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Aug
22
2022

Texas Daily Ag Market News Summary

Posted 160 days ago ago by Administrator Account

Daily Market Summary for August 22nd

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 19th:

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