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Aug
12
2022

Texas Daily Ag Market News Summary

Posted 170 days ago ago by Administrator Account

Daily Market Summary for August 12th

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 Friday 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. Thursday was the last reported market in the Southern Plains with live purchases at 140.00. Wednesday was the last reported market in Nebraska and Western Cornbelt. In Nebraska live and dressed purchases traded from 144.00-148.00 and from 229.00-230.00, respectively. In the Western Cornbelt live and dressed purchases traded from 145.00 -148.00 and at 229.00, respectively.

Negotiated Sales:

Confirmed:            1,291

Week Ago:             5,843

Year Ago:               4,874

Formula Net - Dressed Steers & Heifers:

Head count priced today:   27,800

Weighted avg. weight:         875.00

Weighted avg. net price:     224.88

 

Cattle Slaughter under Federal Inspection

Friday (est)                           118,000

Week ago (est)                     115,000

Year ago (act)                       116,000

Week to Date                       614,000

Same Period Last Week     612,000

Same Period Last Year       579,000

Thursday:

Steers & Heifers:  97,000

Cows & Bulls:        28,000

 

Boxed Beef:

Cutout Values:

Choice: 263.37… +0.27

Select:  239.59… +2.13

Choice/Select Spread: 23.78

Total Load Count: 89

 

Cutter Cow Cutout:

212.01… -2.09

 

CME Feeder Cattle Index for August 11th:

178.23… +0.22 / +0.12%

1 Year Change: +14.41%

52 Week Range: 152.31 to 178.28

 

Futures Settlements…

Live Cattle:

August: 140.22… -0.38

October: 144.50… -0.60

December: 150.62… -0.45

 

Feeder Cattle:

August: 179.62… -0.33

September: 183.37… -1.23

October: 186.00… -0.85

 

September Hogs: 100.02… -1.05

September Crude Oil: 92.09… +2.25

 

September Corn: 6.3975… +0.1050

September Wheat: 8.0600… -0.0475

 

Grain Cash Bids:

Omaha Corn: 7.54… +0.37

Kansas City Wheat: 8.42… -0.02

 

Financial Markets:

DJIA: 33,761.11… +424.44

S & P 500: 4,279.95… +72.68

NASDAQ: 13,047.19… +271.84

U.S. Dollar Index: 105.62… +0.53