Aug 16 2022

Texas Daily Ag Market News Summary Posted 2 years 104 days ago by Administrator Account

Daily Market Summary for August 16^th

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Slaughter Cattle:

As of 3:00 PM Tuesday in Nebraska, negotiated cash trading has been limited on light demand. In the Southern Plains and Western Cornbelt negotiated cash trading has been mostly inactive on light demand. Not enough purchases in any region 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 Cornbelt live and dressed purchases traded from 146.00-148.00 and at 229.00, respectively.

Negotiated Sales:

Confirmed:        3,330

Week Ago:             861

Year Ago:            4,685

Formula Net - Dressed Steers & Heifers:

Head count priced today:   40,500

Weighted avg. weight:         872.00

Weighted avg. net price:     224.60

 

Cattle Slaughter under Federal Inspection

Tuesday (est)                       126,000

Week ago (est)                     126,000

Year ago (act)                       122,000

Week to Date                       247,000

Same Period Last Week     245,000

Same Period Last Year       240,000

Monday:

Steers & Heifers:  94,000

Cows & Bulls:        27,000

 

Boxed Beef:

Cutout Values:

Choice: 265.44… +0.98

Select:  239.12… -0.60

Choice/Select Spread: 26.32

Total Load Count: 161

 

Cutter Cow Cutout:

214.08… +2.41

 

CME Feeder Cattle Index for August 15^th:

179.35… +0.31 / +0.17%

1 Year Change: +15.78%

52 Week Range: 152.31 to 179.35

 

Futures Settlements…

Live Cattle:

August: 141.30… +1.55

October: 145.67… +1.87

December: 151.20… +1.48

 

Feeder Cattle:

August: 181.52… +1.60

September: 185.47… +2.47

October: 188.02… +2.42

 

October Hogs: 96.57… -4.00

September Crude Oil: 86.53… -2.88

 

December Corn: 6.1025… -0.1800

December Wheat: 8.0275… -0.1500

 

Grain Cash Bids:

Omaha Corn: 7.03… -0.20

Kansas City Wheat: 8.27… -0.11

 

Financial Markets:

DJIA: 34,152.04… +239.60

S & P 500: 4,305.22… +8.08

NASDAQ: 13,102.55… -25.50

U.S. Dollar Index: 106.51… -0.03