Aug 03 2022

Texas Daily Ag Market News Summary Posted 2 years 117 days ago by Administrator Account

Daily Market Summary for August 3^rd

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Slaughter Cattle:

As of 3:00 PM Wednesday in Nebraska, negotiated cash trading has been slow on moderate demand. Compared to last week live purchases ranged from 140.00-142.00, mostly 2.00 higher at 140.00. Not enough dressed purchases for a market trend. Last week dressed purchases traded at 225.00. In the Western Cornbelt negotiated cash trading has been limited on light demand. In the Southern Plains negotiated cash trading has been mostly inactive on light demand. Not enough purchases in these regions for a market trend. In the Southern Plains the last reported market was on Tuesday with live purchases at 135.00. In the Western Cornbelt the last reported live purchase market was on Tuesday at 143.00. For the prior week dressed purchases traded from 224.00-228.00.

Negotiated Sales:

Confirmed:             16,349

Week Ago:              23,482

Year Ago:                29,149

Formula Net - Dressed Steers & Heifers:

Head count priced today:   18,400

Weighted avg. weight:         853.00

Weighted avg. net price:     226.55

 

Cattle Slaughter under Federal Inspection

Wednesday (est)                 124,000

Week ago (est)                     125,000

Year ago (act)                       122,000

Week to Date                       372,000

Same Period Last Week     374,000

Same Period Last Year       362,000

Tuesday:

Steers & Heifers:  97,000

Cows & Bulls:        27,000

 

Boxed Beef:

Cutout Values:

Choice: 267.94… -0.52

Select:  241.30… -0.25

Choice/Select Spread: 26.64

Total Load Count: 106

 

Cutter Cow Cutout:

213.75… +1.78

 

CME Feeder Cattle Index for August 2^nd:

174.04… -0.36 / -0.21%

1 Year Change: +11.59%

52 Week Range: 152.31 to 174.74

 

Futures Settlements…

Live Cattle:

August: 137.90… +1.33

October: 143.95… +1.83

December: 149.95… +1.68

 

Feeder Cattle:

August: 179.35… +1.23

September: 182.90… +1.45

October: 185.70… +1.50

 

September Hogs: 95.85… -0.37

September Crude Oil: 90.66… -3.76

 

September Corn: 5.9150… +0.0025

September Wheat: 7.6375… -0.1100

 

Grain Cash Bids:

Omaha Corn: 7.30… +0.01

Kansas City Wheat: 7.76… -0.21

 

Financial Markets:

DJIA: 32,812.00… +415.83

S & P 500: 4,055.12… +63.93

NASDAQ: 12,668.16… +319.40

U.S. Dollar Index: 106.37… +0.13