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Aug
01
2022

Texas Daily Ag Market News Summary

Posted 181 days ago ago by Administrator Account

Daily Market Summary for August 1st

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



Slaughter Cattle:

As of 3:00 PM Monday, negotiated cash trading in the Western Cornbelt has been mostly inactive on very light demand. Not enough purchases for a market trend. In the Southern Plains and Nebraska negotiated cash trading has been at a standstill. Last week in the Southern Plains live purchases traded at 135.00. For the prior week in Nebraska live and dressed purchases traded at 138.00 and at 225.00, respectively. For the previous week in the Western Cornbelt live and dressed purchases traded from 141.00-145.00 and from 224.00-228.00, respectively.

Negotiated Sales:

Confirmed:               426

Week Ago:                184

Year Ago:                1,701

Formula Net - Dressed Steers & Heifers:

Head count priced today:   45,700

Weighted avg. weight:         868.00

Weighted avg. net price:     219.59

 

Cattle Slaughter under Federal Inspection

Monday (est)                       124,000

Week ago (est)                     124,000

Year ago (act)                       117,000

Friday:

Steers & Heifers:  97,000

Cows & Bulls:        27,000

 

Boxed Beef:

Cutout Values:

Choice: 270.60… +1.36

Select:  242.90… +0.65

Choice/Select Spread: 27.70

Total Load Count: 99

 

Cutter Cow Cutout:

212.60… -1.31

 

CME Feeder Cattle Index for July 29th:

174.74… +2.43 / +1.41%

1 Year Change: +12.32%

52 Week Range: 152.31 to 174.74

 

Futures Settlements…

Live Cattle:

August: 136.77… +0.32

October: 142.62… +0.40

December: 148.50… +0.35

 

Feeder Cattle:

August: 179.65… +1.08

September: 183.10… +1.55

October: 185.47… +1.75

 

September Hogs: 96.82… -0.40

September Crude Oil: 93.89… -4.73

 

September Corn: 6.0700… -0.0925

September Wheat: 8.0025… -0.0750

 

Grain Cash Bids:

Omaha Corn: 7.24… -0.34

Kansas City Wheat: 8.22… -0.08

 

Financial Markets:

DJIA: 32,779.18… -45.95

S & P 500: 4,118.76… -11.53

NASDAQ: 12,369.18… -21.51

U.S. Dollar Index: 105.41… -0.49