Aug 08 2022

Texas Daily Ag Market News Summary Posted 2 years 112 days ago by Administrator Account

Daily Market Summary for August 8^th

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Slaughter Cattle:

As of 3:00 PM Monday in the Southern Plains and Nebraska, negotiated cash trading has been at a standstill. In the Western Cornbelt negotiated cash trading has been mostly inactive on light demand. Not enough purchases for a market trend. Last week in the Texas Panhandle live purchases traded from 135.00-136.00. In Kansas last week live purchases traded at 136.00. For the prior week in Nebraska live purchases traded from 140.00-143.00 and dressed purchases at 227.00. For the previous week live purchases ranged from 141.00-147.00 and dressed purchases ranged from 225.00-232.00

Negotiated Sales:

Confirmed:               175

Week Ago:              None

Year Ago:                  642

Formula Net - Dressed Steers & Heifers:

Head count priced today:   32,200

Weighted avg. weight:         868.00

Weighted avg. net price:     221.42

 

Cattle Slaughter under Federal Inspection

Monday (est)                        119,000

Week ago (est)                     124,000

Year ago (act)                       113,000

Friday:

Steers & Heifers:  87,000

Cows & Bulls:        28,000

 

Boxed Beef:

Cutout Values:

Choice: 266.24… +1.62

Select:  238.86… +0.19

Choice/Select Spread: 27.38

Total Load Count: 105

 

Cutter Cow Cutout:

214.65… +0.29

 

CME Feeder Cattle Index for August 5^th:

175.31… -0.12 / -0.07%

1 Year Change: +12.16%

52 Week Range: 152.31 to 175.43

 

Futures Settlements…

Live Cattle:

August: 138.35… +0.48

October: 144.22… +0.35

December: 150.45… +0.48

 

Feeder Cattle:

August: 181.27… +1.75

September: 185.65… +2.23

October: 187.70… +1.75

 

September Hogs: 100.30… +1.90

September Crude Oil: 90.76… +1.75

 

September Corn: 6.0850… -0.0175

September Wheat: 7.7975… +0.0400

 

Grain Cash Bids:

Omaha Corn: 7.10… -0.02

Kansas City Wheat: 8.04… +0.01

 

Financial Markets:

DJIA: 32,831.92… +28.45

S & P 500: 4,140.13… -5.06

NASDAQ: 12,645.43… -12.13

U.S. Dollar Index: 106.44… -0.18