of 3:00 PM Wednesday, negotiated cash trading has been slow on light demand in Nebraska and Western Cornbelt. In Nebraska a few live and dressed purchases traded at 126.00 and 203.00, respectively. In the Western Cornbelt a few dressed purchases traded at 203.00. However, not enough purchases in either region for a full market trend. For the previous week in Nebraska live and dressed purchases traded from 125.00-126.00 and 200.00-203.00, respectively. Last week in the Western Cornbelt live and dressed purchases traded from 125.00-128.00 and 200.00-203.00, respectively. So far for Wednesday negotiated cash trading in the Southern Plains has been limited on light demand. A few live purchases traded steady at 124.00, when compared to the last reported market on Tuesday.

 

Negotiated Sales:

Confirmed:    15,318          

Week Ago:     15,867

Year Ago:        16,708

 

Formula Net

Dressed Steers & Heifers:

Head count priced today:  32.000

Weighted avg. weight:        863.00

Weighted avg. net price:    203.36

 

Cattle Slaughter under Federal Inspection:

Wednesday (est)                 121,000

Week ago (est)                    119,000

Year ago (act)                      121,000

Week to Date                      245,000

Same Period Last Week     357,000

Same Period Last Year       245,000

Tuesday

Steers & Heifers:  95,000

Cows & Bulls:       26,000

 

Boxed Beef:

Cutout Values:

Choice: 334.86… -0.33

Select:  298.17… -3.73

Choice/Select Spread: 36.69

Total Load Count: 132

 

Cutter Cow Cutout:

234.46… -0.40

 

CME Feeder Cattle Index for September 7^th:

157.47… +0.10 / +0.06%

1 Year Change: +11.70%

52 Week Range: 130.15 to 159.56

 

Futures Settlements…

Live Cattle:

October: 123.10… -0.65

December: 128.65… -0.90

February: 132.87… -0.83

 

Feeder Cattle:

September: 156.05… -0.22

October: 159.27… -0.78

November: 161.42… -1.45

 

October Hogs: 87.37… -0.73

October Crude Oil: 69.30… -0.95

December Corn: 5.1025… -0.0050

December Wheat: 7.0950… -0.1025

 

Grain Cash Bids:

Omaha Corn: 5.70… -0.04

Kansas City Wheat: 6.69… -0.13

 

Financial Markets:

DJIA: 35,030.74… -69.26

S & P 500: 4,514.40… -5.63

NASDAQ: 15,281.16… -93.17

U.S. Dollar Index: 92.68… +0.17