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Aug
04
2022

Texas Daily Ag Market News Summary

Posted 175 days ago ago by Administrator Account

Daily Market Summary for August 4th

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 Thursday in the Southern Plains, negotiated cash trading has been moderate with light to moderate demand. In the Texas Panhandle compared to the last reported market on Tuesday live purchases traded 0.50-1.00 higher from 135.50-136.00. In Kansas compared to the last reported market on Tuesday live purchases traded 1.00 higher at 136.00. In Nebraska and Western Cornbelt negotiated cash trading has been limited on light demand. Not enough purchases in these regions for a market trend. In Nebraska the last reported market was on Wednesday with live and dressed purchases at 140.00 and from 225.00232.00, respectively. In the Western Cornbelt the last reported live purchase market was on Wednesday with trades from 141.00-114.50. Last week dressed purchases traded from 224.00-228.00.

Negotiated Sales:

Confirmed:             22,418

Week Ago:                7,888

Year Ago:                  9,686

Formula Net - Dressed Steers & Heifers:

Head count priced today:   34,400

Weighted avg. weight:         867.00

Weighted avg. net price:     222.09

 

Cattle Slaughter under Federal Inspection

Thursday (est)                     125,000

Week ago (est)                     121,000

Year ago (act)                       121,000

Week to Date                       497,000

Same Period Last Week     495,000

Same Period Last Year       483,000

Wednesday:

Steers & Heifers:  97,000

Cows & Bulls:        27,000

 

Boxed Beef:

Cutout Values:

Choice: 266.28… -1.66

Select:  240.35… -0.95

Choice/Select Spread: 25.93

Total Load Count: 109

 

Cutter Cow Cutout:

211.06… -2.69

 

CME Feeder Cattle Index for August 3rd:

173.75… -0.29 / -0.17%

1 Year Change: +11.52%

52 Week Range: 152.31 to 174.74

 

Futures Settlements…

Live Cattle:

August: 137.70… -0.20

October: 143.65… -0.30

December: 149.90… -0.05

 

Feeder Cattle:

August: 179.07… -0.28

September: 182.57… -0.33

October: 185.47… -0.23

 

September Hogs: 97.60… +1.75

September Crude Oil: 88.54… -2.12

 

September Corn: 6.0225… +0.1075

September Wheat: 7.8250… +0.1875

 

Grain Cash Bids:

Omaha Corn: 6.93… +0.08

Kansas City Wheat: 8.15… +0.20

 

Financial Markets:

DJIA: 32,727.19… -85.31

S & P 500: 4,152.15… -3.02

NASDAQ: 12,710.90… +42.74

U.S. Dollar Index: 105.70… -0.81