Aug 22 2022

Texas Daily Ag Market News Summary Posted 2 years 98 days ago by Administrator Account

Daily Market Summary for August 22^nd

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 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 very light demand. Not enough purchases for a market trend. Last week in the Southern Plains live purchases traded from 141.00-142.00. For the prior week in Nebraska live and dressed purchases traded from 146.00-148.50 and at 234.00, respectively. For the previous week in the Western Cornbelt live and dressed purchases traded from 148.00-150.00 and at 234.00, respectively.

Negotiated Sales:

Confirmed:      286

Week Ago:       800

Year Ago:      2,686

Formula Net - Dressed Steers & Heifers:

Head count priced today:   46,600

Weighted avg. weight:         878.00

Weighted avg. net price:     226.17

 

Cattle Slaughter under Federal Inspection

Monday (est)                        125,000

Week ago (est)                     121,000

Year ago (act)                       117,000

Friday:

Steers & Heifers:  96,000

Cows & Bulls:        26,000

 

Boxed Beef:

Cutout Values:

Choice: 264.52… +0.24

Select:  238.36… +0.42

Choice/Select Spread: 26.16

Total Load Count: 89

 

Cutter Cow Cutout:

213.44… -0.54

 

CME Feeder Cattle Index for August 19^th:

180.66… +1.45 / +0.81%

1 Year Change: +16.01%

52 Week Range: 152.31 to 180.66

 

Futures Settlements…

Live Cattle:

August: 141.22… -0.38

October: 144.50… -0.75

December: 150.52… -0.45

 

Feeder Cattle:

August: 181.40… -0.10

September: 184.35… -0.40

October: 186.47… -0.30

 

October Hogs: 93.97… +0.85

September Crude Oil: 90.23… -0.54

 

December Corn: 6.3350… +0.1025

December Wheat: 7.8825… +0.1725

 

Grain Cash Bids:

Omaha Corn: 7.37… +0.05

Kansas City Wheat: 8.10… +0.21

 

Financial Markets:

DJIA: 33,065.52… -641.22

S & P 500: 4,138.37… -90.11

NASDAQ: 12,384.02… -321.02

U.S. Dollar Index: 108.97… +0.80