Aug 05 2022

Texas Daily Ag Market News Summary Posted 2 years 115 days ago by Administrator Account

Daily Market Summary for August 5^th

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Slaughter Cattle:

As of 3:00 PM Friday in the Western Cornbelt, negotiate cash trading has been limited on light demand. In the Southern Plains and Nebraska negotiated cash trading has been mostly inactive on light demand. Not enough purchases in any region for a full market trend. Thursday was the last reported market in the Southern Plains. In the Texas Panhandle live purchases traded from 135.50-136.00. In Kansas live purchases traded at 136.00. In the Western Cornbelt Thursday was the last reported market with live and dressed purchases from 143.00-147.00 and dressed purchases from 225.00-232.00, respectively. In Nebraska Thursday was the last reported dressed purchase market at 227.00. Wednesday was the last reported live purchase market at 140.00.

Negotiated Sales:

Confirmed:               5,843

Week Ago:                4,535

Year Ago:                  6,080

Formula Net - Dressed Steers & Heifers:

Head count priced today:   30,800

Weighted avg. weight:         857.00

Weighted avg. net price:     220.16

 

Cattle Slaughter under Federal Inspection

Friday (est)                           115,000

Week ago (est)                     124,000

Year ago (act)                       115,000

Week to Date                       612,000

Same Period Last Week     619,000

Same Period Last Year       598,000

Thursday:

Steers & Heifers:  97,000

Cows & Bulls:        28,000

 

Boxed Beef:

Cutout Values:

Choice: 263.88… -2.40

Select:  238.67… -1.68

Choice/Select Spread: 25.21

Total Load Count: 191

 

Cutter Cow Cutout:

214.36… +3.30

 

CME Feeder Cattle Index for August 4^th:

175.43… +1.68 / 0.97%

1 Year Change: +12.06%

52 Week Range: 152.31 to 175.43

 

Futures Settlements…

Live Cattle:

August: 137.87… +0.17

October: 143.87… +0.22

December: 149.97… +0.07

 

Feeder Cattle:

August: 179.52… +0.45

September: 183.42… +0.85

October: 185.95… +0.48

 

September Hogs: 98.40… +0.80

September Crude Oil: 89.01… +0.47

 

September Corn: 6.1025… +0.0800

September Wheat: 7.7575… -0.0675

 

Grain Cash Bids:

Omaha Corn: 7.02… +0.09

Kansas City Wheat: 8.03… -0.12

 

Financial Markets:

DJIA: 32,801.51… +74.69

S & P 500: 4,145.07… -6.87

NASDAQ: 12,655.68… -64.90

U.S. Dollar Index: 106.54… +0.84