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Aug
18
2022

Texas Daily Ag Market Summary

Posted 161 days ago ago by Administrator Account

Daily Market Summary for August 17th

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 Thursday in the Southern Plains, Nebraska and Western Cornbelt, negotiated cash trading has been slow on moderate demand. In the Southern Plains, compared to the last reported market on Wednesday, live purchases traded 1.00 higher at 142.00. In the Western Cornbelt, compared to the last reported market on Wednesday, live purchases traded steady from 148.00-150.00. A few dressed purchases traded at 234.00, however, not enough for a full market trend. Last week dressed purchases traded at 229.00. In Nebraska a few live and dressed purchases traded from 146.00-148.00 and at 234.00, respectively. However, not enough purchases for a full market trend. For the prior week live and dressed purchases traded from 144.00-148.00 and from 229.00-230.00, respectively.
Negotiated Sales:
Confirmed:      29,152
Week Ago:       25,300
Year Ago:         21,184
Formula Net - Dressed Steers & Heifers:
Head count priced today:   35,000
Weighted avg. weight:         884.00
Weighted avg. net price:     229.82
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Cattle Slaughter under Federal Inspection
Thursday (est)                     126,000
Week ago (est)                     125,000
Year ago (act)                       118,000
Week to Date                       499,000
Same Period Last Week     496,000
Same Period Last Year       478,000
Wednesday:
Steers & Heifers:  98,000
Cows & Bulls:        28,000
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Boxed Beef:
Cutout Values:
Choice: 264.39… +0.05
Select:  237.47… -0.42
Choice/Select Spread: 26.92
Total Load Count: 132
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Cutter Cow Cutout:
211.14… -2.19
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CME Feeder Cattle Index for August 17th:
179.86… -0.03 / -0.02%
1 Year Change: +15.73%
52 Week Range: 152.31 to 179.89
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Futures Settlements…
Live Cattle:
August: 141.27… -0.48
October: 144.75… -1.10
December: 150.55… -0.95
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Feeder Cattle:
August: 181.52… -1.73
September: 185.27… -1.85
October: 187.67… -1.88
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October Hogs: 93.30… -4.75
September Crude Oil: 90.50… +2.39
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December Corn: 6.1575… +0.0375
December Wheat: 7.4900… -0.3150
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Grain Cash Bids:
Omaha Corn: 7.27… +0.03
Kansas City Wheat: 7.68… -0.38
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Financial Markets:
DJIA: 34,000.95… +20.63
S & P 500: 4,284.45… +10.11
NASDAQ: 12,965.34… +27.22

U.S. Dollar Index: 107.45… +0.88