Aug 26 2022

Texas Daily Ag Market News Summary Posted 2 years 94 days ago by Administrator Account

Daily Market Summary for August 26^th

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Slaughter Cattle:

As of 3:00 PM Friday 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 and Nebraska negotiated cash trading has been mostly inactive with light demand. Not enough purchases in any price range in any region for a full 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:      2,220

Week Ago:       3,144

Year Ago:          4,552

Formula Net - Dressed Steers & Heifers:

Head count priced today:   21,900

Weighted avg. weight:         871.00

Weighted avg. net price:     231.07

 

Cattle Slaughter under Federal Inspection

Friday (est)                           123,000

Week ago (est)                     122,000

Year ago (act)                       116,000

Week to Date                       622,000

Same Period Last Week     621,000

Same Period Last Year       580,000

Thursday:

Steers & Heifers:  96,000

Cows & Bulls:        28,000

 

Boxed Beef:

Cutout Values:

Choice: 262.76… -0.78

Select:  238.76… +1.22

Choice/Select Spread: 24.00

Total Load Count: 101

 

Cutter Cow Cutout:

211.79… -0.12

 

CME Feeder Cattle Index for August 25^th:

182.25… +1.25 / +0.69%

1 Year Change: +14.34%

52 Week Range: 152.31 to 182.25

 

Futures Settlements…

Live Cattle:

August: 140.80… -0.30

October: 143.05… -0.60

December: 149.10… -0.80

 

Feeder Cattle:

September: 182.25… -2.00

October: 183.40… -2.12

November: 185.17… -1.90

 

October Hogs: 90.65… -0.45

October Crude Oil: 92.52

 

December Corn: 6.6425… +0.1425

December Wheat: 8.0525… +0.1625

 

Grain Cash Bids:

Omaha Corn: 7.28… +0.15

Kansas City Wheat: 8.38… +0.14

 

Financial Markets:

DJIA: 32,282.80… -1,008.98

S & P 500: 4,057.74… -141.38

NASDAQ: 12,141.71… -497.56

U.S. Dollar Index: 108.81… +0.34