Aug 25 2022

Texas Daily Ag Market News Summary Posted 2 years 95 days ago by Administrator Account

Daily Market Summary for August 25^th

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Slaughter Cattle:

As of 3:00 PM Thursday, negotiated cash trading has been mostly inactive on light demand in the Southern Plains, Nebraska and Western Cornbelt. Not enough purchases in any region for a market trend. In the Southern Plains Tuesday was the last reported market with live purchases at 142.00. Wednesday was the last reported market in Nebraska with live and dressed purchases from 145.00-148.00 and from 232.00-233.00, respectively. In the Western Cornbelt Wednesday was the last reported live purchase market with trades from 146.00-148.00. Last week dressed purchases traded at 234.00.

Negotiated Sales:

Confirmed:      3,349

Week Ago:     29,152

Year Ago:       17,177

Formula Net - Dressed Steers & Heifers:

Head count priced today:   27,200

Weighted avg. weight:         886.00

Weighted avg. net price:     233.78

 

Cattle Slaughter under Federal Inspection

Thursday (est)                      124,000

Week ago (est)                     126,000

Year ago (act)                       113,000

Week to Date                       499,000

Same Period Last Week     499,000

Same Period Last Year       464,000

Wednesday:

Steers & Heifers:  96,000

Cows & Bulls:        28,000

 

Boxed Beef:

Cutout Values:

Choice: 263.54… +0.71

Select:  237.54… -0.08

Choice/Select Spread: 26.00

Total Load Count: 124

 

Cutter Cow Cutout:

211.91… -1.24

 

CME Feeder Cattle Index for August 24^th:

181.00… +0.50 / +0.28%

1 Year Change: +13.99%

52 Week Range: 152.31 to 181.00

 

Futures Settlements…

Live Cattle:

August: 141.10… -0.22

October: 143.65… -0.12

December: 149.90… -0.10

 

Feeder Cattle:

August: 181.87… +0.65

September: 184.25… +1.23

October: 185.52… +1.07

 

October Hogs: 91.10… +0.73

October Crude Oil: 92.52… -2.37

 

December Corn: 6.5000… -0.0725

December Wheat: 7.8900… -0.2425

 

Grain Cash Bids:

Omaha Corn: 7.13… -0.28

Kansas City Wheat: 8.24… -0.17

 

Financial Markets:

DJIA: 33,293.66… +324.43

S & P 500: 4,199.52… +58.75

NASDAQ: 12,639.20… +207.67

U.S. Dollar Index: 108.42… -0.26