Aug 17 2022

Texas Daily Ag Market News Summary Posted 2 years 103 days ago by Administrator Account

Daily Market Summary for August 17^th

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

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Slaughter Cattle:

As of 3:00 PM Wednesday in the Southern Plains, Nebraska and Western Cornbelt, negotiated cash trading has been limited on light demand. In the Southern Plains, a few, live purchases traded at 141.00. In the Western Cornbelt, a few, live purchases traded at 147.00. However, not enough purchases in any region for a full 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:        6,351

Week Ago:       14,470

Year Ago:         36,439

Formula Net - Dressed Steers & Heifers:

Head count priced today:   19,200

Weighted avg. weight:         860.00

Weighted avg. net price:     229.01

 

Cattle Slaughter under Federal Inspection

Wednesday (est)                 126,000

Week ago (est)                     126,000

Year ago (act)                       120,000

Week to Date                       373,000

Same Period Last Week     371,000

Same Period Last Year       360,000

Tuesday:

Steers & Heifers:  95,000

Cows & Bulls:        27,000

 

Boxed Beef:

Cutout Values:

Choice: 264.34… -1.10

Select:  237.89… -1.23

Choice/Select Spread: 26.45

Total Load Count: 145

 

Cutter Cow Cutout:

213.33… -0.75

 

CME Feeder Cattle Index for August 16^th:

179.89… +0.54 / +0.30%

1 Year Change: +15.88%

52 Week Range: 152.31 to 179.89

 

Futures Settlements…

Live Cattle:

August: 141.75… +0.45

October: 145.85… 0.18

December: 151.50… +0.30

 

Feeder Cattle:

August: 183.25… +1.73

September: 187.12… +1.65

October: 189.55… +1.53

 

October Hogs: 98.05… +1.48

September Crude Oil: 88.11… +1.58

 

December Corn: 6.1200… +0.0175

December Wheat: 7.8050… -0.2225

 

Grain Cash Bids:

Omaha Corn: 7.06… +0.03

Kansas City Wheat: 8.06… -0.21

 

Financial Markets:

DJIA: 33,980.72… -171.29

S & P 500: 4,274.06… -31.14

NASDAQ: 12,938.12… -164.43

U.S. Dollar Index: 106.63… +0.12