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Aug
19
2022

Texas Daily Ag Market Summary

Posted 163 days ago ago by Administrator Account

Daily Market Summary for August 19th

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 Western Cornbelt, negotiated cash trading has been limited on light demand. In the Southern Plains and Nebraska negotiated cash trading has been mostly inactive on very light demand. Not enough purchases in any region for a market trend. Thursday was the last fully reported market in these regions. In the Southern Plains live purchases traded at 142.00. In Nebraska live purchases traded from 145.00-148.50 and dressed purchases traded at 234.00. In the Western Cornbelt live purchases traded from 148.00-150.00 and dressed purchases traded at 234.00.
Negotiated Sales:
Confirmed:      3,144
Week Ago:       1,291
Year Ago:         2,327
Formula Net - Dressed Steers & Heifers:
Head count priced today:   32,200
Weighted avg. weight:         863.00
Weighted avg. net price:     228.02
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Cattle Slaughter under Federal Inspection
Friday (est)                           122,000
Week ago (est)                     118,000
Year ago (act)                       117,000
Week to Date                       621,000
Same Period Last Week     614,000
Same Period Last Year       595,000
Thursday:
Steers & Heifers:  96,000
Cows & Bulls:        30,000
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Boxed Beef:
Cutout Values:
Choice: 264.28… -0.11
Select:  237.94… +0.47
Choice/Select Spread: 26.34
Total Load Count: 73
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Cutter Cow Cutout:
213.98… +2.84
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CME Feeder Cattle Index for August 18th:
179.21… -0.65 / -0.36%
1 Year Change: +15.03%
52 Week Range: 152.31 to 179.89
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Futures Settlements…
Live Cattle:
August: 141.60… +0.33
October: 145.25… +0.50
December: 150.97… +0.42
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Feeder Cattle:
August: 181.50… -0.02
September: 184.75… -0.52
October: 187.77… -0.90
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October Hogs: 93.12… -0.18
September Crude Oil: 90.77… +0.27
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December Corn: 6.2325… +0.0750
December Wheat: 7.7100… +0.2200
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Grain Cash Bids:
Omaha Corn: 7.32… +0.05
Kansas City Wheat: 7.89… +0.21
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Financial Markets:
DJIA: 33,706.15… -292.89
S & P 500: 4,228.37… -55.37
NASDAQ: 12,705.22… -260.12
U.S. Dollar Index: 108.12… +0.64