Aug 15 2022

Texas Daily Ag Market Summary Posted 2 years 105 days ago by Administrator Account

Daily Market Summary for August 15th

The Daily Market News Report brought to you by The Cattle Range. Please visit their website for more information!

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Slaughter Cattle:

As of 3:00 PM Monday, negotiated cash trading has been at a standstill in the Southern Plains and Nebraska. 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 Southern Plains live purchases traded at 140.00. For prior week in Nebraska live and dressed purchases traded from 144.00-148.00 and from 229.00-230.00, respectively. For the previous week in the Western

Negotiated Sales:

Confirmed:            800

Week Ago:             175

Year Ago:            3,750

Formula Net - Dressed Steers & Heifers:

Head count priced today:   39,200

Weighted avg. weight:         867.00

Weighted avg. net price:     220.52

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Cattle Slaughter under Federal Inspection

Monday (est)                        124,000

Week ago (est)                     119,000

Year ago (act)                       118,000

Friday:

Steers & Heifers:  90,000

Cows & Bulls:        28,000

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Boxed Beef:

Cutout Values:

Choice: 264.46… +1.09

Select:  239.72… +0.13

Choice/Select Spread: 24.74

Total Load Count: 95

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Cutter Cow Cutout:

211.67… -0.34

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CME Feeder Cattle Index for August 12th:

179.04… +0.76 / +0.43%

1 Year Change: +15.11%

52 Week Range: 152.31 to 179.04

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Futures Settlements…

Live Cattle:

August: 139.75… -0.47

October: 143.80… -0.70

December: 149.72… -0.90

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Feeder Cattle:

August: 179.92… +0.30

September: 183.00… -0.37

October: 185.60… -0.40

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September Hogs: 100.57… +0.55

September Crude Oil: 89.41… -2.68

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September Corn: 6.2675… -0.1300

September Wheat: 8.0075… -0.0525

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Grain Cash Bids:

Omaha Corn: 7.23… -0.11

Kansas City Wheat: 8.38… -0.04

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Financial Markets:

DJIA: 33,912.63… +151.58

S & P 500: 4,297.24… +17.09

NASDAQ: 13,126.99… +79.80

U.S. Dollar Index: 106.50… +0.88