Aug 23 2022

Texas Daily Ag Market News Summary Posted 2 years 97 days ago by Administrator Account

Daily Market Summary for August 23^rd

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 Tuesday in the Southern Plains and Western Cornbelt, negotiated cash trading has been slow on light demand. In the Southern Plains, compared to last week, live purchases traded steady to 1.00 higher at 142.00. In the Western Cornbelt a few live purchases traded at 148.00. In Nebraska negotiated cash trading has been mostly inactive on very light demand. Not enough purchases in the Western Cornbelt and Nebraska for a full market trend. For the previous week in the Western Cornbelt live and dressed purchases traded from 148.00-150.00 and at 234.00, respectively. For the prior week in Nebraska live and dressed purchases traded from 146.00-148.50 and at 234.00, respectively.

Negotiated Sales:

Confirmed:    13,419

Week Ago:       3,330

Year Ago:         2,068

Formula Net - Dressed Steers & Heifers:

Head count priced today:   24,700

Weighted avg. weight:        855.00

Weighted avg. net price:    232.36

 

Cattle Slaughter under Federal Inspection

Tuesday (est)                       126,000

Week ago (est)                     126,000

Year ago (act)                       120,000

Week to Date                       251,000

Same Period Last Week     247,000

Same Period Last Year       237,000

Monday:

Steers & Heifers:  98,000

Cows & Bulls:        27,000

 

Boxed Beef:

Cutout Values:

Choice: 262.80… -1.72

Select:  238.80… +0.44

Choice/Select Spread: 24.00

Total Load Count: 152

 

Cutter Cow Cutout:

213.95… +0.51

 

CME Feeder Cattle Index for August 22^nd:

180.60… -0.06 / -0.03%

1 Year Change: +15.33%

52 Week Range: 152.31 to 180.66

 

Futures Settlements…

Live Cattle:

August: 141.62… +0.40

October: 144.60… +0.10

December: 150.67… +0.15

 

Feeder Cattle:

August: 180.90… -0.50

September: 182.45… -1.90

October: 184.45… -2.02

 

October Hogs: 92.90… -1.07

October Crude Oil: 93.74… +3.38

 

December Corn: 6.5525… +0.2625

December Wheat: 8.0050… +0.1225

 

Grain Cash Bids:

Omaha Corn: 7.08… +0.13

Kansas City Wheat: 8.30… +0.20

 

Financial Markets:

DJIA: 32,908.99… -154.62

S & P 500: 4,128.71… -9.28

NASDAQ: 12,378.46… -3.11

U.S. Dollar Index: 108.60… -0.45