Aug 24 2022

Texas Daily Ag Market News Summary Posted 2 years 96 days ago by Administrator Account

Daily Market Summary for August 24^th

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Slaughter Cattle:

As of 3:00 PM Wednesday, in Nebraska negotiated cash trading has been slow on moderate demand. A few live and dressed purchases traded at 145.00 and from 232.00-233.00, respectively. In the Western Cornbelt negotiated cash trading has been limited on light demand. A few live purchases traded at 147.00. In the Southern Plains negotiated cash trading has been mostly inactive on light demand. Not enough purchases in any of these regions for a full market trend. In the Southern Plains Tuesday was the last reported market with live purchases at 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:    13,461

Week Ago:       6,351

Year Ago:         2,708

Formula Net - Dressed Steers & Heifers:

Head count priced today:   23,900

Weighted avg. weight:         858.00

Weighted avg. net price:     230.88

 

Cattle Slaughter under Federal Inspection

Wednesday (est)                 124,000

Week ago (est)                     126,000

Year ago (act)                       114,000

Week to Date                       375,000

Same Period Last Week     373,000

Same Period Last Year       351,000

Tuesday:

Steers & Heifers:  97,000

Cows & Bulls:        27,000

 

Boxed Beef:

Cutout Values:

Choice: 262.83… +0.03

Select:  237.62… -1.18

Choice/Select Spread: 25.21

Total Load Count: 121

 

Cutter Cow Cutout:

213.15… -0.80

 

CME Feeder Cattle Index for August 23^rd:

180.50… -0.10 / -0.06%

1 Year Change: +14.19%

52 Week Range: 152.31 to 180.66

 

Futures Settlements…

Live Cattle:

August: 141.32… -0.30

October: 143.77… -0.83

December: 150.00… -0.67

 

Feeder Cattle:

August: 181.22… +0.32

September: 183.02… +0.57

October: 184.45… Unchanged

 

October Hogs: 90.37… -2.53

October Crude Oil: 94.89… +1.15

 

December Corn: 6.5725… +0.0200

December Wheat: 8.1325… +0.1275

 

Grain Cash Bids:

Omaha Corn: 7.41… +0.04

Kansas City Wheat: 8.41… +0.11

 

Financial Markets:

DJIA: 32,970.71… +61.12

S & P 500: 4,140.99… +12.26

NASDAQ: 12,431.25… +50.05

U.S. Dollar Index: 108.60… -0.02