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Aug
08
2022

Texas Daily Ag Market News Summary

Posted 180 days ago ago by Administrator Account

Daily Market Summary for August 8th

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 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 5th:

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