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Aug
09
2022

Texas Daily Ag Market News Summary

Posted 170 days ago ago by Administrator Account

Daily Market Summary for August 9th

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 Tuesday in the Southern Plains, negotiated cash trading has been at a standstill. In Nebraska and Western Cornbelt negotiated cash trading has been mostly inactive on light demand. Not enough purchases for a market trend in any region. 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 and dressed purchases traded from 140.00-143.00 and at 227.00, respectively. For the previous week in the Western Cornbelt live purchases ranged from 141.00- 147.00 and dressed purchases ranged from 225.00-232.00.

Negotiated Sales:

Confirmed:               861

Week Ago:             2,741

Year Ago:                  500

Formula Net - Dressed Steers & Heifers:

Head count priced today:   30,900

Weighted avg. weight:         854.00

Weighted avg. net price:     221.06

 

Cattle Slaughter under Federal Inspection

Tuesday (est)                       126,000

Week ago (est)                     124,000

Year ago (act)                       118,000

Week to Date                       245,000

Same Period Last Week     248,000

Same Period Last Year       231,000

Monday:

Steers & Heifers:  93,000

Cows & Bulls:        26,000

 

Boxed Beef:

Cutout Values:

Choice: 264.73… -1.51

Select:  237.70… -1.16

Choice/Select Spread: 27.03

Total Load Count: 154

 

Cutter Cow Cutout:

213.25… -1.40

 

CME Feeder Cattle Index for August 8th:

176.40… +1.09 / +0.62%

1 Year Change: +12.84%

52 Week Range: 152.31 to 176.40

 

Futures Settlements…

Live Cattle:

August: 137.97… -0.38

October: 143.17… -1.05

December: 149.65… -0.80

 

Feeder Cattle:

August: 178.00… -3.27

September: 182.50… -3.15

October: 185.57… -2.13

 

September Hogs: 99.60… -0.70

September Crude Oil: 90.50… -0.26

 

September Corn: 6.1550… +0.07

September Wheat: 7.8150… -0.0175

 

Grain Cash Bids:

Omaha Corn: 7.18… +0.08

Kansas City Wheat: 8.07… +0.03

 

Financial Markets:

DJIA: 32,776.25… -56.29

S & P 500: 4,122.76… -17.30

NASDAQ: 12,494.54… -149.91

U.S. Dollar Index: 106.44… -0.08