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Aug
02
2022

Texas Daily Ag Market News Summary

Posted 177 days ago ago by Administrator Account

Daily Market Summary for August 2nd

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 Tuesday, negotiated cash trading in the Western Cornbelt negotiated cash trading has been slow on light demand. A few live purchases traded at 143.00. However, not enough purchases for a full market trend. For the previous week and dressed purchases traded from 141.00-145.00 and from 224.00-228.00, respectively. 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.

Negotiated Sales:

Confirmed:             2,741

Week Ago:              2,385

Year Ago:                4,809

Formula Net - Dressed Steers & Heifers:

Head count priced today:   28,700

Weighted avg. weight:         876.00

Weighted avg. net price:     226.51

 

Cattle Slaughter under Federal Inspection

Tuesday (est)                       124,000

Week ago (est)                     125,000

Year ago (act)                       123,000

Week to Date                       248,000

Same Period Last Week     249,000

Same Period Last Year       240,000

Monday:

Steers & Heifers:  98,000

Cows & Bulls:        26,000

 

Boxed Beef:

Cutout Values:

Choice: 268.46… -2.14

Select:  241.55… -1.35

Choice/Select Spread: 26.91

Total Load Count: 157

 

Cutter Cow Cutout:

211.97… -0.63

 

CME Feeder Cattle Index for August 1st:

174.40… -0.34 / -0.19%

1 Year Change: +11.69%

52 Week Range: 152.31 to 174.74

 

Futures Settlements…

Live Cattle:

August: 136.57… -0.20

October: 142.12… -0.50

December: 148.27… -0.23

 

Feeder Cattle:

August: 178.12… -1.53

September: 181.45… -1.65

October: 184.20… -1.27

 

September Hogs: 96.22… -0.60

September Crude Oil: 94.42… +0.53

 

September Corn: 5.9125… -0.1575

September Wheat: 7.7475… -0.2550

 

Grain Cash Bids:

Omaha Corn: 7.19… -0.05

Kansas City Wheat: 7.97… -0.25

 

Financial Markets:

DJIA: 32,396.76… -401.64

S & P 500: 4,091.65… -26.98

NASDAQ: 12,349.49… -19.49

U.S. Dollar Index: 106.21… +0.76